Rationalpier 88 Convertible Fund Market Value
| PBXAX Fund | USD 11.57 0.05 0.43% |
| Symbol | Rational/pier |
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.
| 10/26/2024 |
| 11/25/2024 |
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.
| Downside Deviation | 0.3745 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.86 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.7874 |
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.| Risk Adjusted Performance | 0.1875 | |||
| Jensen Alpha | 0.0429 | |||
| Total Risk Alpha | 0.0304 | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.2199 |
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 Standard Deviation of 0.4114, risk adjusted performance of 0.1875, and Downside Deviation of 0.3745 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 Coefficient | 0.78 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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 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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