Rationalpier 88 Convertible Fund Market Value

PBXAX Fund  USD 11.57  0.05  0.43%   
Rational/pier's market value is the price at which a share of Rational/pier trades on a public exchange. It measures the collective expectations of Rationalpier 88 Convertible investors about its performance. Rational/pier is trading at 11.57 as of the 25th of November 2024; that is 0.43 percent up since the beginning of the trading day. The fund's open price was 11.52.
With this module, you can estimate the performance of a buy and hold strategy of Rationalpier 88 Convertible and determine expected loss or profit from investing in Rational/pier over a given investment horizon. Check out Rational/pier Correlation, Rational/pier Volatility and Rational/pier Alpha and Beta module to complement your research on Rational/pier.
Symbol

Please note, there is a significant difference between Rational/pier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rational/pier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rational/pier'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.

Rational/pier '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 Rational/pier'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 Rational/pier.
0.00
10/26/2024
No Change 0.00  0.0 
In 31 days
11/25/2024
0.00
If you would invest  0.00  in Rational/pier on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Rationalpier 88 Convertible or generate 0.0% return on investment in Rational/pier over 30 days. Rational/pier is related to or competes with Chartwell Small, Nationwide Small, Vanguard Small-cap, Ab Small, Massmutual Select, and Victory Integrity. Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80 percent of its net ... More

Rational/pier 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 Rational/pier'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 Rationalpier 88 Convertible upside and downside potential and time the market with a certain degree of confidence.

Rational/pier Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Rational/pier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rational/pier's standard deviation. In reality, there are many statistical measures that can use Rational/pier historical prices to predict the future Rational/pier's volatility.
Hype
Prediction
LowEstimatedHigh
11.1611.5711.98
Details
Intrinsic
Valuation
LowRealHigh
9.9810.3912.73
Details
Naive
Forecast
LowNextHigh
11.1411.5511.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.3211.4611.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Rational/pier. Your research has to be compared to or analyzed against Rational/pier's peers to derive any actionable benefits. When done correctly, Rational/pier's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Rationalpier 88 Conv.

Rationalpier 88 Conv Backtested Returns

At this stage we consider Rational/pier Mutual Fund to be very steady. Rationalpier 88 Conv maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rationalpier 88 Conv, which you can use to evaluate the volatility of the fund. Please check Rational/pier's Risk Adjusted Performance of 0.1875, downside deviation of 0.3745, and Standard Deviation of 0.4114 to confirm if the risk estimate we provide is consistent with the expected return of 0.0941%. The fund holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rational/pier's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rational/pier is expected to be smaller as well.

Auto-correlation

    
  0.78  

Good predictability

Rationalpier 88 Convertible has good predictability. Overlapping area represents the amount of predictability between Rational/pier time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Rationalpier 88 Conv price movement. The serial correlation of 0.78 indicates that around 78.0% of current Rational/pier price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.29
Residual Average0.0
Price Variance0.01

Rationalpier 88 Conv lagged returns against current returns

Autocorrelation, which is Rational/pier 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 Rational/pier's mutual fund expected returns. We can calculate the autocorrelation of Rational/pier returns to help us make a trade decision. For example, suppose you find that Rational/pier 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  

Rational/pier 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 Rational/pier mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rational/pier mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rational/pier mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Rational/pier Lagged Returns

When evaluating Rational/pier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rational/pier mutual fund have on its future price. Rational/pier 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, Rational/pier autocorrelation shows the relationship between Rational/pier mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rationalpier 88 Convertible.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Rational/pier Mutual Fund

Rational/pier financial ratios help investors to determine whether Rational/pier 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 Rational/pier with respect to the benefits of owning Rational/pier security.
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