Pinnacle Sherman Multi Strategy Fund Market Value
| CPSHX Fund | USD 12.73 0.18 1.43% |
| Symbol | Pinnacle |
Pinnacle Sherman '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 Pinnacle Sherman'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 Pinnacle Sherman.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Pinnacle Sherman on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pinnacle Sherman Multi Strategy or generate 0.0% return on investment in Pinnacle Sherman over 30 days. Pinnacle Sherman is related to or competes with Pinnacle Sherman, Pinnacle Value, Fidelity Capital, Voya Russelltm, Hennessy, and Blackrock Funds. The fund seeks to meet its investment objective by investing, under normal market conditions, in foreign and domestic eq... More
Pinnacle Sherman 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 Pinnacle Sherman'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 Pinnacle Sherman Multi Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9244 | |||
| Information Ratio | 0.0228 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.14 |
Pinnacle Sherman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle Sherman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle Sherman's standard deviation. In reality, there are many statistical measures that can use Pinnacle Sherman historical prices to predict the future Pinnacle Sherman's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.021 | |||
| Total Risk Alpha | 0.0177 | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 0.0442 |
Pinnacle Sherman Multi Backtested Returns
At this stage we consider Pinnacle Mutual Fund to be very steady. Pinnacle Sherman Multi maintains Sharpe Ratio (i.e., Efficiency) of 0.0563, which implies the entity had a 0.0563% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pinnacle Sherman Multi, which you can use to evaluate the volatility of the fund. Please check Pinnacle Sherman's Semi Deviation of 0.8238, coefficient of variation of 1678.33, and Risk Adjusted Performance of 0.0482 to confirm if the risk estimate we provide is consistent with the expected return of 0.05%. The fund holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Pinnacle Sherman returns are very sensitive to returns on the market. As the market goes up or down, Pinnacle Sherman is expected to follow.
Auto-correlation | 0.17 |
Very weak predictability
Pinnacle Sherman Multi Strategy has very weak predictability. Overlapping area represents the amount of predictability between Pinnacle Sherman time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Pinnacle Sherman Multi price movement. The serial correlation of 0.17 indicates that over 17.0% of current Pinnacle Sherman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Pinnacle Sherman Multi lagged returns against current returns
Autocorrelation, which is Pinnacle Sherman 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 Pinnacle Sherman's mutual fund expected returns. We can calculate the autocorrelation of Pinnacle Sherman returns to help us make a trade decision. For example, suppose you find that Pinnacle Sherman 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 |
Pinnacle Sherman 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 Pinnacle Sherman mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle Sherman mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle Sherman mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle Sherman Lagged Returns
When evaluating Pinnacle Sherman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle Sherman mutual fund have on its future price. Pinnacle Sherman 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, Pinnacle Sherman autocorrelation shows the relationship between Pinnacle Sherman mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle Sherman Multi Strategy.
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 Pinnacle Mutual Fund
Pinnacle Sherman financial ratios help investors to determine whether Pinnacle 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 Pinnacle with respect to the benefits of owning Pinnacle Sherman security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |