Principal Capital Appreciation Fund Market Value

CMNWX Fund  USD 73.64  1.26  1.68%   
Principal Capital's market value is the price at which a share of Principal Capital trades on a public exchange. It measures the collective expectations of Principal Capital Appreciation investors about its performance. Principal Capital is trading at 73.64 as of the 14th of March 2025; that is 1.68% down since the beginning of the trading day. The fund's open price was 74.9.
With this module, you can estimate the performance of a buy and hold strategy of Principal Capital Appreciation and determine expected loss or profit from investing in Principal Capital over a given investment horizon. Check out Principal Capital Correlation, Principal Capital Volatility and Principal Capital Alpha and Beta module to complement your research on Principal Capital.
Symbol

Please note, there is a significant difference between Principal Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Capital'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 Capital '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 Capital'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 Principal Capital.
0.00
12/14/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/14/2025
0.00
If you would invest  0.00  in Principal Capital on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Capital Appreciation or generate 0.0% return on investment in Principal Capital over 90 days. Principal Capital is related to or competes with Equity Income, Diversified International, Strategic Asset, Income Fund, and Strategic Asset. The fund invests primarily in equity securities of companies with any market capitalization, but it has a greater exposu... More

Principal Capital 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 Capital'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 Principal Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.

Principal Capital Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Capital's standard deviation. In reality, there are many statistical measures that can use Principal Capital historical prices to predict the future Principal Capital's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Capital'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.
Hype
Prediction
LowEstimatedHigh
72.4673.6474.82
Details
Intrinsic
Valuation
LowRealHigh
66.2875.2276.40
Details

Principal Capital Backtested Returns

Principal Capital maintains Sharpe Ratio (i.e., Efficiency) of -0.22, which implies the entity had a -0.22 % return per unit of risk over the last 3 months. Principal Capital exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Principal Capital's Variance of 1.31, coefficient of variation of (538.82), and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The fund holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Principal Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Capital is expected to be smaller as well.

Auto-correlation

    
  -0.21  

Weak reverse predictability

Principal Capital Appreciation has weak reverse predictability. Overlapping area represents the amount of predictability between Principal Capital time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 2025. 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 Capital price movement. The serial correlation of -0.21 indicates that over 21.0% of current Principal Capital price fluctuation can be explain by its past prices.
Correlation Coefficient-0.21
Spearman Rank Test-0.23
Residual Average0.0
Price Variance3.49

Principal Capital lagged returns against current returns

Autocorrelation, which is Principal Capital 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 Principal Capital's mutual fund expected returns. We can calculate the autocorrelation of Principal Capital returns to help us make a trade decision. For example, suppose you find that Principal Capital 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  

Principal Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Capital mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Principal Capital Lagged Returns

When evaluating Principal Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Capital mutual fund have on its future price. Principal Capital 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 Capital autocorrelation shows the relationship between Principal Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Capital Appreciation.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Principal Mutual Fund

Principal Capital financial ratios help investors to determine whether Principal 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 Principal with respect to the benefits of owning Principal Capital security.
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