Nasdaq 100 2x Strategy Fund Market Value
| RYVLX Fund | USD 493.30 9.39 1.94% |
| Symbol | Nasdaq-100(r) |
Nasdaq-100(r) '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(r)'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(r).
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Nasdaq-100(r) on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nasdaq 100 2x Strategy or generate 0.0% return on investment in Nasdaq-100(r) over 90 days. Nasdaq-100(r) is related to or competes with Nasdaq-100(r), Nasdaq-100(r), Monthly Rebalance, Monthly Rebalance, Direxion Monthly, and Internet Ultrasector. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Nasdaq-100(r) 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(r)'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 2x Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.08 |
Nasdaq-100(r) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq-100(r)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq-100(r)'s standard deviation. In reality, there are many statistical measures that can use Nasdaq-100(r) historical prices to predict the future Nasdaq-100(r)'s volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0353 | |||
| Treynor Ratio | 0.0484 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nasdaq-100(r)'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 2x Backtested Returns
We consider Nasdaq-100(r) very steady. Nasdaq 100 2x has Sharpe Ratio of 0.0745, which conveys that the entity had a 0.0745% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nasdaq-100(r), which you can use to evaluate the volatility of the fund. Please verify Nasdaq-100(r)'s Mean Deviation of 1.52, downside deviation of 1.98, and Risk Adjusted Performance of 0.0424 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of 2.23, which conveys 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, Nasdaq-100(r) will likely underperform.
Auto-correlation | 0.16 |
Very weak predictability
Nasdaq 100 2x Strategy has very weak predictability. Overlapping area represents the amount of predictability between Nasdaq-100(r) time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Nasdaq 100 2x price movement. The serial correlation of 0.16 indicates that over 16.0% of current Nasdaq-100(r) price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 646.81 |
Nasdaq 100 2x lagged returns against current returns
Autocorrelation, which is Nasdaq-100(r) 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(r)'s mutual fund expected returns. We can calculate the autocorrelation of Nasdaq-100(r) returns to help us make a trade decision. For example, suppose you find that Nasdaq-100(r) 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(r) 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(r) mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq-100(r) 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(r) mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nasdaq-100(r) Lagged Returns
When evaluating Nasdaq-100(r)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq-100(r) mutual fund have on its future price. Nasdaq-100(r) 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(r) autocorrelation shows the relationship between Nasdaq-100(r) mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq 100 2x Strategy.
Regressed Prices |
| Timeline |
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Nasdaq-100(r) 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.