Riverparknext Century Gr Fund Market Value
| RPNIX Fund | 11.61 0.11 0.94% |
| Symbol | Riverparknext |
Riverparknext Century '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 Riverparknext Century'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 Riverparknext Century.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Riverparknext Century on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Riverparknext Century Gr or generate 0.0% return on investment in Riverparknext Century over 30 days. Riverparknext Century is related to or competes with Riverpark Short, Riverpark Short, Riverparknext Century, Riverparknext Century, Riverparknext Century, and Riverpark Large. The fund, under normal market conditions, invests at least 80 percent of its net assets, plus any borrowings for investm... More
Riverparknext Century 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 Riverparknext Century'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 Riverparknext Century Gr upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 2.39 |
Riverparknext Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverparknext Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverparknext Century's standard deviation. In reality, there are many statistical measures that can use Riverparknext Century historical prices to predict the future Riverparknext Century's volatility.| Risk Adjusted Performance | 0.1527 | |||
| Jensen Alpha | 0.1065 | |||
| Total Risk Alpha | 0.0713 | |||
| Sortino Ratio | 0.141 | |||
| Treynor Ratio | 0.178 |
Riverparknext Century Backtested Returns
Riverparknext Century appears to be very steady, given 3 months investment horizon. Riverparknext Century maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Riverparknext Century, which you can use to evaluate the volatility of the fund. Please evaluate Riverparknext Century's Coefficient Of Variation of 489.34, risk adjusted performance of 0.1527, and Semi Deviation of 0.7109 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.4, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Riverparknext Century will likely underperform.
Auto-correlation | -0.85 |
Excellent reverse predictability
Riverparknext Century Gr has excellent reverse predictability. Overlapping area represents the amount of predictability between Riverparknext Century time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Riverparknext Century price movement. The serial correlation of -0.85 indicates that around 85.0% of current Riverparknext Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Riverparknext Century lagged returns against current returns
Autocorrelation, which is Riverparknext Century 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 Riverparknext Century's mutual fund expected returns. We can calculate the autocorrelation of Riverparknext Century returns to help us make a trade decision. For example, suppose you find that Riverparknext Century 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 |
Riverparknext Century 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 Riverparknext Century mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverparknext Century mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverparknext Century mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Riverparknext Century Lagged Returns
When evaluating Riverparknext Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverparknext Century mutual fund have on its future price. Riverparknext Century 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, Riverparknext Century autocorrelation shows the relationship between Riverparknext Century mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverparknext Century Gr.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Riverparknext Mutual Fund
Riverparknext Century financial ratios help investors to determine whether Riverparknext 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 Riverparknext with respect to the benefits of owning Riverparknext Century security.
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