Principal Fds Money Fund Market Value
| PCSXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Principal |
Please note, there is a significant difference between Principal Fds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Fds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Fds' 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.
Principal Fds '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 Fds' money market 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 Fds.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Principal Fds on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Principal Fds Money or generate 0.0% return on investment in Principal Fds over 360 days. Principal Fds is related to or competes with Usaa Mutual. Principal Fds is entity of United States More
Principal Fds 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 Fds' money market 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 Fds Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 1.01 |
Principal Fds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Fds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Fds' standard deviation. In reality, there are many statistical measures that can use Principal Fds historical prices to predict the future Principal Fds' volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.4495 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Fds' 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 Fds Money Backtested Returns
At this stage we consider Principal Money Market Fund to be not too volatile. Principal Fds Money 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 sixteen technical indicators for Principal Fds Money, which you can use to evaluate the volatility of the fund. Please check Principal Fds' Coefficient Of Variation of 812.4, variance of 0.0155, and Risk Adjusted Performance of 0.0425 to confirm if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund holds a Beta of 0.0118, which implies not very significant fluctuations relative to the market. As returns on the market increase, Principal Fds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Fds is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Principal Fds Money has very good predictability. Overlapping area represents the amount of predictability between Principal Fds time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Fds Money price movement. The serial correlation of 0.8 indicates that around 80.0% of current Principal Fds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Principal Fds Money lagged returns against current returns
Autocorrelation, which is Principal Fds money market 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 Fds' money market fund expected returns. We can calculate the autocorrelation of Principal Fds returns to help us make a trade decision. For example, suppose you find that Principal Fds has exhibited high autocorrelation historically, and you observe that the money market 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 Fds 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 Fds money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Fds money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Fds money market fund over time.
Current vs Lagged Prices |
| Timeline |
Principal Fds Lagged Returns
When evaluating Principal Fds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Fds money market fund have on its future price. Principal Fds 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 Fds autocorrelation shows the relationship between Principal Fds money market fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Fds Money.
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 Money Market Fund
Principal Fds financial ratios help investors to determine whether Principal Money Market 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 Fds security.
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