Rbc Bluebay Global Fund Market Value
RGHYX Fund | USD 9.68 0.01 0.10% |
Symbol | Rbc |
Rbc Bluebay '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 Rbc Bluebay'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 Rbc Bluebay.
04/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in Rbc Bluebay on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding Rbc Bluebay Global or generate 0.0% return on investment in Rbc Bluebay over 30 days. Rbc Bluebay is related to or competes with Vanguard High-yield, Blackrock, American Funds, American Funds, and American High. The fund normally invests at least 80 percent of its assets in fixed income securities andor investments that, at the ti... More
Rbc Bluebay 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 Rbc Bluebay'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 Rbc Bluebay Global upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.2453 | |||
Information Ratio | (0.36) | |||
Maximum Drawdown | 0.7305 | |||
Value At Risk | (0.31) | |||
Potential Upside | 0.3135 |
Rbc Bluebay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rbc Bluebay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rbc Bluebay's standard deviation. In reality, there are many statistical measures that can use Rbc Bluebay historical prices to predict the future Rbc Bluebay's volatility.Risk Adjusted Performance | 0.0137 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | (0.29) | |||
Treynor Ratio | 0.0062 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rbc Bluebay'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.
Rbc Bluebay Global Backtested Returns
We consider Rbc Bluebay very steady. Rbc Bluebay Global maintains Sharpe Ratio (i.e., Efficiency) of 0.0881, which implies the entity had a 0.0881% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rbc Bluebay Global, which you can use to evaluate the volatility of the fund. Please check Rbc Bluebay's Risk Adjusted Performance of 0.0137, semi deviation of 0.1475, and Coefficient Of Variation of 1772.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0169%. The fund holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rbc Bluebay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rbc Bluebay is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Rbc Bluebay Global has average predictability. Overlapping area represents the amount of predictability between Rbc Bluebay time series from 15th of April 2024 to 30th of April 2024 and 30th of April 2024 to 15th of May 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 Rbc Bluebay Global price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Rbc Bluebay price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.4 | |
Spearman Rank Test | 0.35 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Rbc Bluebay Global lagged returns against current returns
Autocorrelation, which is Rbc Bluebay 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 Rbc Bluebay's mutual fund expected returns. We can calculate the autocorrelation of Rbc Bluebay returns to help us make a trade decision. For example, suppose you find that Rbc Bluebay 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 |
Rbc Bluebay 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 Rbc Bluebay mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rbc Bluebay mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rbc Bluebay mutual fund over time.
Current vs Lagged Prices |
Timeline |
Rbc Bluebay Lagged Returns
When evaluating Rbc Bluebay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rbc Bluebay mutual fund have on its future price. Rbc Bluebay 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, Rbc Bluebay autocorrelation shows the relationship between Rbc Bluebay mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rbc Bluebay Global.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Rbc Bluebay Correlation, Rbc Bluebay Volatility and Rbc Bluebay Alpha and Beta module to complement your research on Rbc Bluebay. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Rbc Bluebay 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.