Investment Grade Porate Fund Market Value
| PBDCX Fund | USD 9.08 0.03 0.33% |
| Symbol | Investment |
Investment Grade '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 Investment Grade'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 Investment Grade.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Investment Grade on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Investment Grade Porate or generate 0.0% return on investment in Investment Grade over 540 days. Investment Grade is related to or competes with Virtus Real, Jhancock Real, Commonwealth Real, Guggenheim Risk, Amg Managers, and Goldman Sachs. The fund normally invests at least 80 percent of its assets in a diversified portfolio of investment grade fixed income ... More
Investment Grade 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 Investment Grade'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 Investment Grade Porate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 1.45 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.4405 |
Investment Grade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Investment Grade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investment Grade's standard deviation. In reality, there are many statistical measures that can use Investment Grade historical prices to predict the future Investment Grade's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.5764 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Investment Grade's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Investment Grade Porate Backtested Returns
Investment Grade Porate holds Efficiency (Sharpe) Ratio of -0.0317, which attests that the entity had a -0.0317% return per unit of risk over the last 3 months. Investment Grade Porate exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Investment Grade's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.5864, and Standard Deviation of 0.3118 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.031, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Investment Grade are expected to decrease at a much lower rate. During the bear market, Investment Grade is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
Investment Grade Porate has average predictability. Overlapping area represents the amount of predictability between Investment Grade time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Investment Grade Porate price movement. The serial correlation of 0.49 indicates that about 49.0% of current Investment Grade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Investment Grade Porate lagged returns against current returns
Autocorrelation, which is Investment Grade 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 Investment Grade's mutual fund expected returns. We can calculate the autocorrelation of Investment Grade returns to help us make a trade decision. For example, suppose you find that Investment Grade 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 |
Investment Grade 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 Investment Grade mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investment Grade mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Investment Grade mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Investment Grade Lagged Returns
When evaluating Investment Grade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investment Grade mutual fund have on its future price. Investment Grade 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, Investment Grade autocorrelation shows the relationship between Investment Grade mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Investment Grade Porate.
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 Investment Mutual Fund
Investment Grade financial ratios help investors to determine whether Investment 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 Investment with respect to the benefits of owning Investment Grade security.
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