Biotechnology Fund Investor Fund Market Value
| RYOIX Fund | USD 66.31 0.53 0.79% |
| Symbol | Biotechnology |
Biotechnology 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 Biotechnology 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 Biotechnology Fund.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Biotechnology Fund on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Biotechnology Fund Investor or generate 0.0% return on investment in Biotechnology Fund over 90 days. Biotechnology Fund is related to or competes with Health Care, Electronics Fund, Technology Fund, Financial Services, and Energy Services. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Biotechnology C... More
Biotechnology 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 Biotechnology 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 Biotechnology Fund Investor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.47 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.69 |
Biotechnology Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biotechnology Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biotechnology Fund's standard deviation. In reality, there are many statistical measures that can use Biotechnology Fund historical prices to predict the future Biotechnology Fund's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | 0.0902 | |||
| Treynor Ratio | (0.93) |
Biotechnology Fund Backtested Returns
Biotechnology Fund secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12 % return per unit of risk over the last 3 months. Biotechnology Fund Investor exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biotechnology Fund's Standard Deviation of 2.07, risk adjusted performance of (0.1), and Mean Deviation of 1.11 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Biotechnology Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biotechnology Fund is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Biotechnology Fund Investor has insignificant reverse predictability. Overlapping area represents the amount of predictability between Biotechnology Fund time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Biotechnology Fund price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Biotechnology Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Biotechnology Fund lagged returns against current returns
Autocorrelation, which is Biotechnology 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 Biotechnology Fund's mutual fund expected returns. We can calculate the autocorrelation of Biotechnology Fund returns to help us make a trade decision. For example, suppose you find that Biotechnology 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 |
Biotechnology 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 Biotechnology Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biotechnology 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 Biotechnology Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Biotechnology Fund Lagged Returns
When evaluating Biotechnology Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biotechnology Fund mutual fund have on its future price. Biotechnology 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, Biotechnology Fund autocorrelation shows the relationship between Biotechnology Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Biotechnology Fund Investor.
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 Biotechnology Mutual Fund
Biotechnology Fund financial ratios help investors to determine whether Biotechnology 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 Biotechnology with respect to the benefits of owning Biotechnology Fund security.
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