Pia Bbb Bond Fund Market Value
| PBBBX Fund | USD 8.58 0.03 0.35% |
| Symbol | Pia |
Pia Bbb '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 Pia Bbb'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 Pia Bbb.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Pia Bbb on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pia Bbb Bond or generate 0.0% return on investment in Pia Bbb over 30 days. Pia Bbb is related to or competes with Ab Select, Scharf Fund, Huber Capital, Sarofim Equity, Ms Global, Qs Global, and Us Vector. The fund normally invests at least 80 percent of its net assets in bonds rated BBB by Standard Poors, Baa by Moodys or B... More
Pia Bbb 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 Pia Bbb'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 Pia Bbb Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.3542 |
Pia Bbb Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pia Bbb's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pia Bbb's standard deviation. In reality, there are many statistical measures that can use Pia Bbb historical prices to predict the future Pia Bbb's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.24) |
Pia Bbb Bond Backtested Returns
Pia Bbb Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0372, which implies the entity had a -0.0372% return per unit of risk over the last 3 months. Pia Bbb Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pia Bbb's Coefficient Of Variation of (5,019), variance of 0.1071, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The fund holds a Beta of 0.0697, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pia Bbb's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pia Bbb is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
Pia Bbb Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Pia Bbb time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Pia Bbb Bond price movement. The serial correlation of -0.66 indicates that around 66.0% of current Pia Bbb price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pia Bbb Bond lagged returns against current returns
Autocorrelation, which is Pia Bbb 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 Pia Bbb's mutual fund expected returns. We can calculate the autocorrelation of Pia Bbb returns to help us make a trade decision. For example, suppose you find that Pia Bbb 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 |
Pia Bbb 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 Pia Bbb mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pia Bbb mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pia Bbb mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pia Bbb Lagged Returns
When evaluating Pia Bbb's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pia Bbb mutual fund have on its future price. Pia Bbb 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, Pia Bbb autocorrelation shows the relationship between Pia Bbb mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pia Bbb Bond.
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 Pia Mutual Fund
Pia Bbb financial ratios help investors to determine whether Pia 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 Pia with respect to the benefits of owning Pia Bbb security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |