Ppm High Yield Fund Market Value
| PKHIX Fund | USD 8.99 0.01 0.11% |
| Symbol | Ppm |
Ppm High '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 Ppm High'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 Ppm High.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Ppm High on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Ppm High Yield or generate 0.0% return on investment in Ppm High over 720 days. Ppm High is related to or competes with Allianzgi Health, Invesco Global, Blackrock Health, Highland Long/short, Prudential Health, Delaware Healthcare, and Hartford Healthcare. The fund seeks to achieve its objective by investing under normal circumstances at least 80 percent of its assets in hig... More
Ppm High 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 Ppm High'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 Ppm High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1938 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 0.9017 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3367 |
Ppm High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ppm High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ppm High's standard deviation. In reality, there are many statistical measures that can use Ppm High historical prices to predict the future Ppm High's volatility.| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.0275 | |||
| Total Risk Alpha | 0.0049 | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | (1.61) |
Ppm High Yield Backtested Returns
At this stage we consider Ppm Mutual Fund to be very steady. Ppm High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Ppm High Yield, which you can use to evaluate the volatility of the fund. Please check Ppm High's Risk Adjusted Performance of 0.1326, downside deviation of 0.1938, and Standard Deviation of 0.1615 to confirm if the risk estimate we provide is consistent with the expected return of 0.03%. The fund holds a Beta of -0.0161, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ppm High are expected to decrease at a much lower rate. During the bear market, Ppm High is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Ppm High Yield has good predictability. Overlapping area represents the amount of predictability between Ppm High time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Ppm High Yield price movement. The serial correlation of 0.77 indicates that around 77.0% of current Ppm High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Ppm High Yield lagged returns against current returns
Autocorrelation, which is Ppm High 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 Ppm High's mutual fund expected returns. We can calculate the autocorrelation of Ppm High returns to help us make a trade decision. For example, suppose you find that Ppm High 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 |
Ppm High 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 Ppm High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ppm High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ppm High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ppm High Lagged Returns
When evaluating Ppm High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ppm High mutual fund have on its future price. Ppm High 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, Ppm High autocorrelation shows the relationship between Ppm High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ppm High Yield.
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 Ppm Mutual Fund
Ppm High financial ratios help investors to determine whether Ppm 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 Ppm with respect to the benefits of owning Ppm High security.
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