Nova Fund Class Fund Market Value
| RYANX Fund | USD 141.36 0.06 0.04% |
| Symbol | Nova |
Nova Fund '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 Nova Fund'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 Nova Fund.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Nova Fund on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Nova Fund Class or generate 0.0% return on investment in Nova Fund over 90 days. Nova Fund is related to or competes with Ab Municipal, Bbh Intermediate, Fidelity California, Gamco Global, Franklin Adjustable, and Ab Municipal. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Nova Fund 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 Nova Fund'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 Nova Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.1425 | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 3.05 |
Nova Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Fund's standard deviation. In reality, there are many statistical measures that can use Nova Fund historical prices to predict the future Nova Fund's volatility.| Risk Adjusted Performance | 0.2336 | |||
| Jensen Alpha | 0.3491 | |||
| Total Risk Alpha | 0.1312 | |||
| Sortino Ratio | 0.1505 | |||
| Treynor Ratio | (3.19) |
Nova Fund Class Backtested Returns
Nova Fund appears to be very steady, given 3 months investment horizon. Nova Fund Class has Sharpe Ratio of 0.33, which conveys that the entity had a 0.33 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nova Fund, which you can use to evaluate the volatility of the fund. Please exercise Nova Fund's Mean Deviation of 0.9802, downside deviation of 1.32, and Risk Adjusted Performance of 0.2336 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nova Fund are expected to decrease at a much lower rate. During the bear market, Nova Fund is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
Nova Fund Class has very good predictability. Overlapping area represents the amount of predictability between Nova Fund time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd 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 Nova Fund Class price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Nova Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 14.33 |
Nova Fund Class lagged returns against current returns
Autocorrelation, which is Nova Fund 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 Nova Fund's mutual fund expected returns. We can calculate the autocorrelation of Nova Fund returns to help us make a trade decision. For example, suppose you find that Nova Fund 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 |
Nova Fund 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 Nova Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nova Fund Lagged Returns
When evaluating Nova Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Fund mutual fund have on its future price. Nova Fund 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, Nova Fund autocorrelation shows the relationship between Nova Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nova Fund Class.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nova Mutual Fund
Nova Fund financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Fund security.
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