Pace Smallmedium Value Fund Market Value
| PEVAX Fund | USD 21.15 0.37 1.78% |
| Symbol | Pace |
Pace Smallmedium '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 Smallmedium'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 Smallmedium.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Pace Smallmedium on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Pace Smallmedium Value or generate 0.0% return on investment in Pace Smallmedium over 510 days. Pace Smallmedium is related to or competes with Ultrasmall-cap Profund, American Century, Mutual Of, Hennessy Nerstone, Queens Road, and Ultramid-cap Profund. The fund invests primarily in stocks of companies that are believed to be undervalued or overlooked in the marketplace More
Pace Smallmedium 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 Smallmedium'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 Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8265 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.78 |
Pace Smallmedium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Smallmedium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Smallmedium's standard deviation. In reality, there are many statistical measures that can use Pace Smallmedium historical prices to predict the future Pace Smallmedium's volatility.| Risk Adjusted Performance | 0.1106 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0256 | |||
| Treynor Ratio | 0.112 |
Pace Smallmedium Value Backtested Returns
At this stage we consider Pace Mutual Fund to be very steady. Pace Smallmedium Value maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pace Smallmedium Value, which you can use to evaluate the volatility of the fund. Please check Pace Smallmedium's Coefficient Of Variation of 708.97, risk adjusted performance of 0.1106, and Semi Deviation of 0.6597 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The fund holds a Beta of 1.25, 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 Smallmedium will likely underperform.
Auto-correlation | 0.60 |
Good predictability
Pace Smallmedium Value has good predictability. Overlapping area represents the amount of predictability between Pace Smallmedium time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Value price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Pace Smallmedium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Pace Smallmedium Value lagged returns against current returns
Autocorrelation, which is Pace Smallmedium 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 Smallmedium's mutual fund expected returns. We can calculate the autocorrelation of Pace Smallmedium returns to help us make a trade decision. For example, suppose you find that Pace Smallmedium 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 Smallmedium 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 Smallmedium mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Smallmedium 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 Smallmedium mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Smallmedium Lagged Returns
When evaluating Pace Smallmedium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Smallmedium mutual fund have on its future price. Pace Smallmedium 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 Smallmedium autocorrelation shows the relationship between Pace Smallmedium mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Smallmedium 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 Pace Mutual Fund
Pace Smallmedium 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 Smallmedium security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |