Principal Capital Appreciation Fund Market Value
| CMNWX Fund | USD 85.53 0.54 0.63% |
| Symbol | Principal |
Principal Capital '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 Capital'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 Principal Capital.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Principal Capital on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Principal Capital Appreciation or generate 0.0% return on investment in Principal Capital over 450 days. Principal Capital is related to or competes with Equity Income, Diversified International, Strategic Asset, Income Fund, and Strategic Asset. The fund invests primarily in equity securities of companies with any market capitalization, but it has a greater exposu... More
Principal Capital 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 Capital'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 Principal Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8344 | |||
| Information Ratio | (0.0007) | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.1 |
Principal Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Capital's standard deviation. In reality, there are many statistical measures that can use Principal Capital historical prices to predict the future Principal Capital's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 0.014 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | 0.1364 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Capital'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 Capital Backtested Returns
At this stage we consider Principal Mutual Fund to be very steady. Principal Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Principal Capital, which you can use to evaluate the volatility of the fund. Please check Principal Capital's Semi Deviation of 0.6115, coefficient of variation of 602.92, and Risk Adjusted Performance of 0.127 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.88, which implies possible diversification benefits within a given portfolio. Principal Capital returns are very sensitive to returns on the market. As the market goes up or down, Principal Capital is expected to follow.
Auto-correlation | 0.84 |
Very good predictability
Principal Capital Appreciation has very good predictability. Overlapping area represents the amount of predictability between Principal Capital time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th of November 2024. 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 Capital price movement. The serial correlation of 0.84 indicates that around 84.0% of current Principal Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 13.7 |
Principal Capital lagged returns against current returns
Autocorrelation, which is Principal Capital 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 Principal Capital's mutual fund expected returns. We can calculate the autocorrelation of Principal Capital returns to help us make a trade decision. For example, suppose you find that Principal Capital 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 |
Principal Capital 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 Principal Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Principal Capital Lagged Returns
When evaluating Principal Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Capital mutual fund have on its future price. Principal Capital 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, Principal Capital autocorrelation shows the relationship between Principal Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Capital Appreciation.
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 Principal Mutual Fund
Principal Capital financial ratios help investors to determine whether Principal 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 Principal with respect to the benefits of owning Principal Capital security.
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