Royce Micro Cap Fund Market Value

RMCFX Fund  USD 11.20  0.20  1.82%   
Royce Micro-cap's market value is the price at which a share of Royce Micro-cap trades on a public exchange. It measures the collective expectations of Royce Micro Cap Fund investors about its performance. Royce Micro-cap is trading at 11.20 as of the 24th of July 2025; that is 1.82 percent up since the beginning of the trading day. The fund's open price was 11.0.
With this module, you can estimate the performance of a buy and hold strategy of Royce Micro Cap Fund and determine expected loss or profit from investing in Royce Micro-cap over a given investment horizon. Check out Royce Micro-cap Correlation, Royce Micro-cap Volatility and Royce Micro-cap Alpha and Beta module to complement your research on Royce Micro-cap.
For more information on how to buy Royce Mutual Fund please use our How to Invest in Royce Micro-cap guide.
Symbol

Please note, there is a significant difference between Royce Micro-cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royce Micro-cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Micro-cap's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
04/25/2025
No Change 0.00  0.0 
In 2 months and 31 days
07/24/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
9.9311.2012.47
Details
Intrinsic
Valuation
LowRealHigh
10.6111.8813.15
Details
Naive
Forecast
LowNextHigh
9.6610.9312.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.1310.7511.37
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Royce Micro-cap. Your research has to be compared to or analyzed against Royce Micro-cap's peers to derive any actionable benefits. When done correctly, Royce Micro-cap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Royce Micro Cap.

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 Coefficient0.85
Spearman Rank Test0.74
Residual Average0.0
Price Variance0.13

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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