Pace Strategic Fixed Fund Market Value
| PBNAX Fund | USD 11.87 0.04 0.34% |
| Symbol | Pace |
Pace Strategic '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 Pace Strategic'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 Pace Strategic.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Pace Strategic on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pace Strategic Fixed or generate 0.0% return on investment in Pace Strategic over 30 days. Pace Strategic is related to or competes with Energy Basic, Goehring Rozencwajg, Dreyfus Natural, Oil Gas, Icon Natural, Hennessy, and Jennison Natural. The fund invests at least 80 percent of its net assets in investment grade fixed income securities More
Pace Strategic 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 Pace Strategic'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 Pace Strategic Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.11 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4212 |
Pace Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Strategic's standard deviation. In reality, there are many statistical measures that can use Pace Strategic historical prices to predict the future Pace Strategic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.2688 |
Pace Strategic Fixed Backtested Returns
Pace Strategic Fixed maintains Sharpe Ratio (i.e., Efficiency) of -0.0216, which implies the entity had a -0.0216% return per unit of risk over the last 3 months. Pace Strategic Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pace Strategic's Variance of 0.0816, risk adjusted performance of (0.03), and Coefficient Of Variation of (4,788) to confirm the risk estimate we provide. The fund holds a Beta of -0.0594, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pace Strategic are expected to decrease at a much lower rate. During the bear market, Pace Strategic is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Pace Strategic Fixed has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pace Strategic time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Pace Strategic Fixed price movement. The serial correlation of -0.2 indicates that over 20.0% of current Pace Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pace Strategic Fixed lagged returns against current returns
Autocorrelation, which is Pace Strategic 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 Pace Strategic's mutual fund expected returns. We can calculate the autocorrelation of Pace Strategic returns to help us make a trade decision. For example, suppose you find that Pace Strategic 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 |
Pace Strategic 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 Pace Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Strategic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Strategic Lagged Returns
When evaluating Pace Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Strategic mutual fund have on its future price. Pace Strategic 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, Pace Strategic autocorrelation shows the relationship between Pace Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Strategic Fixed.
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 Pace Mutual Fund
Pace Strategic financial ratios help investors to determine whether Pace 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 Pace with respect to the benefits of owning Pace Strategic security.
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