Royce Special Equity Fund Market Value

RYSEX Fund  USD 18.54  0.02  0.11%   
Royce Special's market value is the price at which a share of Royce Special trades on a public exchange. It measures the collective expectations of Royce Special Equity investors about its performance. Royce Special is trading at 18.54 as of the 4th of December 2024; that is 0.11 percent up since the beginning of the trading day. The fund's open price was 18.52.
With this module, you can estimate the performance of a buy and hold strategy of Royce Special Equity and determine expected loss or profit from investing in Royce Special over a given investment horizon. Check out Royce Special Correlation, Royce Special Volatility and Royce Special Alpha and Beta module to complement your research on Royce Special.
Symbol

Please note, there is a significant difference between Royce Special's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royce Special is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Special'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 Special '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 Special'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 Special.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Royce Special on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Royce Special Equity or generate 0.0% return on investment in Royce Special over 60 days. Royce Special is related to or competes with Amg Yacktman, Royce Opportunity, Royce Total, Royce Premier, and The Fairholme. The funds investment adviser invests the funds assets primarily in equity securities of small-cap companies More

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

Royce Special Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Special's standard deviation. In reality, there are many statistical measures that can use Royce Special historical prices to predict the future Royce Special's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royce Special'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.
Hype
Prediction
LowEstimatedHigh
17.4718.5419.61
Details
Intrinsic
Valuation
LowRealHigh
17.2518.3219.39
Details
Naive
Forecast
LowNextHigh
17.6018.6719.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.1318.3918.65
Details

Royce Special Equity Backtested Returns

At this stage we consider Royce Mutual Fund to be very steady. Royce Special Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Royce Special Equity, which you can use to evaluate the volatility of the fund. Please check Royce Special's Semi Deviation of 0.7906, coefficient of variation of 1133.16, and Risk Adjusted Performance of 0.0705 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The fund holds a Beta of 1.22, 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 Special will likely underperform.

Auto-correlation

    
  0.17  

Very weak predictability

Royce Special Equity has very weak predictability. Overlapping area represents the amount of predictability between Royce Special time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Special Equity price movement. The serial correlation of 0.17 indicates that over 17.0% of current Royce Special price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.13

Royce Special Equity lagged returns against current returns

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

Royce Special Lagged Returns

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