Mid Cap 15x Strategy Fund Market Value
| RYDCX Fund | USD 107.69 0.50 0.47% |
| Symbol | Mid |
Mid Cap '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 Mid Cap'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 Mid Cap.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Mid Cap on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Mid Cap 15x Strategy or generate 0.0% return on investment in Mid Cap over 390 days. Mid Cap is related to or competes with Basic Materials, Basic Materials, Banking Fund, Basic Materials, Sp Midcap, Basic Materials, and Biotechnology Fund. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in securities of co... More
Mid Cap 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 Mid Cap'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 Mid Cap 15x Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.01 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.41 |
Mid Cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mid Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mid Cap's standard deviation. In reality, there are many statistical measures that can use Mid Cap historical prices to predict the future Mid Cap's volatility.| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0232 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mid Cap's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mid Cap 15x Backtested Returns
At this stage we consider Mid Mutual Fund to be very steady. Mid Cap 15x has Sharpe Ratio of 0.0116, which conveys that the entity had a 0.0116% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mid Cap, which you can use to evaluate the volatility of the fund. Please verify Mid Cap's Downside Deviation of 1.53, mean deviation of 1.03, and Risk Adjusted Performance of 0.0147 to check out if the risk estimate we provide is consistent with the expected return of 0.0178%. The fund secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mid Cap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mid Cap is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Mid Cap 15x Strategy has good predictability. Overlapping area represents the amount of predictability between Mid Cap time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Mid Cap 15x price movement. The serial correlation of 0.67 indicates that around 67.0% of current Mid Cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 39.44 |
Mid Cap 15x lagged returns against current returns
Autocorrelation, which is Mid Cap 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 Mid Cap's mutual fund expected returns. We can calculate the autocorrelation of Mid Cap returns to help us make a trade decision. For example, suppose you find that Mid Cap 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 |
Mid Cap 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 Mid Cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mid Cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mid Cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mid Cap Lagged Returns
When evaluating Mid Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mid Cap mutual fund have on its future price. Mid Cap 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, Mid Cap autocorrelation shows the relationship between Mid Cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mid Cap 15x Strategy.
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 Mid Mutual Fund
Mid Cap financial ratios help investors to determine whether Mid 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 Mid with respect to the benefits of owning Mid Cap security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |