Royce Micro Cap Fund Market Value
| RMCFX Fund | USD 11.20 0.20 1.82% |
| Symbol | Royce |
Royce Micro-cap '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 Royce Micro-cap'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 Royce Micro-cap.
| 04/25/2025 |
| 07/24/2025 |
If you would invest 0.00 in Royce Micro-cap on April 25, 2025 and sell it all today you would earn a total of 0.00 from holding Royce Micro Cap Fund or generate 0.0% return on investment in Royce Micro-cap over 90 days. Royce Micro-cap is related to or competes with Royce Micro, Royce Micro-cap, Royce Opportunity, Federated Clover, and Jpmorgan Intrepid. The fund invests the funds assets primarily in equity securities of micro-cap companies More
Royce Micro-cap 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 Royce Micro-cap'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 Royce Micro Cap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.1477 | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.73 |
Royce Micro-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Micro-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Micro-cap's standard deviation. In reality, there are many statistical measures that can use Royce Micro-cap historical prices to predict the future Royce Micro-cap's volatility.| Risk Adjusted Performance | 0.2797 | |||
| Jensen Alpha | 0.1491 | |||
| Total Risk Alpha | 0.0951 | |||
| Sortino Ratio | 0.1685 | |||
| Treynor Ratio | 0.3274 |
Royce Micro Cap Backtested Returns
Royce Micro-cap appears to be very steady, given 3 months investment horizon. Royce Micro Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the entity had a 0.28 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Royce Micro Cap, which you can use to evaluate the volatility of the fund. Please evaluate Royce Micro-cap's Risk Adjusted Performance of 0.2797, semi deviation of 0.6218, and Coefficient Of Variation of 321.99 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.23, which implies 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, Royce Micro-cap will likely underperform.
Auto-correlation | 0.85 |
Very good predictability
Royce Micro Cap Fund has very good predictability. Overlapping area represents the amount of predictability between Royce Micro-cap time series from 25th of April 2025 to 9th of June 2025 and 9th of June 2025 to 24th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Royce Micro Cap price movement. The serial correlation of 0.85 indicates that around 85.0% of current Royce Micro-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Royce Micro Cap lagged returns against current returns
Autocorrelation, which is Royce Micro-cap 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 Royce Micro-cap's mutual fund expected returns. We can calculate the autocorrelation of Royce Micro-cap returns to help us make a trade decision. For example, suppose you find that Royce Micro-cap 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 |
Royce Micro-cap 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 Royce Micro-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Micro-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Micro-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Micro-cap Lagged Returns
When evaluating Royce Micro-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Micro-cap mutual fund have on its future price. Royce Micro-cap 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, Royce Micro-cap autocorrelation shows the relationship between Royce Micro-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Micro Cap Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Royce Mutual Fund
Royce Micro-cap financial ratios help investors to determine whether Royce 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 Royce with respect to the benefits of owning Royce Micro-cap security.
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