Sp Smallcap 600 Fund Market Value

RYWAX Fund  USD 54.53  6.23  10.25%   
Sp Smallcap's market value is the price at which a share of Sp Smallcap trades on a public exchange. It measures the collective expectations of Sp Smallcap 600 investors about its performance. Sp Smallcap is trading at 54.53 as of the 13th of December 2024; that is 10.25 percent decrease since the beginning of the trading day. The fund's open price was 60.76.
With this module, you can estimate the performance of a buy and hold strategy of Sp Smallcap 600 and determine expected loss or profit from investing in Sp Smallcap over a given investment horizon. Check out Sp Smallcap Correlation, Sp Smallcap Volatility and Sp Smallcap Alpha and Beta module to complement your research on Sp Smallcap.
Symbol

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

Sp Smallcap '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 Sp Smallcap'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 Sp Smallcap.
0.00
11/13/2024
No Change 0.00  0.0 
In 31 days
12/13/2024
0.00
If you would invest  0.00  in Sp Smallcap on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Sp Smallcap 600 or generate 0.0% return on investment in Sp Smallcap over 30 days. Sp Smallcap is related to or competes with Sp 500, Sp Midcap, Sp Smallcap, Sp 500, and Sp Midcap. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in securities of co... More

Sp Smallcap 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 Sp Smallcap'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 Sp Smallcap 600 upside and downside potential and time the market with a certain degree of confidence.

Sp Smallcap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sp Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sp Smallcap's standard deviation. In reality, there are many statistical measures that can use Sp Smallcap historical prices to predict the future Sp Smallcap's volatility.
Hype
Prediction
LowEstimatedHigh
52.7254.5356.34
Details
Intrinsic
Valuation
LowRealHigh
53.7455.5557.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sp Smallcap. Your research has to be compared to or analyzed against Sp Smallcap's peers to derive any actionable benefits. When done correctly, Sp Smallcap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sp Smallcap 600.

Sp Smallcap 600 Backtested Returns

Sp Smallcap 600 retains Efficiency (Sharpe Ratio) of -0.0201, which indicates the fund had a -0.0201% return per unit of price deviation over the last 3 months. Sp Smallcap exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sp Smallcap's Downside Deviation of 0.9357, risk adjusted performance of 0.1107, and Mean Deviation of 0.9153 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 1.49, which indicates 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, Sp Smallcap will likely underperform.

Auto-correlation

    
  -0.57  

Good reverse predictability

Sp Smallcap 600 has good reverse predictability. Overlapping area represents the amount of predictability between Sp Smallcap 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 Sp Smallcap 600 price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Sp Smallcap price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.48
Residual Average0.0
Price Variance4.86

Sp Smallcap 600 lagged returns against current returns

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

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

Sp Smallcap Lagged Returns

When evaluating Sp Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sp Smallcap mutual fund have on its future price. Sp Smallcap 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, Sp Smallcap autocorrelation shows the relationship between Sp Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sp Smallcap 600.
   Regressed Prices   
       Timeline  

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Other Information on Investing in RYWAX Mutual Fund

Sp Smallcap financial ratios help investors to determine whether RYWAX 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 RYWAX with respect to the benefits of owning Sp Smallcap security.
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