Pace Smallmedium Growth Fund Market Value
| PCSGX Fund | USD 16.54 0.27 1.66% |
| Symbol | Pace |
Pace Small/medium '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 Pace Small/medium'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 Pace Small/medium.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Pace Small/medium on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Pace Smallmedium Growth or generate 0.0% return on investment in Pace Small/medium over 420 days. Pace Small/medium is related to or competes with Janus Global, Blackrock Science, Fidelity Advisor, Red Oak, Allianzgi Technology, Biotechnology Ultrasector, and Dreyfus Technology. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities issued by smallm... More
Pace Small/medium 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 Pace Small/medium'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 Pace Smallmedium Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0559 | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 2.01 |
Pace Small/medium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Small/medium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Small/medium's standard deviation. In reality, there are many statistical measures that can use Pace Small/medium historical prices to predict the future Pace Small/medium's volatility.| Risk Adjusted Performance | 0.1148 | |||
| Jensen Alpha | 0.0276 | |||
| Total Risk Alpha | 0.0086 | |||
| Sortino Ratio | 0.0608 | |||
| Treynor Ratio | 0.1191 |
Pace Smallmedium Growth Backtested Returns
At this stage we consider Pace Mutual Fund to be very steady. Pace Smallmedium Growth maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pace Smallmedium Growth, which you can use to evaluate the volatility of the fund. Please check Pace Small/medium's Risk Adjusted Performance of 0.1148, semi deviation of 0.9363, and Coefficient Of Variation of 686.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The fund holds a Beta of 1.41, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pace Small/medium will likely underperform.
Auto-correlation | 0.54 |
Modest predictability
Pace Smallmedium Growth has modest predictability. Overlapping area represents the amount of predictability between Pace Small/medium time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 Pace Smallmedium Growth price movement. The serial correlation of 0.54 indicates that about 54.0% of current Pace Small/medium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Pace Smallmedium Growth lagged returns against current returns
Autocorrelation, which is Pace Small/medium 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 Pace Small/medium's mutual fund expected returns. We can calculate the autocorrelation of Pace Small/medium returns to help us make a trade decision. For example, suppose you find that Pace Small/medium 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 |
Pace Small/medium 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 Pace Small/medium mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Small/medium mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Small/medium mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Small/medium Lagged Returns
When evaluating Pace Small/medium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Small/medium mutual fund have on its future price. Pace Small/medium 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, Pace Small/medium autocorrelation shows the relationship between Pace Small/medium mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Smallmedium Growth.
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 Pace Mutual Fund
Pace Small/medium financial ratios help investors to determine whether Pace 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 Pace with respect to the benefits of owning Pace Small/medium security.
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