Flaherty Crumrine Preferred Fund Market Value
| PFO Fund | USD 9.07 0.04 0.44% |
| Symbol | Flaherty |
Flaherty Crumrine '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 Flaherty Crumrine's 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 Flaherty Crumrine.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Flaherty Crumrine on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Flaherty Crumrine Preferred or generate 0.0% return on investment in Flaherty Crumrine over 510 days. Flaherty Crumrine is related to or competes with Flaherty Crumrine, Flaherty Crumrine, Flaherty, John Hancock, John Hancock, John Hancock, and John Hancock. Flaherty Crumrine Preferred Income Opportunity Fund Inc More
Flaherty Crumrine 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 Flaherty Crumrine's 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 Flaherty Crumrine Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6229 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.8 |
Flaherty Crumrine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flaherty Crumrine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flaherty Crumrine's standard deviation. In reality, there are many statistical measures that can use Flaherty Crumrine historical prices to predict the future Flaherty Crumrine's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.268 |
Flaherty Crumrine Backtested Returns
As of now, Flaherty Fund is very steady. Flaherty Crumrine secures Sharpe Ratio (or Efficiency) of 0.0678, which denotes the fund had a 0.0678% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Flaherty Crumrine Preferred, which you can use to evaluate the volatility of the entity. Please confirm Flaherty Crumrine's Downside Deviation of 0.6229, mean deviation of 0.3809, and Semi Deviation of 0.4391 to check if the risk estimate we provide is consistent with the expected return of 0.0343%. The fund shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Flaherty Crumrine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flaherty Crumrine is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Flaherty Crumrine Preferred has good predictability. Overlapping area represents the amount of predictability between Flaherty Crumrine 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 Flaherty Crumrine price movement. The serial correlation of 0.77 indicates that around 77.0% of current Flaherty Crumrine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Flaherty Crumrine lagged returns against current returns
Autocorrelation, which is Flaherty Crumrine 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 Flaherty Crumrine's fund expected returns. We can calculate the autocorrelation of Flaherty Crumrine returns to help us make a trade decision. For example, suppose you find that Flaherty Crumrine has exhibited high autocorrelation historically, and you observe that the 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 |
Flaherty Crumrine 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 Flaherty Crumrine fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flaherty Crumrine fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flaherty Crumrine fund over time.
Current vs Lagged Prices |
| Timeline |
Flaherty Crumrine Lagged Returns
When evaluating Flaherty Crumrine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flaherty Crumrine fund have on its future price. Flaherty Crumrine 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, Flaherty Crumrine autocorrelation shows the relationship between Flaherty Crumrine fund current value and its past values and can show if there is a momentum factor associated with investing in Flaherty Crumrine Preferred.
Regressed Prices |
| Timeline |
Other Information on Investing in Flaherty Fund
Flaherty Crumrine financial ratios help investors to determine whether Flaherty 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 Flaherty with respect to the benefits of owning Flaherty Crumrine security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| CEOs Directory Screen CEOs from public companies around the world |