Strengthening Dollar 2x Fund Market Value
| RYSDX Fund | USD 67.75 0.24 0.36% |
| Symbol | Strengthening |
Strengthening Dollar '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 Strengthening Dollar'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 Strengthening Dollar.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Strengthening Dollar on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Strengthening Dollar 2x or generate 0.0% return on investment in Strengthening Dollar over 30 days. Strengthening Dollar is related to or competes with Basic Materials, Basic Materials, Banking Fund, Basic Materials, Sp Midcap, Basic Materials, and Biotechnology Fund. The fund employs as its investment strategy a program of investing in derivative instruments, which primarily consist of... More
Strengthening Dollar 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 Strengthening Dollar'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 Strengthening Dollar 2x upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9573 | |||
| Information Ratio | 0.1556 | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.2 |
Strengthening Dollar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strengthening Dollar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strengthening Dollar's standard deviation. In reality, there are many statistical measures that can use Strengthening Dollar historical prices to predict the future Strengthening Dollar's volatility.| Risk Adjusted Performance | 0.1654 | |||
| Jensen Alpha | 0.1696 | |||
| Total Risk Alpha | 0.1354 | |||
| Sortino Ratio | 0.1459 | |||
| Treynor Ratio | 1.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Strengthening Dollar'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.
Strengthening Dollar Backtested Returns
Strengthening Dollar appears to be very steady, given 3 months investment horizon. Strengthening Dollar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Strengthening Dollar 2x, which you can use to evaluate the volatility of the fund. Please review Strengthening Dollar's Coefficient Of Variation of 486.75, risk adjusted performance of 0.1654, and Semi Deviation of 0.6855 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strengthening Dollar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strengthening Dollar is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Strengthening Dollar 2x has below average predictability. Overlapping area represents the amount of predictability between Strengthening Dollar time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Strengthening Dollar price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Strengthening Dollar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Strengthening Dollar lagged returns against current returns
Autocorrelation, which is Strengthening Dollar 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 Strengthening Dollar's mutual fund expected returns. We can calculate the autocorrelation of Strengthening Dollar returns to help us make a trade decision. For example, suppose you find that Strengthening Dollar 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 |
Strengthening Dollar 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 Strengthening Dollar mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strengthening Dollar mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strengthening Dollar mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Strengthening Dollar Lagged Returns
When evaluating Strengthening Dollar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strengthening Dollar mutual fund have on its future price. Strengthening Dollar 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, Strengthening Dollar autocorrelation shows the relationship between Strengthening Dollar mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Strengthening Dollar 2x.
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 Strengthening Mutual Fund
Strengthening Dollar financial ratios help investors to determine whether Strengthening 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 Strengthening with respect to the benefits of owning Strengthening Dollar security.
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