Pfg Invesco Thematic Fund Market Value
| PFIOX Fund | USD 9.43 0.04 0.43% |
| Symbol | Pfg |
Pfg Invesco '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 Invesco'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 Invesco.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pfg Invesco on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pfg Invesco Thematic or generate 0.0% return on investment in Pfg Invesco over 30 days. Pfg Invesco is related to or competes with Riskproreg; Pfg, Pfg American, Pfg Br, Riskproreg; Dynamic, Pfg American, Pfg Fidelity, and Pfg Fidelity. The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in mutual funds and ex... More
Pfg Invesco 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 Invesco'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 Invesco Thematic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6277 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.21 |
Pfg Invesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pfg Invesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pfg Invesco's standard deviation. In reality, there are many statistical measures that can use Pfg Invesco historical prices to predict the future Pfg Invesco's volatility.| Risk Adjusted Performance | 0.0791 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0775 |
Pfg Invesco Thematic Backtested Returns
At this stage we consider Pfg Mutual Fund to be very steady. Pfg Invesco Thematic maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pfg Invesco Thematic, which you can use to evaluate the volatility of the fund. Please check Pfg Invesco's Coefficient Of Variation of 946.62, semi deviation of 0.514, and Risk Adjusted Performance of 0.0791 to confirm if the risk estimate we provide is consistent with the expected return of 0.0656%. The fund holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pfg Invesco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pfg Invesco is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Pfg Invesco Thematic has modest predictability. Overlapping area represents the amount of predictability between Pfg Invesco time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Pfg Invesco Thematic price movement. The serial correlation of 0.54 indicates that about 54.0% of current Pfg Invesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pfg Invesco Thematic lagged returns against current returns
Autocorrelation, which is Pfg Invesco 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 Invesco's mutual fund expected returns. We can calculate the autocorrelation of Pfg Invesco returns to help us make a trade decision. For example, suppose you find that Pfg Invesco 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 Invesco 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 Invesco mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pfg Invesco 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 Invesco mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pfg Invesco Lagged Returns
When evaluating Pfg Invesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pfg Invesco mutual fund have on its future price. Pfg Invesco 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 Invesco autocorrelation shows the relationship between Pfg Invesco mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pfg Invesco Thematic.
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 Invesco 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 Invesco security.
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