Gnma Fund Institutional Fund Market Value
| PDMIX Fund | USD 9.26 0.01 0.11% |
| Symbol | Gnma |
Gnma Fund '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 Gnma Fund'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 Gnma Fund.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Gnma Fund on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Gnma Fund Institutional or generate 0.0% return on investment in Gnma Fund over 180 days. Gnma Fund is related to or competes with Touchstone Ultra, Vanguard Institutional, Guggenheim Long, Maryland Short-term, Short-intermediate, Rbc Short, and Ultra-short Fixed. The fund normally invests at least 80 percent of its assets in a diversified portfolio of securities of varying maturiti... More
Gnma Fund 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 Gnma Fund'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 Gnma Fund Institutional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3247 |
Gnma Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gnma Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gnma Fund's standard deviation. In reality, there are many statistical measures that can use Gnma Fund historical prices to predict the future Gnma Fund's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.47 |
Gnma Fund Institutional Backtested Returns
Gnma Fund Institutional holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Gnma Fund Institutional exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gnma Fund's Standard Deviation of 0.2741, risk adjusted performance of (0.09), and Market Risk Adjusted Performance of 1.48 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0242, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gnma Fund are expected to decrease at a much lower rate. During the bear market, Gnma Fund is likely to outperform the market.
Auto-correlation | -0.81 |
Excellent reverse predictability
Gnma Fund Institutional has excellent reverse predictability. Overlapping area represents the amount of predictability between Gnma Fund time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 to 24th 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 Gnma Fund Institutional price movement. The serial correlation of -0.81 indicates that around 81.0% of current Gnma Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Gnma Fund Institutional lagged returns against current returns
Autocorrelation, which is Gnma Fund 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 Gnma Fund's mutual fund expected returns. We can calculate the autocorrelation of Gnma Fund returns to help us make a trade decision. For example, suppose you find that Gnma Fund 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 |
Gnma Fund 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 Gnma Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gnma Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gnma Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gnma Fund Lagged Returns
When evaluating Gnma Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gnma Fund mutual fund have on its future price. Gnma Fund 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, Gnma Fund autocorrelation shows the relationship between Gnma Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gnma Fund Institutional.
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 Gnma Mutual Fund
Gnma Fund financial ratios help investors to determine whether Gnma 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 Gnma with respect to the benefits of owning Gnma Fund security.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |