Largecap Growth Fund Market Value
| PLCGX Fund | USD 21.87 0.11 0.50% |
| Symbol | Largecap |
Largecap Growth '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 Largecap Growth'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 Largecap Growth.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Largecap Growth on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Largecap Growth Fund or generate 0.0% return on investment in Largecap Growth over 390 days. Largecap Growth is related to or competes with Goldman Sachs, T Rowe, Ab Global, Ab High, California High-yield, Pioneer High, and Siit High. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Largecap Growth 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 Largecap Growth'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 Largecap Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.5 |
Largecap Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Largecap Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Largecap Growth's standard deviation. In reality, there are many statistical measures that can use Largecap Growth historical prices to predict the future Largecap Growth's volatility.| Risk Adjusted Performance | 0.0824 | |||
| Jensen Alpha | 0.0992 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.13) |
Largecap Growth Backtested Returns
At this stage we consider Largecap Mutual Fund to be very steady. Largecap Growth has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Largecap Growth, which you can use to evaluate the volatility of the fund. Please verify Largecap Growth's Risk Adjusted Performance of 0.0824, mean deviation of 0.6804, and Downside Deviation of 1.12 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of -0.0809, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Largecap Growth are expected to decrease at a much lower rate. During the bear market, Largecap Growth is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
Largecap Growth Fund has good predictability. Overlapping area represents the amount of predictability between Largecap Growth time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 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 Largecap Growth price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Largecap Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Largecap Growth lagged returns against current returns
Autocorrelation, which is Largecap Growth 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 Largecap Growth's mutual fund expected returns. We can calculate the autocorrelation of Largecap Growth returns to help us make a trade decision. For example, suppose you find that Largecap Growth 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 |
Largecap Growth 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 Largecap Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Largecap Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Largecap Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Largecap Growth Lagged Returns
When evaluating Largecap Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Largecap Growth mutual fund have on its future price. Largecap Growth 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, Largecap Growth autocorrelation shows the relationship between Largecap Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Largecap Growth Fund.
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 Largecap Mutual Fund
Largecap Growth financial ratios help investors to determine whether Largecap 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 Largecap with respect to the benefits of owning Largecap Growth security.
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