Priorityome Fund Market Value
| PRIF-PG Preferred Stock | USD 25.22 0.18 0.72% |
| Symbol | Priorityome |
Priorityome Fund '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 Priorityome Fund's preferred stock 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 Priorityome Fund.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Priorityome Fund on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Priorityome Fund or generate 0.0% return on investment in Priorityome Fund over 90 days. Priorityome Fund is related to or competes with Priorityome Fund, Priorityome Fund, and Priorityome Fund. Priority Income Fund, Inc. is a closed ended fixed income mutual fund launched by Prospect Capital Management LLC and Be... More
Priorityome Fund 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 Priorityome Fund's preferred stock 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 Priorityome Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8565 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.64 |
Priorityome Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Priorityome Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Priorityome Fund's standard deviation. In reality, there are many statistical measures that can use Priorityome Fund historical prices to predict the future Priorityome Fund's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.064 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 1.52 |
Priorityome Fund Backtested Returns
At this point, Priorityome Fund is very steady. Priorityome Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.0901, which implies the firm had a 0.0901% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Priorityome Fund, which you can use to evaluate the volatility of the company. Please check Priorityome Fund's Coefficient Of Variation of 1019.29, risk adjusted performance of 0.0758, and Semi Deviation of 0.5262 to confirm if the risk estimate we provide is consistent with the expected return of 0.0695%. Priorityome Fund has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 0.0458, which implies not very significant fluctuations relative to the market. As returns on the market increase, Priorityome Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Priorityome Fund is expected to be smaller as well. Priorityome Fund right now holds a risk of 0.77%. Please check Priorityome Fund coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Priorityome Fund will be following its historical price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Priorityome Fund has very weak predictability. Overlapping area represents the amount of predictability between Priorityome Fund time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Priorityome Fund price movement. The serial correlation of 0.18 indicates that over 18.0% of current Priorityome Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Priorityome Fund lagged returns against current returns
Autocorrelation, which is Priorityome Fund preferred stock'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 Priorityome Fund's preferred stock expected returns. We can calculate the autocorrelation of Priorityome Fund returns to help us make a trade decision. For example, suppose you find that Priorityome Fund has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
Priorityome Fund 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 Priorityome Fund preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Priorityome Fund preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Priorityome Fund preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Priorityome Fund Lagged Returns
When evaluating Priorityome Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Priorityome Fund preferred stock have on its future price. Priorityome Fund 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, Priorityome Fund autocorrelation shows the relationship between Priorityome Fund preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Priorityome Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Priorityome Preferred Stock
Priorityome Fund financial ratios help investors to determine whether Priorityome Preferred Stock 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 Priorityome with respect to the benefits of owning Priorityome Fund security.