Royce Dividend Value Fund Market Value
| RDVIX Fund | USD 5.97 0.02 0.33% |
| Symbol | Royce |
Royce Dividend 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Royce Dividend's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Royce Dividend.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Royce Dividend on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Royce Dividend Value or generate 0.0% return on investment in Royce Dividend over 720 days. Royce Dividend is related to or competes with Virtus Multi-sector, Short-term Bond, Abr Enhanced, Aam/himco Short, Delaware Investments, Chartwell Short, and Cmg Ultra. Royce Associates, LP , the funds investment adviser, invests the funds assets primarily in dividend-paying equity securi... More
Royce Dividend Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Royce Dividend's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Royce Dividend Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.6 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.36 |
Royce Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Dividend's standard deviation. In reality, there are many statistical measures that can use Royce Dividend historical prices to predict the future Royce Dividend's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.78) |
Royce Dividend Value Backtested Returns
Royce Dividend Value maintains Sharpe Ratio (i.e., Efficiency) of -0.0943, which implies the entity had a -0.0943% return per unit of risk over the last 3 months. Royce Dividend Value exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Royce Dividend's Risk Adjusted Performance of (0.06), coefficient of variation of (1,246), and Variance of 5.74 to confirm the risk estimate we provide. The fund holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Royce Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royce Dividend is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Royce Dividend Value has weak predictability. Overlapping area represents the amount of predictability between Royce Dividend time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Royce Dividend Value price movement. The serial correlation of 0.23 indicates that over 23.0% of current Royce Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Royce Dividend Value lagged returns against current returns
Autocorrelation, which is Royce Dividend mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Royce Dividend's mutual fund expected returns. We can calculate the autocorrelation of Royce Dividend returns to help us make a trade decision. For example, suppose you find that Royce Dividend has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Royce Dividend regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Royce Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Dividend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Dividend Lagged Returns
When evaluating Royce Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Dividend mutual fund have on its future price. Royce Dividend autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Royce Dividend autocorrelation shows the relationship between Royce Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Dividend Value.
Regressed Prices |
| Timeline |
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Other Information on Investing in Royce Mutual Fund
Royce Dividend financial ratios help investors to determine whether Royce Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Royce with respect to the benefits of owning Royce Dividend security.
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