Prnpl Inv Fd Fund Market Value
| PGEIX Fund | USD 8.48 0.04 0.47% |
| Symbol | Prnpl |
Prnpl Inv '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 Prnpl Inv'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 Prnpl Inv.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Prnpl Inv on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Prnpl Inv Fd or generate 0.0% return on investment in Prnpl Inv over 30 days. Prnpl Inv is related to or competes with Polen Global, Polen Global, Polen International, Polen International, Polen Growth, and Polen Growth. Normally, the fund invests at least 80 percent of its net assets at the time of initial purchase, in equity or equity-re... More
Prnpl Inv 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 Prnpl Inv'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 Prnpl Inv Fd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 2.17 |
Prnpl Inv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prnpl Inv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prnpl Inv's standard deviation. In reality, there are many statistical measures that can use Prnpl Inv historical prices to predict the future Prnpl Inv's volatility.| Risk Adjusted Performance | 0.0877 | |||
| Jensen Alpha | 0.0768 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.006 | |||
| Treynor Ratio | 0.3118 |
Prnpl Inv Fd Backtested Returns
At this stage we consider Prnpl Mutual Fund to be not too volatile. Prnpl Inv Fd maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prnpl Inv Fd, which you can use to evaluate the volatility of the fund. Please check Prnpl Inv's Semi Deviation of 0.8574, risk adjusted performance of 0.0877, and Coefficient Of Variation of 911.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prnpl Inv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prnpl Inv is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Prnpl Inv Fd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Prnpl Inv time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Prnpl Inv Fd price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Prnpl Inv price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prnpl Inv Fd lagged returns against current returns
Autocorrelation, which is Prnpl Inv 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 Prnpl Inv's mutual fund expected returns. We can calculate the autocorrelation of Prnpl Inv returns to help us make a trade decision. For example, suppose you find that Prnpl Inv 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 |
Prnpl Inv 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 Prnpl Inv mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prnpl Inv mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prnpl Inv mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prnpl Inv Lagged Returns
When evaluating Prnpl Inv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prnpl Inv mutual fund have on its future price. Prnpl Inv 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, Prnpl Inv autocorrelation shows the relationship between Prnpl Inv mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prnpl Inv Fd.
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 Prnpl Mutual Fund
Prnpl Inv financial ratios help investors to determine whether Prnpl 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 Prnpl with respect to the benefits of owning Prnpl Inv security.
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