Blue Chip Fund Market Value
| PGBGX Fund | USD 45.04 0.64 1.40% |
| Symbol | Blue |
Blue Chip '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 Blue Chip'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 Blue Chip.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Blue Chip on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Blue Chip Fund or generate 0.0% return on investment in Blue Chip over 30 days. Blue Chip is related to or competes with Calvert High, Gmo High, City National, Pace High, Artisan High, and Pace High. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Blue Chip 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 Blue Chip'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 Blue Chip Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.32 |
Blue Chip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Chip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Chip's standard deviation. In reality, there are many statistical measures that can use Blue Chip historical prices to predict the future Blue Chip's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.14) |
Blue Chip Fund Backtested Returns
Blue Chip Fund secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12 % return per unit of risk over the last 3 months. Blue Chip Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blue Chip's Risk Adjusted Performance of (0.05), mean deviation of 0.7458, and Standard Deviation of 1.09 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blue Chip's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blue Chip is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Blue Chip Fund has good predictability. Overlapping area represents the amount of predictability between Blue Chip time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 Blue Chip Fund price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Blue Chip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Blue Chip Fund lagged returns against current returns
Autocorrelation, which is Blue Chip 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 Blue Chip's mutual fund expected returns. We can calculate the autocorrelation of Blue Chip returns to help us make a trade decision. For example, suppose you find that Blue Chip 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 |
Blue Chip 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 Blue Chip mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Chip mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Chip mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blue Chip Lagged Returns
When evaluating Blue Chip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Chip mutual fund have on its future price. Blue Chip 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, Blue Chip autocorrelation shows the relationship between Blue Chip mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blue Chip 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 Blue Mutual Fund
Blue Chip financial ratios help investors to determine whether Blue 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 Blue with respect to the benefits of owning Blue Chip security.
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