Principal Mega Cap Etf Market Value
| USMC Etf | USD 60.32 0.50 0.84% |
| Symbol | Principal |
The market value of Principal Mega Cap is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Mega's value that differs from its market value or its book value, called intrinsic value, which is Principal Mega's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Mega's market value can be influenced by many factors that don't directly affect Principal Mega's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Mega's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Mega is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Mega's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Principal Mega '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 Principal Mega's etf 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 Principal Mega.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Principal Mega on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Principal Mega Cap ETF or generate 0.0% return on investment in Principal Mega over 720 days. Principal Mega is related to or competes with Principal Quality, VictoryShares Multi, VictoryShares Dividend, IShares ESG, and Invesco Variable. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Principal Mega 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 Principal Mega's etf 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 Principal Mega Cap ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7617 | |||
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.28 |
Principal Mega Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Mega's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Mega's standard deviation. In reality, there are many statistical measures that can use Principal Mega historical prices to predict the future Principal Mega's volatility.| Risk Adjusted Performance | 0.1415 | |||
| Jensen Alpha | 0.0349 | |||
| Total Risk Alpha | 0.0038 | |||
| Sortino Ratio | 0.0013 | |||
| Treynor Ratio | 0.1752 |
Principal Mega Cap Backtested Returns
At this point, Principal Mega is very steady. Principal Mega Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Principal Mega Cap, which you can use to evaluate the volatility of the etf. Please check Principal Mega's Semi Deviation of 0.5615, risk adjusted performance of 0.1415, and Coefficient Of Variation of 539.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The etf holds a Beta of 0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Principal Mega's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Mega is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Principal Mega Cap ETF has very good predictability. Overlapping area represents the amount of predictability between Principal Mega time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Principal Mega Cap price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Principal Mega price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 14.8 |
Principal Mega Cap lagged returns against current returns
Autocorrelation, which is Principal Mega etf'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 Principal Mega's etf expected returns. We can calculate the autocorrelation of Principal Mega returns to help us make a trade decision. For example, suppose you find that Principal Mega has exhibited high autocorrelation historically, and you observe that the etf 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 |
Principal Mega 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 Principal Mega etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Mega etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Mega etf over time.
Current vs Lagged Prices |
| Timeline |
Principal Mega Lagged Returns
When evaluating Principal Mega's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Mega etf have on its future price. Principal Mega 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, Principal Mega autocorrelation shows the relationship between Principal Mega etf current value and its past values and can show if there is a momentum factor associated with investing in Principal Mega Cap ETF.
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.When determining whether Principal Mega Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Principal Mega's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Principal Mega Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Principal Mega Cap Etf:Check out Principal Mega Correlation, Principal Mega Volatility and Principal Mega Alpha and Beta module to complement your research on Principal Mega. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Principal Mega technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.