Pfg Janus Henderson Fund Market Value
| PFJHX Fund | USD 10.19 0.08 0.79% |
| Symbol | Pfg |
Pfg Janus '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 Janus' 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 Janus.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Pfg Janus on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pfg Janus Henderson or generate 0.0% return on investment in Pfg Janus over 30 days. Pfg Janus is related to or competes with Riskproreg Pfg, Pfg American, Pfg Br, Riskproreg Dynamic, Pfg American, Pfg Fidelity, and Pfg Fidelity. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets, plus any amounts ... More
Pfg Janus 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 Janus' 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 Janus Henderson upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6259 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.7913 |
Pfg Janus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pfg Janus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pfg Janus' standard deviation. In reality, there are many statistical measures that can use Pfg Janus historical prices to predict the future Pfg Janus' volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 6.0E-4 |
Pfg Janus Henderson Backtested Returns
At this stage we consider Pfg Mutual Fund to be very steady. Pfg Janus Henderson maintains Sharpe Ratio (i.e., Efficiency) of 0.0226, which implies the entity had a 0.0226% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pfg Janus Henderson, which you can use to evaluate the volatility of the fund. Please check Pfg Janus' Coefficient Of Variation of 5101.15, risk adjusted performance of 0.0105, and Semi Deviation of 0.4778 to confirm if the risk estimate we provide is consistent with the expected return of 0.012%. The fund holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pfg Janus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pfg Janus is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Pfg Janus Henderson has excellent reverse predictability. Overlapping area represents the amount of predictability between Pfg Janus time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 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 Janus Henderson price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Pfg Janus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Pfg Janus Henderson lagged returns against current returns
Autocorrelation, which is Pfg Janus 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 Janus' mutual fund expected returns. We can calculate the autocorrelation of Pfg Janus returns to help us make a trade decision. For example, suppose you find that Pfg Janus 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 Janus 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 Janus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pfg Janus 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 Janus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pfg Janus Lagged Returns
When evaluating Pfg Janus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pfg Janus mutual fund have on its future price. Pfg Janus 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 Janus autocorrelation shows the relationship between Pfg Janus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pfg Janus Henderson.
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 Janus 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 Janus security.
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