Pace Large Value Fund Market Value
| PLVYX Fund | USD 22.92 0.00 0.00% |
| Symbol | Pace |
Pace Large '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 Pace Large'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 Pace Large.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pace Large on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pace Large Value or generate 0.0% return on investment in Pace Large over 180 days. Pace Large is related to or competes with Short Oil, Calvert Global, Oil Gas, Goehring Rozencwajg, and Dreyfus Natural. The fund invests primarily in stocks of U.S More
Pace Large 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 Pace Large'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 Pace Large Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5517 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.07 |
Pace Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Large's standard deviation. In reality, there are many statistical measures that can use Pace Large historical prices to predict the future Pace Large's volatility.| Risk Adjusted Performance | 0.0912 | |||
| Jensen Alpha | 0.0823 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pace Large's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pace Large Value Backtested Returns
At this stage we consider Pace Mutual Fund to be very steady. Pace Large Value maintains Sharpe Ratio (i.e., Efficiency) of 0.0963, which implies the entity had a 0.0963% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Pace Large Value, which you can use to evaluate the volatility of the fund. Please check Pace Large's Risk Adjusted Performance of 0.0912, coefficient of variation of 823.47, and Semi Deviation of 0.3663 to confirm if the risk estimate we provide is consistent with the expected return of 0.0636%. The fund holds a Beta of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pace Large are expected to decrease at a much lower rate. During the bear market, Pace Large is likely to outperform the market.
Auto-correlation | 0.63 |
Good predictability
Pace Large Value has good predictability. Overlapping area represents the amount of predictability between Pace Large time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Pace Large Value price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Pace Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Pace Large Value lagged returns against current returns
Autocorrelation, which is Pace Large 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 Pace Large's mutual fund expected returns. We can calculate the autocorrelation of Pace Large returns to help us make a trade decision. For example, suppose you find that Pace Large 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 |
Pace Large 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 Pace Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Large Lagged Returns
When evaluating Pace Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Large mutual fund have on its future price. Pace Large 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, Pace Large autocorrelation shows the relationship between Pace Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Large Value.
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 Pace Mutual Fund
Pace Large financial ratios help investors to determine whether Pace 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 Pace with respect to the benefits of owning Pace Large security.
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