Rbc European Mid Cap Fund Market Value
| 0P00018PVY | CAD 13.47 0.04 0.30% |
| Symbol | RBC |
RBC European '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 RBC European's 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 RBC European.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in RBC European on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding RBC European Mid Cap or generate 0.0% return on investment in RBC European over 360 days. RBC European is related to or competes with RBC Mondial, RBC Global, RBC Sciences, RBC Global, RBC Dividend, and RBC Canadian. The fund invests primarily in equity securities of European mid-cap companies More
RBC European 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 RBC European's 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 RBC European Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.06 |
RBC European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC European's standard deviation. In reality, there are many statistical measures that can use RBC European historical prices to predict the future RBC European's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.93) |
RBC European Mid Backtested Returns
RBC European Mid retains Efficiency (Sharpe Ratio) of -0.0867, which implies the fund had a -0.0867% return per unit of risk over the last 3 months. RBC European exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RBC European's coefficient of variation of (1,097), and Market Risk Adjusted Performance of (0.92) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0812, which implies not very significant fluctuations relative to the market. As returns on the market increase, RBC European's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC European is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
RBC European Mid Cap has modest reverse predictability. Overlapping area represents the amount of predictability between RBC European time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 RBC European Mid price movement. The serial correlation of -0.49 indicates that about 49.0% of current RBC European price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
RBC European Mid lagged returns against current returns
Autocorrelation, which is RBC European 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 RBC European's fund expected returns. We can calculate the autocorrelation of RBC European returns to help us make a trade decision. For example, suppose you find that RBC European has exhibited high autocorrelation historically, and you observe that the 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 |
RBC European 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 RBC European fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC European fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC European fund over time.
Current vs Lagged Prices |
| Timeline |
RBC European Lagged Returns
When evaluating RBC European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC European fund have on its future price. RBC European 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, RBC European autocorrelation shows the relationship between RBC European fund current value and its past values and can show if there is a momentum factor associated with investing in RBC European Mid Cap.
Regressed Prices |
| Timeline |
Pair Trading with RBC European
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 RBC European 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 RBC European will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to RBC European could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC European 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 RBC European - 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 RBC European Mid Cap to buy it.
The correlation of RBC European 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 RBC European moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC European Mid 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 RBC European 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.Other Information on Investing in RBC Fund
RBC European financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC European security.
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