Principal Midcap Value Fund Market Value
| PCMVX Fund | USD 19.57 0.04 0.20% |
| Symbol | Principal |
Principal Midcap '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 Midcap'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 Midcap.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Principal Midcap on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Midcap Value or generate 0.0% return on investment in Principal Midcap over 30 days. Principal Midcap is related to or competes with Vy Goldman, First Eagle, Franklin Gold, James Balanced:, Gabelli Gold, and The Gold. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Principal Midcap 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 Midcap'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 Midcap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6241 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.16 |
Principal Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Midcap's standard deviation. In reality, there are many statistical measures that can use Principal Midcap historical prices to predict the future Principal Midcap's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 0.079 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 1.17 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Midcap'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 Midcap Value Backtested Returns
At this stage we consider Principal Mutual Fund to be very steady. Principal Midcap Value maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Principal Midcap Value, which you can use to evaluate the volatility of the fund. Please check Principal Midcap's Risk Adjusted Performance of 0.104, semi deviation of 0.5144, and Coefficient Of Variation of 732.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0919%. The fund holds a Beta of 0.0749, which implies not very significant fluctuations relative to the market. As returns on the market increase, Principal Midcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Midcap is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Principal Midcap Value has excellent predictability. Overlapping area represents the amount of predictability between Principal Midcap time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Midcap Value price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Principal Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Principal Midcap Value lagged returns against current returns
Autocorrelation, which is Principal Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Principal Midcap returns to help us make a trade decision. For example, suppose you find that Principal Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Principal Midcap Lagged Returns
When evaluating Principal Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Midcap mutual fund have on its future price. Principal Midcap 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 Midcap autocorrelation shows the relationship between Principal Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Midcap Value.
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 Midcap 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 Midcap security.
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