Paydenkravitz Cash Balance Fund Market Value
| PKCBX Fund | USD 10.34 0.02 0.19% |
| Symbol | Paydenkravitz |
Paydenkravitz Cash '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 Paydenkravitz Cash'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 Paydenkravitz Cash.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Paydenkravitz Cash on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Paydenkravitz Cash Balance or generate 0.0% return on investment in Paydenkravitz Cash over 720 days. Paydenkravitz Cash is related to or competes with Payden Porate, Payden Absolute, Payden Absolute, Payden Emerging, Payden Regal, Payden E, and Payden Emerging. The fund is designed as an investment vehicle for cash balance pension plans More
Paydenkravitz Cash 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 Paydenkravitz Cash'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 Paydenkravitz Cash Balance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1195 | |||
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 0.3924 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.1938 |
Paydenkravitz Cash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paydenkravitz Cash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paydenkravitz Cash's standard deviation. In reality, there are many statistical measures that can use Paydenkravitz Cash historical prices to predict the future Paydenkravitz Cash's volatility.| Risk Adjusted Performance | 0.2382 | |||
| Jensen Alpha | 0.0284 | |||
| Total Risk Alpha | 0.0142 | |||
| Sortino Ratio | (0.64) | |||
| Treynor Ratio | (0.94) |
Paydenkravitz Cash Backtested Returns
At this stage we consider Paydenkravitz Mutual Fund to be very steady. Paydenkravitz Cash maintains Sharpe Ratio (i.e., Efficiency) of 0.4, which implies the entity had a 0.4% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Paydenkravitz Cash, which you can use to evaluate the volatility of the fund. Please check Paydenkravitz Cash's Standard Deviation of 0.0815, risk adjusted performance of 0.2382, and Downside Deviation of 0.1195 to confirm if the risk estimate we provide is consistent with the expected return of 0.0326%. The fund holds a Beta of -0.0272, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Paydenkravitz Cash are expected to decrease at a much lower rate. During the bear market, Paydenkravitz Cash is likely to outperform the market.
Auto-correlation | 0.87 |
Very good predictability
Paydenkravitz Cash Balance has very good predictability. Overlapping area represents the amount of predictability between Paydenkravitz Cash time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Paydenkravitz Cash price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Paydenkravitz Cash price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Paydenkravitz Cash lagged returns against current returns
Autocorrelation, which is Paydenkravitz Cash 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 Paydenkravitz Cash's mutual fund expected returns. We can calculate the autocorrelation of Paydenkravitz Cash returns to help us make a trade decision. For example, suppose you find that Paydenkravitz Cash 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 |
Paydenkravitz Cash 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 Paydenkravitz Cash mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paydenkravitz Cash mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paydenkravitz Cash mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Paydenkravitz Cash Lagged Returns
When evaluating Paydenkravitz Cash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paydenkravitz Cash mutual fund have on its future price. Paydenkravitz Cash 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, Paydenkravitz Cash autocorrelation shows the relationship between Paydenkravitz Cash mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Paydenkravitz Cash Balance.
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 Paydenkravitz Mutual Fund
Paydenkravitz Cash financial ratios help investors to determine whether Paydenkravitz 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 Paydenkravitz with respect to the benefits of owning Paydenkravitz Cash security.
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