Pace Intermediate Fixed Fund Market Value
| PIFAX Fund | USD 10.59 0.04 0.38% |
| Symbol | PACE |
Pace Intermediate '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 Pace Intermediate'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 Pace Intermediate.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Pace Intermediate on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Pace Intermediate Fixed or generate 0.0% return on investment in Pace Intermediate over 720 days. Pace Intermediate is related to or competes with Baird Small/mid, Fisher Investments, Ancora/thelen Small-mid, The Hartford, Artisan Small, Us Small, and Vanguard Strategic. The fund invests at least 80 percent of its net assets in fixed income securities More
Pace Intermediate 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 Pace Intermediate'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 Pace Intermediate Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.469 |
Pace Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Intermediate's standard deviation. In reality, there are many statistical measures that can use Pace Intermediate historical prices to predict the future Pace Intermediate's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.316 |
Pace Intermediate Fixed Backtested Returns
Pace Intermediate Fixed maintains Sharpe Ratio (i.e., Efficiency) of -0.0131, which implies the entity had a -0.0131% return per unit of risk over the last 3 months. Pace Intermediate Fixed exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pace Intermediate's Risk Adjusted Performance of (0.05), coefficient of variation of (1,950), and Variance of 0.0888 to confirm the risk estimate we provide. The fund holds a Beta of -0.08, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pace Intermediate are expected to decrease at a much lower rate. During the bear market, Pace Intermediate is likely to outperform the market.
Auto-correlation | -0.49 |
Modest reverse predictability
Pace Intermediate Fixed has modest reverse predictability. Overlapping area represents the amount of predictability between Pace Intermediate time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Pace Intermediate Fixed price movement. The serial correlation of -0.49 indicates that about 49.0% of current Pace Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Pace Intermediate Fixed lagged returns against current returns
Autocorrelation, which is Pace Intermediate 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 Pace Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Pace Intermediate returns to help us make a trade decision. For example, suppose you find that Pace Intermediate 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 |
Pace Intermediate 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 Pace Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Intermediate Lagged Returns
When evaluating Pace Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Intermediate mutual fund have on its future price. Pace Intermediate 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, Pace Intermediate autocorrelation shows the relationship between Pace Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Intermediate Fixed.
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 PACE Mutual Fund
Pace Intermediate financial ratios help investors to determine whether PACE 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 PACE with respect to the benefits of owning Pace Intermediate security.
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