Royce Opportunity Fund Technical Analysis
| ROFIX Fund | USD 16.55 0.13 0.78% |
As of the 16th of December 2024, Royce Opportunity holds the Semi Deviation of 1.6, risk adjusted performance of 0.0468, and Coefficient Of Variation of 1758.15. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Royce Opportunity, as well as the relationship between them.
Royce Opportunity Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Royce, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RoyceRoyce |
Royce Opportunity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Royce Opportunity Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Royce Opportunity volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Royce Opportunity Trend Analysis
Use this graph to draw trend lines for Royce Opportunity Fund. You can use it to identify possible trend reversals for Royce Opportunity as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Royce Opportunity price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Royce Opportunity Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Royce Opportunity Fund applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Royce Opportunity Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 36.92, which is the sum of squared deviations for the predicted Royce Opportunity price change compared to its average price change.About Royce Opportunity Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Royce Opportunity Fund on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Royce Opportunity Fund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Royce Opportunity price pattern first instead of the macroeconomic environment surrounding Royce Opportunity. By analyzing Royce Opportunity's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Royce Opportunity's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Royce Opportunity specific price patterns or momentum indicators. Please read more on our technical analysis page.
Royce Opportunity December 16, 2024 Technical Indicators
Most technical analysis of Royce help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Royce from various momentum indicators to cycle indicators. When you analyze Royce charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0468 | |||
| Market Risk Adjusted Performance | 0.0605 | |||
| Mean Deviation | 1.04 | |||
| Semi Deviation | 1.6 | |||
| Downside Deviation | 1.73 | |||
| Coefficient Of Variation | 1758.15 | |||
| Standard Deviation | 1.64 | |||
| Variance | 2.7 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0505 | |||
| Maximum Drawdown | 14.06 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.29 | |||
| Downside Variance | 3.01 | |||
| Semi Variance | 2.57 | |||
| Expected Short fall | (1.17) | |||
| Skewness | (1.24) | |||
| Kurtosis | 10.92 |
Royce Opportunity One Year Return
Based on the recorded statements, Royce Opportunity Fund has an One Year Return of 20.2005%. This is 133.53% higher than that of the Royce family and significantly higher than that of the Small Value category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Other Information on Investing in Royce Mutual Fund
Royce Opportunity 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 Opportunity security.
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| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |