Government High Quality Fund Market Value
| PMRIX Fund | USD 9.00 0.03 0.33% |
| Symbol | Government |
Government High '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 Government High'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 Government High.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Government High on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Government High Quality or generate 0.0% return on investment in Government High over 30 days. Government High is related to or competes with Tfa Alphagen, T Rowe, Rational Defensive, L Abbett, Qs Growth, Pace Large, and Nationwide Growth. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in debt securities ... More
Government High 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 Government High'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 Government High Quality upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.46 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.3367 |
Government High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Government High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Government High's standard deviation. In reality, there are many statistical measures that can use Government High historical prices to predict the future Government High's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4751 |
Government High Quality Backtested Returns
Government High Quality holds Efficiency (Sharpe) Ratio of -0.0693, which attests that the entity had a -0.0693% return per unit of risk over the last 3 months. Government High Quality exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Government High's Market Risk Adjusted Performance of 0.4851, risk adjusted performance of (0.05), and Standard Deviation of 0.3378 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0586, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Government High are expected to decrease at a much lower rate. During the bear market, Government High is likely to outperform the market.
Auto-correlation | -0.52 |
Good reverse predictability
Government High Quality has good reverse predictability. Overlapping area represents the amount of predictability between Government High time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Government High Quality price movement. The serial correlation of -0.52 indicates that about 52.0% of current Government High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Government High Quality lagged returns against current returns
Autocorrelation, which is Government High 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 Government High's mutual fund expected returns. We can calculate the autocorrelation of Government High returns to help us make a trade decision. For example, suppose you find that Government High 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 |
Government High 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 Government High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Government High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Government High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Government High Lagged Returns
When evaluating Government High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Government High mutual fund have on its future price. Government High 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, Government High autocorrelation shows the relationship between Government High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Government High Quality.
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 Government Mutual Fund
Government High financial ratios help investors to determine whether Government 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 Government with respect to the benefits of owning Government High security.
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