Royce Total Return Fund Market Value

RTRIX Fund  USD 7.75  0.02  0.26%   
Royce Total's market value is the price at which a share of Royce Total trades on a public exchange. It measures the collective expectations of Royce Total Return investors about its performance. Royce Total is trading at 7.75 as of the 15th of December 2024; that is 0.26 percent down since the beginning of the trading day. The fund's open price was 7.77.
With this module, you can estimate the performance of a buy and hold strategy of Royce Total Return and determine expected loss or profit from investing in Royce Total over a given investment horizon. Check out Royce Total Correlation, Royce Total Volatility and Royce Total Alpha and Beta module to complement your research on Royce Total.
Symbol

Please note, there is a significant difference between Royce Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royce Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Total's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Royce Total '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 Total'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 Total.
0.00
11/15/2024
No Change 0.00  0.0 
In 31 days
12/15/2024
0.00
If you would invest  0.00  in Royce Total on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Royce Total Return or generate 0.0% return on investment in Royce Total over 30 days. Royce Total is related to or competes with Royce Opportunity, Royce Opportunity, Royce Opportunity, Royce Premier, Royce Premier, Royce Total, and Royce Total. Normally, the fund invests at least 65 percent of its net assets in dividend-paying equity securities More

Royce Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.

Royce Total Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Total's standard deviation. In reality, there are many statistical measures that can use Royce Total historical prices to predict the future Royce Total's volatility.
Hype
Prediction
LowEstimatedHigh
6.247.759.26
Details
Intrinsic
Valuation
LowRealHigh
6.297.809.31
Details
Naive
Forecast
LowNextHigh
5.997.519.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.628.208.77
Details

Royce Total Return Backtested Returns

At this stage we consider Royce Mutual Fund to be not too volatile. Royce Total Return maintains Sharpe Ratio (i.e., Efficiency) of 0.0463, which implies the entity had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Royce Total Return, which you can use to evaluate the volatility of the fund. Please check Royce Total's Coefficient Of Variation of 1312.24, risk adjusted performance of 0.0605, and Semi Deviation of 1.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0701%. The fund holds a Beta of 1.57, 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, Royce Total will likely underperform.

Auto-correlation

    
  -0.57  

Good reverse predictability

Royce Total Return has good reverse predictability. Overlapping area represents the amount of predictability between Royce Total time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Royce Total Return price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Royce Total price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.5
Residual Average0.0
Price Variance0.08

Royce Total Return lagged returns against current returns

Autocorrelation, which is Royce Total 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 Total's mutual fund expected returns. We can calculate the autocorrelation of Royce Total returns to help us make a trade decision. For example, suppose you find that Royce Total 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 Total 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 Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Total 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 Total mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Royce Total Lagged Returns

When evaluating Royce Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Total mutual fund have on its future price. Royce Total 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 Total autocorrelation shows the relationship between Royce Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Total Return.
   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 Royce Mutual Fund

Royce Total 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 Total security.
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Commodity Directory
Find actively traded commodities issued by global exchanges
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes