Pia Short Term Securities Fund Market Value
| PIASX Fund | USD 10.05 0.01 0.1% |
| Symbol | Pia |
Pia Short '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 Pia Short'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 Pia Short.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Pia Short on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Pia Short Term Securities or generate 0.0% return on investment in Pia Short over 330 days. Pia Short is related to or competes with Pia High, Pia High, Pia Mbs, and Pia Bbb. The fund is a diversified investment company that normally invests at least 80 percent of its net assets in short-term s... More
Pia Short 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 Pia Short'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 Pia Short Term Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1285 | |||
| Information Ratio | (1.75) | |||
| Maximum Drawdown | 0.3998 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.1001 |
Pia Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pia Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pia Short's standard deviation. In reality, there are many statistical measures that can use Pia Short historical prices to predict the future Pia Short's volatility.| Risk Adjusted Performance | 0.0701 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.90) | |||
| Treynor Ratio | 0.9763 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pia Short'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.
Pia Short Term Backtested Returns
At this stage we consider Pia Mutual Fund to be very steady. Pia Short Term maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pia Short Term, which you can use to evaluate the volatility of the fund. Please check Pia Short's Standard Deviation of 0.0661, downside deviation of 0.1285, and Risk Adjusted Performance of 0.0701 to confirm if the risk estimate we provide is consistent with the expected return of 0.0139%. The fund holds a Beta of 0.0053, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pia Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pia Short is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Pia Short Term Securities has very good predictability. Overlapping area represents the amount of predictability between Pia Short time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Pia Short Term price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Pia Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pia Short Term lagged returns against current returns
Autocorrelation, which is Pia Short 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 Pia Short's mutual fund expected returns. We can calculate the autocorrelation of Pia Short returns to help us make a trade decision. For example, suppose you find that Pia Short 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 |
Pia Short 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 Pia Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pia Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pia Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pia Short Lagged Returns
When evaluating Pia Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pia Short mutual fund have on its future price. Pia Short 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, Pia Short autocorrelation shows the relationship between Pia Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pia Short Term Securities.
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 Pia Mutual Fund
Pia Short financial ratios help investors to determine whether Pia 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 Pia with respect to the benefits of owning Pia Short security.
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