Rmb Mendon Financial Fund Market Value
| RMBKX Fund | USD 54.72 0.53 0.96% |
| Symbol | Rmb |
Rmb Mendon '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 Rmb Mendon'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 Rmb Mendon.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Rmb Mendon on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Rmb Mendon Financial or generate 0.0% return on investment in Rmb Mendon over 30 days. Rmb Mendon is related to or competes with Hennessy Small, Emerald Banking, Ultramid-cap Profund, and Emerald Banking. The fund pursues its investment objective by investing at least 80 percent of its net assets in stocks of U.S More
Rmb Mendon 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 Rmb Mendon'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 Rmb Mendon Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0481 | |||
| Maximum Drawdown | 13.31 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.67 |
Rmb Mendon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rmb Mendon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rmb Mendon's standard deviation. In reality, there are many statistical measures that can use Rmb Mendon historical prices to predict the future Rmb Mendon's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 1.0E-4 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0736 | |||
| Treynor Ratio | 0.1034 |
Rmb Mendon Financial Backtested Returns
Rmb Mendon appears to be very steady, given 3 months investment horizon. Rmb Mendon Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rmb Mendon Financial, which you can use to evaluate the volatility of the fund. Please evaluate Rmb Mendon's Coefficient Of Variation of 905.8, risk adjusted performance of 0.09, and Semi Deviation of 0.9404 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.85, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rmb Mendon will likely underperform.
Auto-correlation | 0.78 |
Good predictability
Rmb Mendon Financial has good predictability. Overlapping area represents the amount of predictability between Rmb Mendon time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rmb Mendon Financial price movement. The serial correlation of 0.78 indicates that around 78.0% of current Rmb Mendon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Rmb Mendon Financial lagged returns against current returns
Autocorrelation, which is Rmb Mendon 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 Rmb Mendon's mutual fund expected returns. We can calculate the autocorrelation of Rmb Mendon returns to help us make a trade decision. For example, suppose you find that Rmb Mendon 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 |
Rmb Mendon 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 Rmb Mendon mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rmb Mendon mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rmb Mendon mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rmb Mendon Lagged Returns
When evaluating Rmb Mendon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rmb Mendon mutual fund have on its future price. Rmb Mendon 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, Rmb Mendon autocorrelation shows the relationship between Rmb Mendon mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rmb Mendon Financial.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Rmb Mutual Fund
Rmb Mendon financial ratios help investors to determine whether Rmb 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 Rmb with respect to the benefits of owning Rmb Mendon security.
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