Plumb Balanced Fund Market Value
| PLABX Fund | USD 40.88 0.15 0.37% |
| Symbol | Plumb |
Plumb Balanced '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 Plumb Balanced'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 Plumb Balanced.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Plumb Balanced on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Plumb Balanced or generate 0.0% return on investment in Plumb Balanced over 30 days. Plumb Balanced is related to or competes with Goldman Sachs, Astor Long/short, Jhancock Short, Aqr Long-short, Ultra-short Fixed, Vanguard Institutional, and Ab Select. The fund invests in a diversified portfolio of common stocks and fixed income securities More
Plumb Balanced 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 Plumb Balanced'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 Plumb Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6869 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.9729 |
Plumb Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plumb Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plumb Balanced's standard deviation. In reality, there are many statistical measures that can use Plumb Balanced historical prices to predict the future Plumb Balanced's volatility.| Risk Adjusted Performance | 0.0874 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0963 |
Plumb Balanced Backtested Returns
At this stage we consider Plumb Mutual Fund to be very steady. Plumb Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Plumb Balanced, which you can use to evaluate the volatility of the fund. Please check Plumb Balanced's Coefficient Of Variation of 857.61, risk adjusted performance of 0.0874, and Semi Deviation of 0.5655 to confirm if the risk estimate we provide is consistent with the expected return of 0.096%. The fund holds a Beta of 0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plumb Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plumb Balanced is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Plumb Balanced has excellent predictability. Overlapping area represents the amount of predictability between Plumb Balanced time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Plumb Balanced price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Plumb Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Plumb Balanced lagged returns against current returns
Autocorrelation, which is Plumb Balanced 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 Plumb Balanced's mutual fund expected returns. We can calculate the autocorrelation of Plumb Balanced returns to help us make a trade decision. For example, suppose you find that Plumb Balanced 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 |
Plumb Balanced 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 Plumb Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plumb Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plumb Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Plumb Balanced Lagged Returns
When evaluating Plumb Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plumb Balanced mutual fund have on its future price. Plumb Balanced 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, Plumb Balanced autocorrelation shows the relationship between Plumb Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Plumb Balanced.
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 Plumb Mutual Fund
Plumb Balanced financial ratios help investors to determine whether Plumb 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 Plumb with respect to the benefits of owning Plumb Balanced security.
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