Predex Funds Fund Market Value
| PRDEX Fund | USD 23.40 0.00 0.00% |
| Symbol | Predex |
Predex 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 Predex 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 Predex Funds.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Predex Funds on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Predex Funds or generate 0.0% return on investment in Predex Funds over 720 days. Predex Funds is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Predex Funds is entity of United States. It is traded as Fund on NASDAQ exchange. More
Predex 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 Predex 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 Predex Funds upside and downside potential and time the market with a certain degree of confidence.
Predex Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Predex Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Predex Funds' standard deviation. In reality, there are many statistical measures that can use Predex Funds historical prices to predict the future Predex Funds' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Predex 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.
Predex Funds Backtested Returns
We have found three technical indicators for Predex Funds, which you can use to evaluate the volatility of the fund. The fund holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Predex Funds are completely uncorrelated.
Auto-correlation | 0.87 |
Very good predictability
Predex Funds has very good predictability. Overlapping area represents the amount of predictability between Predex Funds time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Predex Funds price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Predex Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Predex Funds lagged returns against current returns
Autocorrelation, which is Predex 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 Predex Funds' mutual fund expected returns. We can calculate the autocorrelation of Predex Funds returns to help us make a trade decision. For example, suppose you find that Predex 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 |
Predex 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 Predex Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Predex 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 Predex Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Predex Funds Lagged Returns
When evaluating Predex Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Predex Funds mutual fund have on its future price. Predex 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, Predex Funds autocorrelation shows the relationship between Predex Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Predex Funds.
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 Predex Mutual Fund
Predex Funds financial ratios help investors to determine whether Predex 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 Predex with respect to the benefits of owning Predex Funds security.
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