Principal Spectrum Preferred Etf Price on January 3, 2024
| PREF Etf | USD 18.73 0.01 0.05% |
Below is the normalized historical share price chart for Principal Spectrum Preferred extending back to July 11, 2017. 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 Principal Spectrum stands at 18.73, as last reported on the 26th of November, with the highest price reaching 18.77 and the lowest price hitting 18.70 during the day.
If you're considering investing in Principal Etf, it is important to understand the factors that can impact its price. At this point, Principal Spectrum is very steady. Principal Spectrum maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Principal Spectrum, which you can use to evaluate the volatility of the etf. Please check Principal Spectrum's Downside Deviation of 0.1619, risk adjusted performance of 0.125, and Standard Deviation of 0.1739 to confirm if the risk estimate we provide is consistent with the expected return of 0.0339%.
Principal Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 8.34 | 200 Day MA 18.3101 | 1 y Volatility 5.02 | 50 Day MA 18.7243 | Inception Date 2017-07-10 |
Principal |
Sharpe Ratio = 0.1951
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PREF |
Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Principal Spectrum is performing at about 15% 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 Principal Spectrum by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Principal Spectrum Valuation on January 3, 2024
It is possible to determine the worth of Principal Spectrum on a given historical date. On January 3, 2024 Principal was worth 16.82 at the beginning of the trading date compared to the closed value of 16.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Principal Spectrum etf. Still, in general, we apply an absolute valuation method to find Principal Spectrum'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 Principal Spectrum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Principal Spectrum's related companies.
| Open | High | Low | Close | Volume | |
| 16.86 | 16.86 | 16.74 | 16.81 | 147,270 | |
01/03/2024 | 16.82 | 16.82 | 16.76 | 16.78 | 656,780 |
| 16.78 | 16.80 | 16.74 | 16.74 | 581,752 |
| Backtest Principal Spectrum | | | Principal Spectrum History | | | Principal Spectrum Valuation | Previous | Next |
Principal Spectrum Trading Date Momentum on January 3, 2024
| On January 04 2024 Principal Spectrum Preferred was traded for 16.74 at the closing time. The top price for the day was 16.80 and the lowest listed price was 16.74 . The trading volume for the day was 581.8 K. The trading history from January 4, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.24% . The trading delta at closing time against the current closing price is 1.19% . |
Principal Spectrum Fundamentals Correlations and Trends
By evaluating Principal Spectrum'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 Principal Spectrum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Principal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Principal Spectrum Etf history
Principal Spectrum 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 Principal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Principal Spectrum 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 Principal Spectrum stock prices may prove useful in developing a viable investing in Principal Spectrum
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Principal Spectrum is traded on NYSEARCA Exchange in the United States.
Principal Spectrum Etf Technical Analysis
Principal Spectrum technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
Principal Spectrum Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Principal Spectrum Preferred cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Principal Spectrum November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Principal Spectrum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Principal Spectrum shares will generate the highest return on investment. By undertsting and applying Principal Spectrum etf market strength indicators, traders can identify Principal Spectrum Preferred entry and exit signals to maximize returns
Principal Spectrum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Principal Spectrum's price direction in advance. Along with the technical and fundamental analysis of Principal Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Principal 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 | 0.125 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.0008) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 0.2873 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Principal Spectrum Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of Principal Spectrum is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Spectrum's value that differs from its market value or its book value, called intrinsic value, which is Principal Spectrum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Spectrum's market value can be influenced by many factors that don't directly affect Principal Spectrum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Spectrum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Spectrum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Spectrum'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.