Royce Total Price To Earning vs. Three Year Return
| RTRIX Fund | USD 7.75 0.02 0.26% |
For Royce Total profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Royce Total to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Royce Total Return utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Royce Total's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Royce Total Return over time as well as its relative position and ranking within its peers.
Royce |
Royce Total Return Three Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Royce Total's current stock value. Our valuation model uses many indicators to compare Royce Total value to that of its competitors to determine the firm's financial worth. Royce Total Return is rated fifth largest fund in price to earning among similar funds. It is rated fourth largest fund in three year return among similar funds reporting about 0.23 of Three Year Return per Price To Earning. The ratio of Price To Earning to Three Year Return for Royce Total Return is roughly 4.43 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Royce Total's earnings, one of the primary drivers of an investment's value.Royce Three Year Return vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Royce Total |
| = | 37.97 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Royce Total |
| = | 8.56 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Royce Three Year Return Comparison
Royce Total is rated third largest fund in three year return among similar funds.
Royce Total Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Royce Total, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Royce Total will eventually generate negative long term returns. The profitability progress is the general direction of Royce Total's change in net profit over the period of time. It can combine multiple indicators of Royce Total, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Normally, the fund invests at least 65 percent of its net assets in dividend-paying equity securities. In addition, the fund invests at least 80 percent of its net assets in equity securities of small-cap companies, under normal circumstances. Although the fund normally focuses on securities of U.S. companies, it may invest up to 25 percent of its net assets in securities of companies headquartered in foreign countries.
Royce Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Royce Total. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Royce Total position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Royce Total's important profitability drivers and their relationship over time.
Use Royce Total in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Royce Total position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Royce Total will appreciate offsetting losses from the drop in the long position's value.Royce Total Pair Trading
Royce Total Return Pair Trading Analysis
The ability to find closely correlated positions to Royce Total could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royce Total when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Royce Total - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Royce Total Return to buy it.
The correlation of Royce Total is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Royce Total moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royce Total Return moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Royce Total can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Royce Total position
In addition to having Royce Total in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alcohol Thematic Idea Now
Alcohol
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alcohol Theme or any other thematic opportunities.
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Other Information on Investing in Royce Mutual Fund
To fully project Royce Total's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Royce Total Return at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Royce Total's income statement, its balance sheet, and the statement of cash flows.
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