Largecap Sp 500 Fund Market Value
| PLSAX Fund | USD 29.44 0.11 0.38% |
| Symbol | Largecap |
Largecap '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'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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Largecap on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Largecap Sp 500 or generate 0.0% return on investment in Largecap over 30 days. Largecap is related to or competes with Prudential Core, Jhancock Diversified, Lord Abbett, Blackrock Conservative, Pgim Conservative, and Calvert Conservative. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Largecap 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'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 Sp 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8658 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.17 |
Largecap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Largecap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Largecap's standard deviation. In reality, there are many statistical measures that can use Largecap historical prices to predict the future Largecap's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.095 |
Largecap Sp 500 Backtested Returns
At this stage we consider Largecap Mutual Fund to be very steady. Largecap Sp 500 has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Largecap, which you can use to evaluate the volatility of the fund. Please verify Largecap's Downside Deviation of 0.8658, mean deviation of 0.5686, and Risk Adjusted Performance of 0.0902 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. The fund secures a Beta (Market Risk) of 0.87, which conveys possible diversification benefits within a given portfolio. Largecap returns are very sensitive to returns on the market. As the market goes up or down, Largecap is expected to follow.
Auto-correlation | 0.60 |
Good predictability
Largecap Sp 500 has good predictability. Overlapping area represents the amount of predictability between Largecap time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Sp 500 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Largecap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Largecap Sp 500 lagged returns against current returns
Autocorrelation, which is Largecap 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's mutual fund expected returns. We can calculate the autocorrelation of Largecap returns to help us make a trade decision. For example, suppose you find that Largecap 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Largecap 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Largecap Lagged Returns
When evaluating Largecap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Largecap mutual fund have on its future price. Largecap 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 autocorrelation shows the relationship between Largecap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Largecap Sp 500.
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 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 security.
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