Polen Small Pany Fund Market Value

PBSIX Fund  USD 16.14  0.19  1.16%   
Polen Small's market value is the price at which a share of Polen Small trades on a public exchange. It measures the collective expectations of Polen Small Pany investors about its performance. Polen Small is trading at 16.14 as of the 6th of December 2024; that is 1.16 percent down since the beginning of the trading day. The fund's open price was 16.33.
With this module, you can estimate the performance of a buy and hold strategy of Polen Small Pany and determine expected loss or profit from investing in Polen Small over a given investment horizon. Check out Polen Small Correlation, Polen Small Volatility and Polen Small Alpha and Beta module to complement your research on Polen Small.
Symbol

Please note, there is a significant difference between Polen Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polen Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polen Small'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.

Polen Small '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 Polen Small'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 Polen Small.
0.00
11/06/2024
No Change 0.00  0.0 
In 30 days
12/06/2024
0.00
If you would invest  0.00  in Polen Small on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Polen Small Pany or generate 0.0% return on investment in Polen Small over 30 days. Polen Small is related to or competes with Virtus Convertible, Gamco Global, Gabelli Convertible, Teton Convertible, Rational/pier, and Allianzgi Equity. The fund typically invests in a focused portfolio of common stocks of small companies and, under normal circumstances, i... More

Polen Small 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 Polen Small'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 Polen Small Pany upside and downside potential and time the market with a certain degree of confidence.

Polen Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Polen Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polen Small's standard deviation. In reality, there are many statistical measures that can use Polen Small historical prices to predict the future Polen Small's volatility.
Hype
Prediction
LowEstimatedHigh
14.9416.1417.34
Details
Intrinsic
Valuation
LowRealHigh
15.5016.7017.90
Details
Naive
Forecast
LowNextHigh
14.9216.1217.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.0716.2216.38
Details

Polen Small Pany Backtested Returns

Polen Small appears to be very steady, given 3 months investment horizon. Polen Small Pany maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Polen Small Pany, which you can use to evaluate the volatility of the fund. Please evaluate Polen Small's Semi Deviation of 0.6571, coefficient of variation of 472.05, and Risk Adjusted Performance of 0.1604 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.34, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Polen Small will likely underperform.

Auto-correlation

    
  0.23  

Weak predictability

Polen Small Pany has weak predictability. Overlapping area represents the amount of predictability between Polen Small time series from 6th of November 2024 to 21st of November 2024 and 21st of November 2024 to 6th 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 Polen Small Pany price movement. The serial correlation of 0.23 indicates that over 23.0% of current Polen Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test-0.03
Residual Average0.0
Price Variance0.02

Polen Small Pany lagged returns against current returns

Autocorrelation, which is Polen Small 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 Polen Small's mutual fund expected returns. We can calculate the autocorrelation of Polen Small returns to help us make a trade decision. For example, suppose you find that Polen Small 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  

Polen Small 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 Polen Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polen Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polen Small mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Polen Small Lagged Returns

When evaluating Polen Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polen Small mutual fund have on its future price. Polen Small 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, Polen Small autocorrelation shows the relationship between Polen Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Polen Small Pany.
   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 Polen Mutual Fund

Polen Small financial ratios help investors to determine whether Polen 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 Polen with respect to the benefits of owning Polen Small security.
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