Leisure Fund Class Fund Market Value
| RYLCX Fund | USD 72.98 0.09 0.12% |
| Symbol | Leisure |
Leisure Fund '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 Leisure Fund'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 Leisure Fund.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Leisure Fund on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Leisure Fund Class or generate 0.0% return on investment in Leisure Fund over 570 days. Leisure Fund is related to or competes with Basic Materials, Retailing Fund, Financial Services, Health Care, and Energy Fund. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Leisure Compani... More
Leisure Fund 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 Leisure Fund'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 Leisure Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6433 | |||
| Information Ratio | 0.1238 | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.35 |
Leisure Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leisure Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leisure Fund's standard deviation. In reality, there are many statistical measures that can use Leisure Fund historical prices to predict the future Leisure Fund's volatility.| Risk Adjusted Performance | 0.2258 | |||
| Jensen Alpha | 0.1169 | |||
| Total Risk Alpha | 0.0958 | |||
| Sortino Ratio | 0.1406 | |||
| Treynor Ratio | 0.2672 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leisure Fund's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Leisure Fund Class Backtested Returns
Leisure Fund appears to be very steady, given 3 months investment horizon. Leisure Fund Class has Sharpe Ratio of 0.36, which conveys that the entity had a 0.36% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Leisure Fund, which you can use to evaluate the volatility of the fund. Please exercise Leisure Fund's Downside Deviation of 0.6433, risk adjusted performance of 0.2258, and Mean Deviation of 0.5783 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Leisure Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leisure Fund is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Leisure Fund Class has modest predictability. Overlapping area represents the amount of predictability between Leisure Fund time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Leisure Fund Class price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Leisure Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 11.72 |
Leisure Fund Class lagged returns against current returns
Autocorrelation, which is Leisure Fund 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 Leisure Fund's mutual fund expected returns. We can calculate the autocorrelation of Leisure Fund returns to help us make a trade decision. For example, suppose you find that Leisure Fund 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 |
Leisure Fund 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 Leisure Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leisure Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leisure Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Leisure Fund Lagged Returns
When evaluating Leisure Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leisure Fund mutual fund have on its future price. Leisure Fund 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, Leisure Fund autocorrelation shows the relationship between Leisure Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Leisure Fund Class.
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 Leisure Mutual Fund
Leisure Fund financial ratios help investors to determine whether Leisure 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 Leisure with respect to the benefits of owning Leisure Fund security.
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