Ppm Core Plus Fund Market Value
| PKPIX Fund | USD 8.70 0.01 0.12% |
| Symbol | Ppm |
Ppm Core '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 Core'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 Core.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ppm Core on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ppm Core Plus or generate 0.0% return on investment in Ppm Core over 60 days. Ppm Core is related to or competes with Ppm High, Mfs Blended, American Funds, Tiaa Cref, State Street, and Westwood Largecap. The fund seeks to achieve its objective by investing under normal circumstances at least 80 percent of its assets in a d... More
Ppm Core 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 Core'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 Core Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.452 |
Ppm Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ppm Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ppm Core's standard deviation. In reality, there are many statistical measures that can use Ppm Core historical prices to predict the future Ppm Core's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.5333 |
Ppm Core Plus Backtested Returns
Ppm Core Plus maintains Sharpe Ratio (i.e., Efficiency) of -0.0752, which implies the entity had a -0.0752% return per unit of risk over the last 3 months. Ppm Core Plus exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ppm Core's Variance of 0.076, risk adjusted performance of (0.08), and Coefficient Of Variation of (1,158) to confirm the risk estimate we provide. The fund holds a Beta of -0.0634, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ppm Core are expected to decrease at a much lower rate. During the bear market, Ppm Core is likely to outperform the market.
Auto-correlation | 0.23 |
Weak predictability
Ppm Core Plus has weak predictability. Overlapping area represents the amount of predictability between Ppm Core time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Core Plus price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ppm Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ppm Core Plus lagged returns against current returns
Autocorrelation, which is Ppm Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Ppm Core returns to help us make a trade decision. For example, suppose you find that Ppm Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ppm Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ppm Core Lagged Returns
When evaluating Ppm Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ppm Core mutual fund have on its future price. Ppm Core 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 Core autocorrelation shows the relationship between Ppm Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ppm Core Plus.
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 Core 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 Core security.
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