Pfg American Funds Fund Market Value
| PFGGX Fund | USD 13.00 0.06 0.46% |
| Symbol | Pfg |
Pfg American '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 Pfg American'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 Pfg American.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Pfg American on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Pfg American Funds or generate 0.0% return on investment in Pfg American over 720 days. Pfg American is related to or competes with Riskproreg Pfg, Pfg Fidelity, Pfg Br, and Riskproreg. Under normal market circumstances, the fund invests approximately 50 percent of its assets in American underlying funds ... More
Pfg American 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 Pfg American'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 Pfg American Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.0393 | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.31 |
Pfg American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pfg American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pfg American's standard deviation. In reality, there are many statistical measures that can use Pfg American historical prices to predict the future Pfg American's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 0.0516 | |||
| Total Risk Alpha | 0.0313 | |||
| Sortino Ratio | 0.0311 | |||
| Treynor Ratio | 0.5361 |
Pfg American Funds Backtested Returns
At this stage we consider Pfg Mutual Fund to be very steady. Pfg American Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.0456, which implies the entity had a 0.0456% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pfg American Funds, which you can use to evaluate the volatility of the fund. Please check Pfg American's Coefficient Of Variation of 1263.81, risk adjusted performance of 0.0629, and Semi Deviation of 0.7587 to confirm if the risk estimate we provide is consistent with the expected return of 0.0359%. The fund holds a Beta of 0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pfg American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pfg American is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Pfg American Funds has good predictability. Overlapping area represents the amount of predictability between Pfg American time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Pfg American Funds price movement. The serial correlation of 0.69 indicates that around 69.0% of current Pfg American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Pfg American Funds lagged returns against current returns
Autocorrelation, which is Pfg American 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 Pfg American's mutual fund expected returns. We can calculate the autocorrelation of Pfg American returns to help us make a trade decision. For example, suppose you find that Pfg American 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 |
Pfg American 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 Pfg American mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pfg American mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pfg American mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pfg American Lagged Returns
When evaluating Pfg American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pfg American mutual fund have on its future price. Pfg American 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, Pfg American autocorrelation shows the relationship between Pfg American mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pfg American Funds.
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 Pfg Mutual Fund
Pfg American financial ratios help investors to determine whether Pfg 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 Pfg with respect to the benefits of owning Pfg American security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |