Princeton Premium Fund Market Value
| PPFIX Fund | USD 11.92 0.18 1.49% |
| Symbol | Princeton |
Princeton Premium '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 Princeton Premium'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 Princeton Premium.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Princeton Premium on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Princeton Premium or generate 0.0% return on investment in Princeton Premium over 30 days. Princeton Premium is related to or competes with Calvert Conservative, Allianzgi Diversified, Lord Abbett, Delaware Limited, Stone Ridge, and Prudential Core. The adviser utilize two principal investment strategies a premium collection strategy involving sale or purchase of put ... More
Princeton Premium 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 Princeton Premium'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 Princeton Premium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6736 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.1664 |
Princeton Premium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Princeton Premium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Princeton Premium's standard deviation. In reality, there are many statistical measures that can use Princeton Premium historical prices to predict the future Princeton Premium's volatility.| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.63) |
Princeton Premium Backtested Returns
At this stage we consider Princeton Mutual Fund to be very steady. Princeton Premium maintains Sharpe Ratio (i.e., Efficiency) of 0.0336, which implies the entity had a 0.0336% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Princeton Premium, which you can use to evaluate the volatility of the fund. Please check Princeton Premium's Semi Deviation of 0.2175, coefficient of variation of 2536.39, and Risk Adjusted Performance of 0.0021 to confirm if the risk estimate we provide is consistent with the expected return of 0.0068%. The fund holds a Beta of 0.0034, which implies not very significant fluctuations relative to the market. As returns on the market increase, Princeton Premium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Princeton Premium is expected to be smaller as well.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Princeton Premium has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Princeton Premium time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Princeton Premium price movement. The serial correlation of -0.79 indicates that around 79.0% of current Princeton Premium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Princeton Premium lagged returns against current returns
Autocorrelation, which is Princeton Premium 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 Princeton Premium's mutual fund expected returns. We can calculate the autocorrelation of Princeton Premium returns to help us make a trade decision. For example, suppose you find that Princeton Premium 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 |
Princeton Premium 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 Princeton Premium mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Princeton Premium mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Princeton Premium mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Princeton Premium Lagged Returns
When evaluating Princeton Premium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Princeton Premium mutual fund have on its future price. Princeton Premium 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, Princeton Premium autocorrelation shows the relationship between Princeton Premium mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Princeton Premium.
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 Princeton Mutual Fund
Princeton Premium financial ratios help investors to determine whether Princeton 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 Princeton with respect to the benefits of owning Princeton Premium security.
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