Nova Fund Class Fund Market Value

RYANX Fund  USD 121.83  3.74  3.17%   
Nova Fund's market value is the price at which a share of Nova Fund trades on a public exchange. It measures the collective expectations of Nova Fund Class investors about its performance. Nova Fund is trading at 121.83 as of the 15th of March 2025; that is 3.17% up since the beginning of the trading day. The fund's open price was 118.09.
With this module, you can estimate the performance of a buy and hold strategy of Nova Fund Class and determine expected loss or profit from investing in Nova Fund over a given investment horizon. Check out Nova Fund Correlation, Nova Fund Volatility and Nova Fund Alpha and Beta module to complement your research on Nova Fund.
Symbol

Please note, there is a significant difference between Nova Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Fund'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.

Nova Fund '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 Nova Fund'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 Nova Fund.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in Nova Fund on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nova Fund Class or generate 0.0% return on investment in Nova Fund over 90 days. Nova Fund is related to or competes with Lord Abbett, Diversified Bond, Wilmington Diversified, Stone Ridge, Goldman Sachs, Madison Diversified, and Harbor Diversified. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More

Nova Fund 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 Nova Fund'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 Nova Fund Class upside and downside potential and time the market with a certain degree of confidence.

Nova Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Fund's standard deviation. In reality, there are many statistical measures that can use Nova Fund historical prices to predict the future Nova Fund's volatility.
Hype
Prediction
LowEstimatedHigh
120.72122.29123.86
Details
Intrinsic
Valuation
LowRealHigh
109.65123.55125.12
Details

Nova Fund Class Backtested Returns

Nova Fund Class has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12 % return per unit of risk over the last 3 months. Nova Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova Fund's Mean Deviation of 1.15, risk adjusted performance of (0.12), and Standard Deviation of 1.46 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.19, which conveys 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, Nova Fund will likely underperform.

Auto-correlation

    
  -0.47  

Modest reverse predictability

Nova Fund Class has modest reverse predictability. Overlapping area represents the amount of predictability between Nova Fund time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Nova Fund Class price movement. The serial correlation of -0.47 indicates that about 47.0% of current Nova Fund price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.14
Residual Average0.0
Price Variance25.78

Nova Fund Class lagged returns against current returns

Autocorrelation, which is Nova Fund 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 Nova Fund's mutual fund expected returns. We can calculate the autocorrelation of Nova Fund returns to help us make a trade decision. For example, suppose you find that Nova Fund 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  

Nova Fund 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 Nova Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Fund mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nova Fund Lagged Returns

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

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Other Information on Investing in Nova Mutual Fund

Nova Fund financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Fund security.
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