A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
R squared correlation coefficient: measures the association between the UCITS and the reference benchmark. It is obliged to have a value of between -1 and 1. If it is positive it conveys the fact that there is a correlation between the UCITS and its benchmark. If it is negative it indicates that there is an inverse correlation. If it is close to 0, it indicates that there is little correlation and movements in the UCITS are mainly due to other influences. It therefore constitutes an essential complementary measure to beta and alpha. If the R-squared is low then the alpha and beta values are less important.
Ranking: a ranking is an analytical review that aims to compare UCITS of a given population according to quantitative criteria, such as the performance or the volatility, calculated for a period. The population studied is always divided into standard sub-groups (EuroPerformance categories) in order to compare UCITS having the same type of management. According to the criteria reviewed, a ranking (classification) is allocated to them.
Ratchet fund: describes an investment whose movement tracks that of a reference index that only locks in increases. Once a gain is recorded it is locked in and preserved until the maturity of the contract. It is not possible to subsequently unwind the preserved gain.
Rating: The rating is a method for the evaluation of the default risk of an issuer by an independent organisation (Rating agency). Certain money market UCITS’ may be subject to a rating. Repurchase price: is obtained by allocating the repurchase fee to the net asset value retained for the repurchase multiplied by the number of securities repurchased. It is established on the basis of the last (known) determined price or the next available (unknown) price (Refer: Repurchase fee, Last determined price, Next available price)
Risk-profiled funds: are diversified SICAVs or FCPs managed in accordance with the level of risk accepted by investors. EuroPerformance defines three different types of profile: prudent, balanced and dynamic.
Repurchase price: is obtained by allocating the repurchase fee to the net asset value retained for the repurchase multiplied by the number of securities repurchased. It is established on the basis of the last (known) determined price or the next available (unknown) price (Refer: Repurchase fee, Last determined price, Next available price)
Risk-profiled funds: are diversified SICAVs or FCPs managed in accordance with the level of risk accepted by investors. EuroPerformance defines three different types of profile: prudent, balanced and dynamic.
