PROCIMMO RESIDENTIAL (Switzerland) Market Value
| PRLF Fund | 147.50 0.50 0.34% |
| Symbol | PROCIMMO |
PROCIMMO RESIDENTIAL '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 PROCIMMO RESIDENTIAL's 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 PROCIMMO RESIDENTIAL.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in PROCIMMO RESIDENTIAL on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding PROCIMMO RESIDENTIAL LEMANIC or generate 0.0% return on investment in PROCIMMO RESIDENTIAL over 90 days.
PROCIMMO RESIDENTIAL 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 PROCIMMO RESIDENTIAL's 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 PROCIMMO RESIDENTIAL LEMANIC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.36 |
PROCIMMO RESIDENTIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PROCIMMO RESIDENTIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PROCIMMO RESIDENTIAL's standard deviation. In reality, there are many statistical measures that can use PROCIMMO RESIDENTIAL historical prices to predict the future PROCIMMO RESIDENTIAL's volatility.| Risk Adjusted Performance | 0.005 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.03) |
PROCIMMO RESIDENTIAL Backtested Returns
At this stage we consider PROCIMMO Fund to be very steady. PROCIMMO RESIDENTIAL maintains Sharpe Ratio (i.e., Efficiency) of 0.0349, which implies the entity had a 0.0349% return per unit of volatility over the last 3 months. We have found thirty technical indicators for PROCIMMO RESIDENTIAL, which you can use to evaluate the volatility of the fund. Please check PROCIMMO RESIDENTIAL's semi deviation of 0.9788, and Risk Adjusted Performance of 0.005 to confirm if the risk estimate we provide is consistent with the expected return of 0.031%. The fund holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, PROCIMMO RESIDENTIAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding PROCIMMO RESIDENTIAL is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
PROCIMMO RESIDENTIAL LEMANIC has virtually no predictability. Overlapping area represents the amount of predictability between PROCIMMO RESIDENTIAL time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 PROCIMMO RESIDENTIAL price movement. The serial correlation of 0.07 indicates that barely 7.0% of current PROCIMMO RESIDENTIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
PROCIMMO RESIDENTIAL lagged returns against current returns
Autocorrelation, which is PROCIMMO RESIDENTIAL 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 PROCIMMO RESIDENTIAL's fund expected returns. We can calculate the autocorrelation of PROCIMMO RESIDENTIAL returns to help us make a trade decision. For example, suppose you find that PROCIMMO RESIDENTIAL has exhibited high autocorrelation historically, and you observe that the 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 |
PROCIMMO RESIDENTIAL 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 PROCIMMO RESIDENTIAL fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PROCIMMO RESIDENTIAL fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PROCIMMO RESIDENTIAL fund over time.
Current vs Lagged Prices |
| Timeline |
PROCIMMO RESIDENTIAL Lagged Returns
When evaluating PROCIMMO RESIDENTIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PROCIMMO RESIDENTIAL fund have on its future price. PROCIMMO RESIDENTIAL 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, PROCIMMO RESIDENTIAL autocorrelation shows the relationship between PROCIMMO RESIDENTIAL fund current value and its past values and can show if there is a momentum factor associated with investing in PROCIMMO RESIDENTIAL LEMANIC.
Regressed Prices |
| Timeline |
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