Principal Spectrum Preferred Etf Key Fundamental Indicators
| PREF Etf | USD 19.19 0.02 0.10% |
As of the 18th of February 2026, Principal Spectrum holds the Downside Deviation of 0.1868, standard deviation of 0.1567, and Risk Adjusted Performance of 0.0973. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Principal Spectrum, as well as the relationship between them. Please check Principal Spectrum jensen alpha, as well as the relationship between the potential upside and skewness to decide if Principal Spectrum is priced some-what accurately, providing market reflects its current price of 19.19 per share.
Principal Spectrum's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Principal Spectrum's valuation are provided below:Principal Spectrum Preferred does not presently have any trending fundamental ratios for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Principal | Build AI portfolio with Principal Etf |
Investors evaluate Principal Spectrum using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Principal Spectrum's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Principal Spectrum's market price to deviate significantly from intrinsic value.
It's important to distinguish between Principal Spectrum's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Principal Spectrum should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Principal Spectrum's market price signifies the transaction level at which participants voluntarily complete trades.
Principal Spectrum '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 Principal Spectrum's etf 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 Principal Spectrum.
| 11/20/2025 |
| 02/18/2026 |
If you would invest 0.00 in Principal Spectrum on November 20, 2025 and sell it all today you would earn a total of 0.00 from holding Principal Spectrum Preferred or generate 0.0% return on investment in Principal Spectrum over 90 days. Principal Spectrum is related to or competes with First Trust, Invesco Variable, Vanguard Total, Invesco DWA, Global X, IShares MSCI, and Kovitz Core. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Principal Spectrum 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 Principal Spectrum's etf 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 Principal Spectrum Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1868 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 0.6343 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.3153 |
Principal Spectrum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Spectrum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Spectrum's standard deviation. In reality, there are many statistical measures that can use Principal Spectrum historical prices to predict the future Principal Spectrum's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | 0.0087 | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (2.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Spectrum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Principal Spectrum February 18, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0973 | |||
| Market Risk Adjusted Performance | (2.32) | |||
| Mean Deviation | 0.1247 | |||
| Downside Deviation | 0.1868 | |||
| Coefficient Of Variation | 576.06 | |||
| Standard Deviation | 0.1567 | |||
| Variance | 0.0246 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | 0.0087 | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (2.33) | |||
| Maximum Drawdown | 0.6343 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.3153 | |||
| Downside Variance | 0.0349 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.14) | |||
| Skewness | (0.21) | |||
| Kurtosis | (0.40) |
Principal Spectrum Backtested Returns
At this point, Principal Spectrum is very steady. Principal Spectrum maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the entity had a 0.25 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Principal Spectrum, which you can use to evaluate the volatility of the etf. Please check Principal Spectrum's Risk Adjusted Performance of 0.0973, downside deviation of 0.1868, and Standard Deviation of 0.1567 to confirm if the risk estimate we provide is consistent with the expected return of 0.0376%. The etf holds a Beta of -0.0074, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Principal Spectrum are expected to decrease at a much lower rate. During the bear market, Principal Spectrum is likely to outperform the market.
Auto-correlation | 0.84 |
Very good predictability
Principal Spectrum Preferred has very good predictability. Overlapping area represents the amount of predictability between Principal Spectrum time series from 20th of November 2025 to 4th of January 2026 and 4th of January 2026 to 18th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Principal Spectrum price movement. The serial correlation of 0.84 indicates that around 84.0% of current Principal Spectrum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Principal Spectrum Preferred has a Beta of 0.46. This is much higher than that of the Principal Funds family and significantly higher than that of the Preferred Stock category. The beta for all United States etfs is notably lower than that of the firm.
Principal Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Principal Spectrum's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Principal Spectrum could also be used in its relative valuation, which is a method of valuing Principal Spectrum by comparing valuation metrics of similar companies.Principal Spectrum is currently under evaluation in beta as compared to similar ETFs.
Principal Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Principal Spectrum's current stock value. Our valuation model uses many indicators to compare Principal Spectrum value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Principal Spectrum competition to find correlations between indicators driving Principal Spectrum's intrinsic value. More Info.Principal Spectrum Preferred is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in one year return as compared to similar ETFs reporting about 16.74 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Principal Spectrum by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Fund Asset Allocation for Principal Spectrum
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds.Asset allocation divides Principal Spectrum's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors for a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will manage securities in the fund's portfolio as market conditions and the fund's objectives change.
As returns on the market increase, Principal Spectrum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Spectrum is expected to be smaller as well.
Principal Fundamentals
| Number Of Employees | 550 | |||
| Beta | 0.46 | |||
| Total Asset | 334.29 M | |||
| One Year Return | 7.70 % | |||
| Three Year Return | 7.90 % | |||
| Five Year Return | 3.10 % | |||
| Net Asset | 334.29 M | |||
| Last Dividend Paid | 0.41 | |||
| Bond Positions Weight | 15.55 % |
About Principal Spectrum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Principal Spectrum Preferred's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Principal Spectrum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Principal Spectrum Preferred based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
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Investors evaluate Principal Spectrum using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Principal Spectrum's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Principal Spectrum's market price to deviate significantly from intrinsic value.
It's important to distinguish between Principal Spectrum's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Principal Spectrum should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Principal Spectrum's market price signifies the transaction level at which participants voluntarily complete trades.