Principal Fds Incincome Fund Market Value
| PIOIX Fund | USD 8.63 0.03 0.35% |
| Symbol | Principal |
Principal Fds '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 Principal Fds' 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 Principal Fds.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Principal Fds on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Principal Fds Incincome or generate 0.0% return on investment in Principal Fds over 540 days. Principal Fds is related to or competes with Arrow Managed, Lord Abbett, Asg Managed, Aqr Managed, Ab Bond, American Funds, and Nationwide Inflation-protec. The fund invests primarily in a diversified pool of investment-grade fixed-income securities, including corporate securi... More
Principal Fds 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 Principal Fds' 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 Principal Fds Incincome upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4624 |
Principal Fds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Fds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Fds' standard deviation. In reality, there are many statistical measures that can use Principal Fds historical prices to predict the future Principal Fds' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4097 |
Principal Fds Incincome Backtested Returns
Principal Fds Incincome maintains Sharpe Ratio (i.e., Efficiency) of -0.051, which implies the entity had a -0.051% return per unit of risk over the last 3 months. Principal Fds Incincome exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Principal Fds' Variance of 0.0981, coefficient of variation of (2,655), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The fund holds a Beta of -0.0532, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Principal Fds are expected to decrease at a much lower rate. During the bear market, Principal Fds is likely to outperform the market.
Auto-correlation | 0.46 |
Average predictability
Principal Fds Incincome has average predictability. Overlapping area represents the amount of predictability between Principal Fds time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Principal Fds Incincome price movement. The serial correlation of 0.46 indicates that about 46.0% of current Principal Fds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Principal Fds Incincome lagged returns against current returns
Autocorrelation, which is Principal Fds 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 Principal Fds' mutual fund expected returns. We can calculate the autocorrelation of Principal Fds returns to help us make a trade decision. For example, suppose you find that Principal Fds 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 |
Principal Fds 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 Principal Fds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Fds mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Fds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Principal Fds Lagged Returns
When evaluating Principal Fds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Fds mutual fund have on its future price. Principal Fds 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, Principal Fds autocorrelation shows the relationship between Principal Fds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Fds Incincome.
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 Principal Mutual Fund
Principal Fds financial ratios help investors to determine whether Principal 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 Principal with respect to the benefits of owning Principal Fds security.
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