Pinnacle Sherman Multi Strategy Fund Market Value
| CPSHX Fund | USD 12.00 0.03 0.25% |
| Symbol | Pinnacle |
Pinnacle Sherman '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 Pinnacle Sherman'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 Pinnacle Sherman.
| 06/11/2023 |
| 01/01/2025 |
If you would invest 0.00 in Pinnacle Sherman on June 11, 2023 and sell it all today you would earn a total of 0.00 from holding Pinnacle Sherman Multi Strategy or generate 0.0% return on investment in Pinnacle Sherman over 570 days. Pinnacle Sherman is related to or competes with Red Oak, Dreyfus Technology, Dreyfus Technology, Blackrock Science, Hennessy Technology, Columbia Global, and Janus Global. The fund seeks to meet its investment objective by investing, under normal market conditions, in foreign and domestic eq... More
Pinnacle Sherman 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 Pinnacle Sherman'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 Pinnacle Sherman Multi Strategy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.14 |
Pinnacle Sherman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle Sherman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle Sherman's standard deviation. In reality, there are many statistical measures that can use Pinnacle Sherman historical prices to predict the future Pinnacle Sherman's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.82) |
Pinnacle Sherman Multi Backtested Returns
Pinnacle Sherman Multi maintains Sharpe Ratio (i.e., Efficiency) of -0.0285, which implies the entity had a -0.0285% return per unit of risk over the last 3 months. Pinnacle Sherman Multi exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pinnacle Sherman's Coefficient Of Variation of (3,492), variance of 1.13, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The fund holds a Beta of 0.0496, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pinnacle Sherman's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pinnacle Sherman is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Pinnacle Sherman Multi Strategy has good predictability. Overlapping area represents the amount of predictability between Pinnacle Sherman time series from 11th of June 2023 to 22nd of March 2024 and 22nd of March 2024 to 1st of January 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 Pinnacle Sherman Multi price movement. The serial correlation of 0.7 indicates that around 70.0% of current Pinnacle Sherman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Pinnacle Sherman Multi lagged returns against current returns
Autocorrelation, which is Pinnacle Sherman 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 Pinnacle Sherman's mutual fund expected returns. We can calculate the autocorrelation of Pinnacle Sherman returns to help us make a trade decision. For example, suppose you find that Pinnacle Sherman 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 |
Pinnacle Sherman 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 Pinnacle Sherman mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle Sherman mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle Sherman mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle Sherman Lagged Returns
When evaluating Pinnacle Sherman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle Sherman mutual fund have on its future price. Pinnacle Sherman 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, Pinnacle Sherman autocorrelation shows the relationship between Pinnacle Sherman mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle Sherman Multi Strategy.
Regressed Prices |
| Timeline |
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| CRESY | Cresud SACIF y | |
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Other Information on Investing in Pinnacle Mutual Fund
Pinnacle Sherman financial ratios help investors to determine whether Pinnacle 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 Pinnacle with respect to the benefits of owning Pinnacle Sherman security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |