Nasdaq 100 Fund Class Fund Market Value
| RYHOX Fund | USD 65.47 0.21 0.32% |
| Symbol | Nasdaq-100 |
Nasdaq-100 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 Nasdaq-100 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 Nasdaq-100 Fund.
| 06/29/2023 |
| 04/24/2024 |
If you would invest 0.00 in Nasdaq-100 Fund on June 29, 2023 and sell it all today you would earn a total of 0.00 from holding Nasdaq 100 Fund Class or generate 0.0% return on investment in Nasdaq-100 Fund over 300 days. Nasdaq-100 Fund is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Nasdaq-100 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 Nasdaq-100 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 Nasdaq 100 Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.56 |
Nasdaq-100 Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq-100 Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq-100 Fund's standard deviation. In reality, there are many statistical measures that can use Nasdaq-100 Fund historical prices to predict the future Nasdaq-100 Fund's volatility.| Risk Adjusted Performance | 0.0139 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.006 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nasdaq-100 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.
Nasdaq 100 Fund Backtested Returns
We consider Nasdaq-100 Fund very steady. Nasdaq 100 Fund has Sharpe Ratio of 0.0039, which conveys that the entity had a 0.0039% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nasdaq-100 Fund, which you can use to evaluate the volatility of the fund. Please verify Nasdaq-100 Fund's Risk Adjusted Performance of 0.0139, downside deviation of 1.04, and Mean Deviation of 0.8191 to check out if the risk estimate we provide is consistent with the expected return of 0.0041%. The fund secures a Beta (Market Risk) of 1.09, which conveys a somewhat significant risk relative to the market. Nasdaq-100 Fund returns are very sensitive to returns on the market. As the market goes up or down, Nasdaq-100 Fund is expected to follow.
Auto-correlation | -0.43 |
Modest reverse predictability
Nasdaq 100 Fund Class has modest reverse predictability. Overlapping area represents the amount of predictability between Nasdaq-100 Fund time series from 29th of June 2023 to 26th of November 2023 and 26th of November 2023 to 24th of April 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 Nasdaq 100 Fund price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Nasdaq-100 Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 7.5 |
Nasdaq 100 Fund lagged returns against current returns
Autocorrelation, which is Nasdaq-100 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 Nasdaq-100 Fund's mutual fund expected returns. We can calculate the autocorrelation of Nasdaq-100 Fund returns to help us make a trade decision. For example, suppose you find that Nasdaq-100 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 |
Nasdaq-100 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 Nasdaq-100 Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq-100 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 Nasdaq-100 Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nasdaq-100 Fund Lagged Returns
When evaluating Nasdaq-100 Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq-100 Fund mutual fund have on its future price. Nasdaq-100 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, Nasdaq-100 Fund autocorrelation shows the relationship between Nasdaq-100 Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq 100 Fund Class.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nasdaq-100 Fund in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nasdaq-100 Fund's short interest history, or implied volatility extrapolated from Nasdaq-100 Fund options trading.
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Check out Nasdaq-100 Fund Correlation, Nasdaq-100 Fund Volatility and Nasdaq-100 Fund Alpha and Beta module to complement your research on Nasdaq-100 Fund. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Nasdaq-100 Fund technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.