Flaherty Crumrine Preferredome Fund Market Value
| PFD Fund | USD 11.68 0.02 0.17% |
| Symbol | Flaherty |
Flaherty Crumrine '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 Flaherty Crumrine's 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 Flaherty Crumrine.
| 01/21/2023 |
| 12/11/2024 |
If you would invest 0.00 in Flaherty Crumrine on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Flaherty Crumrine Preferredome or generate 0.0% return on investment in Flaherty Crumrine over 690 days. Flaherty Crumrine is related to or competes with Oxford Lane, Orchid Island, Guggenheim Strategic, and Stone Harbor. Flaherty Crumrine Preferred Income Fund Inc More
Flaherty Crumrine 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 Flaherty Crumrine's 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 Flaherty Crumrine Preferredome upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6838 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.04 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.02 |
Flaherty Crumrine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flaherty Crumrine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flaherty Crumrine's standard deviation. In reality, there are many statistical measures that can use Flaherty Crumrine historical prices to predict the future Flaherty Crumrine's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | 0.0037 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.1659 |
Flaherty Crumrine Backtested Returns
At this point, Flaherty Crumrine is very steady. Flaherty Crumrine secures Sharpe Ratio (or Efficiency) of 0.0192, which denotes the fund had a 0.0192% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Flaherty Crumrine Preferredome, which you can use to evaluate the volatility of the entity. Please confirm Flaherty Crumrine's Semi Deviation of 0.6258, mean deviation of 0.52, and Downside Deviation of 0.6838 to check if the risk estimate we provide is consistent with the expected return of 0.0132%. The fund shows a Beta (market volatility) of 0.0714, which means not very significant fluctuations relative to the market. As returns on the market increase, Flaherty Crumrine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flaherty Crumrine is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Flaherty Crumrine Preferredome has good reverse predictability. Overlapping area represents the amount of predictability between Flaherty Crumrine time series from 21st of January 2023 to 1st of January 2024 and 1st of January 2024 to 11th 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 Flaherty Crumrine price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Flaherty Crumrine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Flaherty Crumrine lagged returns against current returns
Autocorrelation, which is Flaherty Crumrine 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 Flaherty Crumrine's fund expected returns. We can calculate the autocorrelation of Flaherty Crumrine returns to help us make a trade decision. For example, suppose you find that Flaherty Crumrine has exhibited high autocorrelation historically, and you observe that the 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 |
Flaherty Crumrine 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 Flaherty Crumrine fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flaherty Crumrine fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flaherty Crumrine fund over time.
Current vs Lagged Prices |
| Timeline |
Flaherty Crumrine Lagged Returns
When evaluating Flaherty Crumrine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flaherty Crumrine fund have on its future price. Flaherty Crumrine 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, Flaherty Crumrine autocorrelation shows the relationship between Flaherty Crumrine fund current value and its past values and can show if there is a momentum factor associated with investing in Flaherty Crumrine Preferredome.
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 Flaherty Fund
Flaherty Crumrine financial ratios help investors to determine whether Flaherty 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 Flaherty with respect to the benefits of owning Flaherty Crumrine security.
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