Pace Mortgage Backed Securities Fund Price on November 14, 2024
| PFXAX Fund | USD 10.19 0.03 0.29% |
Below is the normalized historical share price chart for Pace Mortgage Backed Securities extending back to February 27, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Pace Mortgage stands at 10.19, as last reported on the 17th of December 2024, with the highest price reaching 10.19 and the lowest price hitting 10.19 during the day.
If you're considering investing in Pace Mutual Fund, it is important to understand the factors that can impact its price. Pace Mortgage Backed maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the entity had a -0.16% return per unit of risk over the last 3 months. Pace Mortgage Backed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pace Mortgage's Variance of 0.1155, coefficient of variation of (588.56), and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide.
Pace Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Pace |
Sharpe Ratio = -0.1584
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PFXAX |
Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Pace Mortgage is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pace Mortgage by adding Pace Mortgage to a well-diversified portfolio.
Pace Mortgage Valuation on November 14, 2024
It is possible to determine the worth of Pace Mortgage on a given historical date. On November 14, 2024 Pace was worth 10.16 at the beginning of the trading date compared to the closed value of 10.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pace Mortgage mutual fund. Still, in general, we apply an absolute valuation method to find Pace Mortgage's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Pace Mortgage where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pace Mortgage's related companies.
| Open | High | Low | Close | Volume | |
| 10.17 | 10.17 | 10.17 | 10.17 | 1.00 | |
11/14/2024 | 10.16 | 10.16 | 10.16 | 10.16 | 1.00 |
| 10.15 | 10.15 | 10.15 | 10.15 | 1.00 |
| Backtest Pace Mortgage | | | Pace Mortgage History | | | Pace Mortgage Valuation | Previous | Next |
Pace Mortgage Trading Date Momentum on November 14, 2024
| On November 15 2024 Pace Mortgage Backed Securities was traded for 10.15 at the closing time. The highest daily price throughout the period was 10.15 and the lowest price was 10.15 . There was no trading activity during the period 1.0. Lack of trading volume on 11/15/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.10% . The trading delta at closing time to current closing price is 0.98% . |
Pace Mortgage Backed Fundamentals Correlations and Trends
By evaluating Pace Mortgage's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Pace Mortgage's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Pace financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Pace Mortgage Mutual Fund history
Pace Mortgage investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Pace is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Pace Mortgage Backed will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Pace Mortgage stock prices may prove useful in developing a viable investing in Pace Mortgage
Under normal circumstances, the fund invests at least 80 percent of its net assets in a diversified portfolio of mortgage-related fixed income instruments, including mortgage-backed securities , commercial mortgage-backed securities, to be announced securities and mortgage dollar rolls.
Pace Mortgage Mutual Fund Technical Analysis
Pace Mortgage technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Pace Mortgage Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
Pace Mortgage Backed Securities cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Pace Mortgage December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Pace Mortgage mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pace Mortgage shares will generate the highest return on investment. By undertsting and applying Pace Mortgage mutual fund market strength indicators, traders can identify Pace Mortgage Backed Securities entry and exit signals to maximize returns
Pace Mortgage Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pace Mortgage's price direction in advance. Along with the technical and fundamental analysis of Pace Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Pace to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (1.71) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Pace Mutual Fund
Pace Mortgage financial ratios help investors to determine whether Pace 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 Pace with respect to the benefits of owning Pace Mortgage security.
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