Diversified Income Fund Market Value
| PDIIX Fund | USD 9.75 0.02 0.21% |
| Symbol | Diversified |
Diversified Income '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 Diversified Income'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 Diversified Income.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Diversified Income on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Diversified Income Fund or generate 0.0% return on investment in Diversified Income over 30 days. Diversified Income is related to or competes with Mainstay High, Investment Grade, Commodityrealreturn, Blackrock Core, and Emerging Markets. The fund normally invests at least 65 percent of its total assets in a diversified portfolio of Fixed Income Instruments... More
Diversified Income 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 Diversified Income'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 Diversified Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2363 | |||
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 0.9287 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3119 |
Diversified Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diversified Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diversified Income's standard deviation. In reality, there are many statistical measures that can use Diversified Income historical prices to predict the future Diversified Income's volatility.| Risk Adjusted Performance | 0.0505 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | 0.2832 |
Diversified Income Backtested Returns
At this stage we consider Diversified Mutual Fund to be very steady. Diversified Income secures Sharpe Ratio (or Efficiency) of 0.0825, which denotes the fund had a 0.0825% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Diversified Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Diversified Income's Downside Deviation of 0.2363, coefficient of variation of 971.57, and Mean Deviation of 0.1487 to check if the risk estimate we provide is consistent with the expected return of 0.0166%. The fund shows a Beta (market volatility) of 0.0372, which means not very significant fluctuations relative to the market. As returns on the market increase, Diversified Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Diversified Income is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Diversified Income Fund has good predictability. Overlapping area represents the amount of predictability between Diversified Income time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Diversified Income price movement. The serial correlation of 0.66 indicates that around 66.0% of current Diversified Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diversified Income lagged returns against current returns
Autocorrelation, which is Diversified Income 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 Diversified Income's mutual fund expected returns. We can calculate the autocorrelation of Diversified Income returns to help us make a trade decision. For example, suppose you find that Diversified Income 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 |
Diversified Income 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 Diversified Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diversified Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diversified Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Diversified Income Lagged Returns
When evaluating Diversified Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diversified Income mutual fund have on its future price. Diversified Income 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, Diversified Income autocorrelation shows the relationship between Diversified Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Diversified Income Fund.
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 Diversified Mutual Fund
Diversified Income financial ratios help investors to determine whether Diversified 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 Diversified with respect to the benefits of owning Diversified Income security.
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