Pzena Mid Cap Fund Market Value
| PZVMX Fund | USD 15.60 0.05 0.32% |
| Symbol | Pzena |
Pzena Mid '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 Pzena Mid'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 Pzena Mid.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Pzena Mid on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Pzena Mid Cap or generate 0.0% return on investment in Pzena Mid over 720 days. Pzena Mid is related to or competes with Blackrock, Lord Abbett, Delaware Limited-term, Principal Lifetime, and Harbor Diversified. The fund invests at least 80 percent of its net assets in stocks of mid-cap companies More
Pzena Mid 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 Pzena Mid'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 Pzena Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9013 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.35 |
Pzena Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pzena Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pzena Mid's standard deviation. In reality, there are many statistical measures that can use Pzena Mid historical prices to predict the future Pzena Mid's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0139 |
Pzena Mid Cap Backtested Returns
At this stage we consider Pzena Mutual Fund to be very steady. Pzena Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0479, which implies the entity had a 0.0479% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pzena Mid Cap, which you can use to evaluate the volatility of the fund. Please check Pzena Mid's Coefficient Of Variation of 3982.94, risk adjusted performance of 0.0217, and Semi Deviation of 0.8439 to confirm if the risk estimate we provide is consistent with the expected return of 0.0487%. The fund holds a Beta of 1.12, which implies a somewhat significant risk relative to the market. Pzena Mid returns are very sensitive to returns on the market. As the market goes up or down, Pzena Mid is expected to follow.
Auto-correlation | -0.08 |
Very weak reverse predictability
Pzena Mid Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Pzena Mid time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Pzena Mid Cap price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Pzena Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Pzena Mid Cap lagged returns against current returns
Autocorrelation, which is Pzena Mid 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 Pzena Mid's mutual fund expected returns. We can calculate the autocorrelation of Pzena Mid returns to help us make a trade decision. For example, suppose you find that Pzena Mid 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 |
Pzena Mid 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 Pzena Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pzena Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pzena Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pzena Mid Lagged Returns
When evaluating Pzena Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pzena Mid mutual fund have on its future price. Pzena Mid 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, Pzena Mid autocorrelation shows the relationship between Pzena Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pzena Mid Cap.
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 Pzena Mutual Fund
Pzena Mid financial ratios help investors to determine whether Pzena 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 Pzena with respect to the benefits of owning Pzena Mid security.
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