Rainier International Discovery Fund Market Value

RAIIX Fund  USD 23.95  0.15  0.63%   
Rainier International's market value is the price at which a share of Rainier International trades on a public exchange. It measures the collective expectations of Rainier International Discovery investors about its performance. Rainier International is trading at 23.95 as of the 4th of December 2024; that is 0.63 percent increase since the beginning of the trading day. The fund's open price was 23.8.
With this module, you can estimate the performance of a buy and hold strategy of Rainier International Discovery and determine expected loss or profit from investing in Rainier International over a given investment horizon. Check out Rainier International Correlation, Rainier International Volatility and Rainier International Alpha and Beta module to complement your research on Rainier International.
Symbol

Please note, there is a significant difference between Rainier International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rainier International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rainier International'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.

Rainier International '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 Rainier International'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 Rainier International.
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 Rainier International on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Rainier International Discovery or generate 0.0% return on investment in Rainier International over 60 days. Rainier International is related to or competes with Lord Abbett, Fidelity Advisor, Sentinel Small, Adams Diversified, Blackrock, and Wasatch Small. The fund will invest primarily in equity securities of foreign developed and emerging market companies that are small- t... More

Rainier International 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 Rainier International'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 Rainier International Discovery upside and downside potential and time the market with a certain degree of confidence.

Rainier International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Rainier International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rainier International's standard deviation. In reality, there are many statistical measures that can use Rainier International historical prices to predict the future Rainier International's volatility.
Hype
Prediction
LowEstimatedHigh
23.2123.9524.69
Details
Intrinsic
Valuation
LowRealHigh
23.1823.9224.66
Details
Naive
Forecast
LowNextHigh
23.5524.2825.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.2223.5623.91
Details

Rainier International Backtested Returns

At this stage we consider Rainier Mutual Fund to be very steady. Rainier International maintains Sharpe Ratio (i.e., Efficiency) of 0.0223, which implies the entity had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Rainier International, which you can use to evaluate the volatility of the fund. Please check Rainier International's Variance of 0.5803, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,525) to confirm if the risk estimate we provide is consistent with the expected return of 0.0164%. The fund holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rainier International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rainier International is expected to be smaller as well.

Auto-correlation

    
  -0.2  

Insignificant reverse predictability

Rainier International Discovery has insignificant reverse predictability. Overlapping area represents the amount of predictability between Rainier International 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 Rainier International price movement. The serial correlation of -0.2 indicates that over 20.0% of current Rainier International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.2
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.08

Rainier International lagged returns against current returns

Autocorrelation, which is Rainier International 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 Rainier International's mutual fund expected returns. We can calculate the autocorrelation of Rainier International returns to help us make a trade decision. For example, suppose you find that Rainier International 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  

Rainier International 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 Rainier International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rainier International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rainier International mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Rainier International Lagged Returns

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

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Other Information on Investing in Rainier Mutual Fund

Rainier International financial ratios help investors to determine whether Rainier 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 Rainier with respect to the benefits of owning Rainier International security.
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