Pace Mortgage Backed Securities Fund Market Value
| PCGTX Fund | USD 10.25 0.02 0.19% |
| Symbol | Pace |
Pace Mortgage-backed '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 Pace Mortgage-backed'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 Pace Mortgage-backed.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Pace Mortgage-backed on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pace Mortgage Backed Securities or generate 0.0% return on investment in Pace Mortgage-backed over 90 days. Pace Mortgage-backed is related to or competes with Fidelity Advisor, Rmb Mendon, Prudential Financial, 1919 Financial, Financial Industries, and John Hancock. 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. More
Pace Mortgage-backed 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 Pace Mortgage-backed'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 Pace Mortgage Backed Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3769 | |||
| Information Ratio | 0.2871 | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.5888 |
Pace Mortgage-backed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Mortgage-backed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Mortgage-backed's standard deviation. In reality, there are many statistical measures that can use Pace Mortgage-backed historical prices to predict the future Pace Mortgage-backed's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | 0.0427 | |||
| Sortino Ratio | 0.2802 | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pace Mortgage-backed'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.
Pace Mortgage Backed Backtested Returns
At this stage we consider Pace Mutual Fund to be very steady. Pace Mortgage Backed maintains Sharpe Ratio (i.e., Efficiency) of 0.0864, which implies the entity had a 0.0864 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pace Mortgage Backed, which you can use to evaluate the volatility of the fund. Please check Pace Mortgage-backed's Coefficient Of Variation of 5583.1, risk adjusted performance of 0.0019, and Semi Deviation of 0.3188 to confirm if the risk estimate we provide is consistent with the expected return of 0.0319%. The fund holds a Beta of 0.0637, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pace Mortgage-backed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pace Mortgage-backed is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Pace Mortgage Backed Securities has insignificant predictability. Overlapping area represents the amount of predictability between Pace Mortgage-backed time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Pace Mortgage Backed price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Pace Mortgage-backed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pace Mortgage Backed lagged returns against current returns
Autocorrelation, which is Pace Mortgage-backed 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 Pace Mortgage-backed's mutual fund expected returns. We can calculate the autocorrelation of Pace Mortgage-backed returns to help us make a trade decision. For example, suppose you find that Pace Mortgage-backed 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 |
Pace Mortgage-backed 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 Pace Mortgage-backed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Mortgage-backed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Mortgage-backed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Mortgage-backed Lagged Returns
When evaluating Pace Mortgage-backed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Mortgage-backed mutual fund have on its future price. Pace Mortgage-backed 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, Pace Mortgage-backed autocorrelation shows the relationship between Pace Mortgage-backed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Mortgage Backed Securities.
Regressed Prices |
| Timeline |
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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 Pace Mutual Fund
Pace Mortgage-backed 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-backed security.
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