Royce Opportunity Fund Price on April 18, 2024
| RYPNX Fund | USD 16.00 0.12 0.76% |
Below is the normalized historical share price chart for Royce Opportunity Fund extending back to December 16, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Royce Opportunity stands at 16.00, as last reported on the 3rd of June, with the highest price reaching 16.00 and the lowest price hitting 16.00 during the day.
If you're considering investing in Royce Mutual Fund, it is important to understand the factors that can impact its price. We consider Royce Opportunity very steady. Royce Opportunity maintains Sharpe Ratio (i.e., Efficiency) of 0.0826, which implies the entity had a 0.0826% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Royce Opportunity, which you can use to evaluate the volatility of the fund. Please check Royce Opportunity's Coefficient Of Variation of 1233.81, semi deviation of 1.04, and Risk Adjusted Performance of 0.0545 to confirm if the risk estimate we provide is consistent with the expected return of 0.0845%.
Royce Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Royce |
Sharpe Ratio = 0.0826
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Royce Opportunity is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Royce Opportunity by adding it to a well-diversified portfolio.
Royce Opportunity Valuation on April 18, 2024
It is possible to determine the worth of Royce Opportunity on a given historical date. On April 18, 2024 Royce was worth 14.54 at the beginning of the trading date compared to the closed value of 14.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Royce Opportunity mutual fund. Still, in general, we apply an absolute valuation method to find Royce Opportunity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Royce Opportunity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Royce Opportunity's related companies.
| Open | High | Low | Close | Volume | |
| 14.59 | 14.59 | 14.59 | 14.59 | 1.00 | |
04/18/2024 | 14.54 | 14.54 | 14.54 | 14.54 | 1.00 |
| 14.62 | 14.62 | 14.62 | 14.62 | 1.00 |
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Royce Opportunity Trading Date Momentum on April 18, 2024
| On April 19 2024 Royce Opportunity Fund was traded for 14.62 at the closing time. The highest daily price throughout the period was 14.62 and the lowest price was 14.62 . There was no trading activity during the period 1.0. Lack of trading volume on 04/19/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.55% . The trading delta at closing time to current closing price is 3.71% . |
Royce Opportunity Fundamentals Correlations and Trends
By evaluating Royce Opportunity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Royce Opportunity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Royce financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Royce Opportunity Mutual Fund history
Royce Opportunity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Royce is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Royce Opportunity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Royce Opportunity stock prices may prove useful in developing a viable investing in Royce Opportunity
The funds investment adviser invests the funds assets primarily in equity securities of small-cap companies in an attempt to take advantage of what the adviser believes are opportunistic situations for undervalued securities. It invests at least 80 percent of its net assets in securities of small-cap companies, under normal circumstances. It may invest in other investment companies that invest in equity securities.
Royce Opportunity Mutual Fund Technical Analysis
Royce Opportunity 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.
Price Boundaries
Royce Opportunity Period Price Range
Low | April 18, 2024
| High |
14.54 | 14.54 |
Royce Opportunity June 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Royce Opportunity mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Royce Opportunity shares will generate the highest return on investment. By undertsting and applying Royce Opportunity mutual fund market strength indicators, traders can identify Royce Opportunity Fund entry and exit signals to maximize returns
Royce Opportunity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Royce Opportunity's price direction in advance. Along with the technical and fundamental analysis of Royce Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Royce to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | 0.0152 | |||
| Sortino Ratio | 0.033 | |||
| Treynor Ratio | 0.0522 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Opportunity Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.