Principal Small Cap Multi Factor Etf Market Value
| PSC Etf | USD 56.02 0.16 0.28% |
| Symbol | Principal |
The market value of Principal Small Cap is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Small's value that differs from its market value or its book value, called intrinsic value, which is Principal Small's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Small's market value can be influenced by many factors that don't directly affect Principal Small's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Principal Small '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 Principal Small's etf 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 Principal Small.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Principal Small on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Principal Small Cap Multi Factor or generate 0.0% return on investment in Principal Small over 720 days. Principal Small is related to or competes with Principal Value, Principal Quality, Invesco SP, First Trust, and Principal Mega. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Principal Small 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 Principal Small's etf 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 Principal Small Cap Multi Factor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0175 | |||
| Maximum Drawdown | 7.74 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 2.05 |
Principal Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Small's standard deviation. In reality, there are many statistical measures that can use Principal Small historical prices to predict the future Principal Small's volatility.| Risk Adjusted Performance | 0.0941 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0209 | |||
| Treynor Ratio | 0.0952 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Small's 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.
Principal Small Cap Backtested Returns
At this point, Principal Small is very steady. Principal Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Principal Small Cap, which you can use to evaluate the volatility of the etf. Please check Principal Small's Semi Deviation of 0.9363, coefficient of variation of 849.44, and Risk Adjusted Performance of 0.0941 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The etf holds a Beta of 1.5, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Principal Small will likely underperform.
Auto-correlation | 0.14 |
Insignificant predictability
Principal Small Cap Multi Factor has insignificant predictability. Overlapping area represents the amount of predictability between Principal Small time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Principal Small Cap price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Principal Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 7.79 |
Principal Small Cap lagged returns against current returns
Autocorrelation, which is Principal Small etf'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 Principal Small's etf expected returns. We can calculate the autocorrelation of Principal Small returns to help us make a trade decision. For example, suppose you find that Principal Small has exhibited high autocorrelation historically, and you observe that the etf 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 |
Principal Small 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 Principal Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Small etf over time.
Current vs Lagged Prices |
| Timeline |
Principal Small Lagged Returns
When evaluating Principal Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Small etf have on its future price. Principal Small 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, Principal Small autocorrelation shows the relationship between Principal Small etf current value and its past values and can show if there is a momentum factor associated with investing in Principal Small Cap Multi Factor.
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.When determining whether Principal Small Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Principal Small's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Principal Small Cap Multi Factor Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Principal Small Cap Multi Factor Etf:Check out Principal Small Correlation, Principal Small Volatility and Principal Small Alpha and Beta module to complement your research on Principal Small. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Principal Small technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.