Pfg Br Equity Fund Market Value
| PFESX Fund | USD 14.71 0.05 0.34% |
| Symbol | Pfg |
Pfg Br '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 Pfg Br'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 Pfg Br.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Pfg Br on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Pfg Br Equity or generate 0.0% return on investment in Pfg Br over 720 days. Pfg Br is related to or competes with Riskproreg; 30+, Riskproreg; Pfg, Pfg American, and Riskproreg Tactical. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in ETFs managed by... More
Pfg Br 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 Pfg Br'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 Pfg Br Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8001 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.19 |
Pfg Br Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pfg Br's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pfg Br's standard deviation. In reality, there are many statistical measures that can use Pfg Br historical prices to predict the future Pfg Br's volatility.| Risk Adjusted Performance | 0.06 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0634 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pfg Br'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.
Pfg Br Equity Backtested Returns
At this stage we consider Pfg Mutual Fund to be very steady. Pfg Br Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.0592, which implies the entity had a 0.0592% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pfg Br Equity, which you can use to evaluate the volatility of the fund. Please check Pfg Br's Semi Deviation of 0.7197, coefficient of variation of 1271.32, and Risk Adjusted Performance of 0.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0436%. The fund holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pfg Br's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pfg Br is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Pfg Br Equity has good predictability. Overlapping area represents the amount of predictability between Pfg Br time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Pfg Br Equity price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Pfg Br price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Pfg Br Equity lagged returns against current returns
Autocorrelation, which is Pfg Br 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 Pfg Br's mutual fund expected returns. We can calculate the autocorrelation of Pfg Br returns to help us make a trade decision. For example, suppose you find that Pfg Br 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 |
Pfg Br 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 Pfg Br mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pfg Br mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pfg Br mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pfg Br Lagged Returns
When evaluating Pfg Br's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pfg Br mutual fund have on its future price. Pfg Br 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, Pfg Br autocorrelation shows the relationship between Pfg Br mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pfg Br Equity.
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 Pfg Mutual Fund
Pfg Br financial ratios help investors to determine whether Pfg 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 Pfg with respect to the benefits of owning Pfg Br security.
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