Pacific Funds Ultra Fund Market Value
| PLUDX Fund | USD 9.97 0.00 0.00% |
| Symbol | Pacific |
Pacific Funds '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 Pacific Funds' 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 Pacific Funds.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pacific Funds on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Funds Ultra or generate 0.0% return on investment in Pacific Funds over 210 days. Pacific Funds is related to or competes with Jhancock Diversified, Massmutual Select, Adams Diversified, Prudential Core, Blackrock Conservative, Oppenheimer International, and Lord Abbett. The fund primarily invests in investment grade, U.S More
Pacific Funds 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 Pacific Funds' 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 Pacific Funds Ultra upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.27) | |||
| Maximum Drawdown | 0.6063 | |||
| Potential Upside | 0.1013 |
Pacific Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Funds' standard deviation. In reality, there are many statistical measures that can use Pacific Funds historical prices to predict the future Pacific Funds' volatility.| Risk Adjusted Performance | 0.0921 | |||
| Jensen Alpha | 0.0106 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (2.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacific Funds' 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.
Pacific Funds Ultra Backtested Returns
At this stage we consider Pacific Mutual Fund to be very steady. Pacific Funds Ultra maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the entity had a 0.18% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Pacific Funds Ultra, which you can use to evaluate the volatility of the fund. Please check Pacific Funds' Risk Adjusted Performance of 0.0921, variance of 0.0086, and Coefficient Of Variation of 464.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund holds a Beta of -0.0049, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pacific Funds are expected to decrease at a much lower rate. During the bear market, Pacific Funds is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
Pacific Funds Ultra has very good predictability. Overlapping area represents the amount of predictability between Pacific Funds time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Pacific Funds Ultra price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Pacific Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Funds Ultra lagged returns against current returns
Autocorrelation, which is Pacific Funds 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 Pacific Funds' mutual fund expected returns. We can calculate the autocorrelation of Pacific Funds returns to help us make a trade decision. For example, suppose you find that Pacific Funds 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 |
Pacific Funds 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 Pacific Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Funds mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pacific Funds Lagged Returns
When evaluating Pacific Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Funds mutual fund have on its future price. Pacific Funds 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, Pacific Funds autocorrelation shows the relationship between Pacific Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pacific Funds Ultra.
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 Pacific Mutual Fund
Pacific Funds financial ratios help investors to determine whether Pacific 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 Pacific with respect to the benefits of owning Pacific Funds security.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
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| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |