Rydex Sers Fds Fund Market Value
| RYILX Fund | USD 48.54 0.09 0.19% |
| Symbol | Rydex |
Rydex Sers '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 Rydex Sers' 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 Rydex Sers.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Rydex Sers on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Rydex Sers Fds or generate 0.0% return on investment in Rydex Sers over 30 days. Rydex Sers is related to or competes with Basic Materials, Basic Materials, Banking Fund, Basic Materials, Sp Midcap, Basic Materials, and Biotechnology Fund. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus any borrowings for investme... More
Rydex Sers 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 Rydex Sers' 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 Rydex Sers Fds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.276 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.5261 |
Rydex Sers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rydex Sers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rydex Sers' standard deviation. In reality, there are many statistical measures that can use Rydex Sers historical prices to predict the future Rydex Sers' volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.0365 | |||
| Total Risk Alpha | 0.0175 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.63) |
Rydex Sers Fds Backtested Returns
At this stage we consider Rydex Mutual Fund to be very steady. Rydex Sers Fds maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rydex Sers Fds, which you can use to evaluate the volatility of the fund. Please check Rydex Sers' Coefficient Of Variation of 693.92, risk adjusted performance of 0.0985, and Semi Deviation of 0.1016 to confirm if the risk estimate we provide is consistent with the expected return of 0.0442%. The fund holds a Beta of -0.0545, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rydex Sers are expected to decrease at a much lower rate. During the bear market, Rydex Sers is likely to outperform the market.
Auto-correlation | -0.54 |
Good reverse predictability
Rydex Sers Fds has good reverse predictability. Overlapping area represents the amount of predictability between Rydex Sers time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Rydex Sers Fds price movement. The serial correlation of -0.54 indicates that about 54.0% of current Rydex Sers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Rydex Sers Fds lagged returns against current returns
Autocorrelation, which is Rydex Sers 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 Rydex Sers' mutual fund expected returns. We can calculate the autocorrelation of Rydex Sers returns to help us make a trade decision. For example, suppose you find that Rydex Sers 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 |
Rydex Sers 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 Rydex Sers mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rydex Sers mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rydex Sers mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rydex Sers Lagged Returns
When evaluating Rydex Sers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rydex Sers mutual fund have on its future price. Rydex Sers 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, Rydex Sers autocorrelation shows the relationship between Rydex Sers mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rydex Sers Fds.
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 Rydex Mutual Fund
Rydex Sers financial ratios help investors to determine whether Rydex 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 Rydex with respect to the benefits of owning Rydex Sers security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |