Pace Alternative Strategies Fund Price on May 14, 2024
| PASIX Fund | USD 11.47 0.01 0.09% |
Below is the normalized historical share price chart for Pace Alternative Strategies extending back to April 11, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Pace Alternative stands at 11.47, as last reported on the 27th of November, with the highest price reaching 11.47 and the lowest price hitting 11.47 during the day.
If you're considering investing in PACE Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider PACE Mutual Fund to be very steady. Pace Alternative Str maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Pace Alternative Str, which you can use to evaluate the volatility of the fund. Please check Pace Alternative's Downside Deviation of 0.225, standard deviation of 0.2439, and Risk Adjusted Performance of 0.0927 to confirm if the risk estimate we provide is consistent with the expected return of 0.0438%.
PACE Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
PACE |
Sharpe Ratio = 0.1772
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PASIX |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Pace Alternative is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pace Alternative by adding it to a well-diversified portfolio.
Pace Alternative Valuation on May 14, 2024
It is possible to determine the worth of Pace Alternative on a given historical date. On May 14, 2024 PACE was worth 11.02 at the beginning of the trading date compared to the closed value of 11.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pace Alternative mutual fund. Still, in general, we apply an absolute valuation method to find Pace Alternative's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Pace Alternative where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pace Alternative's related companies.
| Open | High | Low | Close | Volume | |
| 11.01 | 11.01 | 11.01 | 11.01 | 1.00 | |
05/14/2024 | 11.02 | 11.02 | 11.02 | 11.02 | 1.00 |
| 11.05 | 11.05 | 11.05 | 11.05 | 1.00 |
| Backtest Pace Alternative | | | Pace Alternative History | | | Pace Alternative Valuation | Previous | Next |
Pace Alternative Trading Date Momentum on May 14, 2024
| On May 15 2024 Pace Alternative Strategies was traded for 11.05 at the closing time. The highest daily price throughout the period was 11.05 and the lowest price was 11.05 . There was no trading activity during the period 1.0. Lack of trading volume on 05/15/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.27% . The trading delta at closing time to current closing price is 0.18% . |
Pace Alternative Str Fundamentals Correlations and Trends
By evaluating Pace Alternative's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Pace Alternative's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. PACE financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Pace Alternative Mutual Fund history
Pace Alternative investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for PACE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Pace Alternative Str will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Pace Alternative stock prices may prove useful in developing a viable investing in Pace Alternative
The fund invests in equity securities of U.S. and non-U.S. companies of various market capitalizations. It also invests in fixed income securities, which are not subject to any credit rating or maturity limitations, issued by companies and government and supranational entities around the world. The fund may invest in emerging as well as developed markets and may invest a significant portion of its assets in the securities of companies in particular economic sectors. It may also invest in the securities of other investment companies, including exchange-traded funds , and in structured securities.
Pace Alternative Mutual Fund Technical Analysis
Pace Alternative 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.
Price Boundaries
Pace Alternative Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Pace Alternative Strategies cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Pace Alternative November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Pace Alternative mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pace Alternative shares will generate the highest return on investment. By undertsting and applying Pace Alternative mutual fund market strength indicators, traders can identify Pace Alternative Strategies entry and exit signals to maximize returns
Pace Alternative Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pace Alternative's price direction in advance. Along with the technical and fundamental analysis of PACE Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of PACE to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0927 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | 0.4878 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in PACE Mutual Fund
Pace Alternative financial ratios help investors to determine whether PACE 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 PACE with respect to the benefits of owning Pace Alternative security.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |