Rbc Vision Global Fund Market Value
| RBF653 Fund | 25.78 0.05 0.19% |
| Symbol | RBC |
Please note, there is a significant difference between RBC Vision's value and its price as these two are different measures arrived at by different means. Investors typically determine if RBC Vision is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RBC Vision'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.
RBC Vision '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 Vision'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 Vision.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in RBC Vision on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding RBC Vision Global or generate 0.0% return on investment in RBC Vision over 30 days. RBC Vision is related to or competes with RBC Select, PIMCO Monthly, RBC Portefeuille, Edgepoint Global, TD Comfort, and RBC Global. RBC Vision is entity of Canada. It is traded as Fund on TO exchange. More
RBC Vision 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 Vision'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 Vision Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.3 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.06 |
RBC Vision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Vision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Vision's standard deviation. In reality, there are many statistical measures that can use RBC Vision historical prices to predict the future RBC Vision's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.13) |
RBC Vision Global Backtested Returns
RBC Vision Global retains Efficiency (Sharpe Ratio) of -0.0182, which implies the fund had a -0.0182% return per unit of risk over the last 3 months. RBC Vision exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RBC Vision's market risk adjusted performance of (0.12), and Coefficient Of Variation of (4,009) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RBC Vision's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Vision is expected to be smaller as well.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
RBC Vision Global has almost perfect reverse predictability. Overlapping area represents the amount of predictability between RBC Vision time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Vision Global price movement. The serial correlation of -0.8 indicates that around 80.0% of current RBC Vision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
RBC Vision Global lagged returns against current returns
Autocorrelation, which is RBC Vision 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 Vision's fund expected returns. We can calculate the autocorrelation of RBC Vision returns to help us make a trade decision. For example, suppose you find that RBC Vision 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 Vision 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 Vision fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Vision fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Vision fund over time.
Current vs Lagged Prices |
| Timeline |
RBC Vision Lagged Returns
When evaluating RBC Vision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Vision fund have on its future price. RBC Vision 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 Vision autocorrelation shows the relationship between RBC Vision fund current value and its past values and can show if there is a momentum factor associated with investing in RBC Vision Global.
Regressed Prices |
| Timeline |
Pair Trading with RBC Vision
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 Vision 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 Vision will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Fund
| 0.84 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.85 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.87 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.82 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
Moving against RBC Fund
| 0.42 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
The ability to find closely correlated positions to RBC Vision 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 Vision 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 Vision - 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 Vision Global to buy it.
The correlation of RBC Vision 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 Vision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Vision Global 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 Vision 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 Vision 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 Vision security.
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