Principal Global Sustainable Fund Market Value
| PGSLX Fund | 10.34 0.03 0.29% |
| Symbol | Principal |
Principal Global '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 Principal Global'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 Principal Global.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Principal Global on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Global Sustainable or generate 0.0% return on investment in Principal Global over 30 days. Principal Global is related to or competes with Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, International Equity, Strategic Asset, and International Small. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80 percent of its net assets,... More
Principal Global 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 Principal Global'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 Principal Global Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 0.9418 |
Principal Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Global's standard deviation. In reality, there are many statistical measures that can use Principal Global historical prices to predict the future Principal Global's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 1.64 |
Principal Global Sus Backtested Returns
Principal Global Sus maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the entity had a -0.21% return per unit of risk over the last 3 months. Principal Global Sus exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Principal Global's Variance of 0.7053, coefficient of variation of (416.73), and Risk Adjusted Performance of (0.19) to confirm the risk estimate we provide. The fund holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Principal Global are expected to decrease at a much lower rate. During the bear market, Principal Global is likely to outperform the market.
Auto-correlation | 0.71 |
Good predictability
Principal Global Sustainable has good predictability. Overlapping area represents the amount of predictability between Principal Global time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 Principal Global Sus price movement. The serial correlation of 0.71 indicates that around 71.0% of current Principal Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Principal Global Sus lagged returns against current returns
Autocorrelation, which is Principal Global 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 Principal Global's mutual fund expected returns. We can calculate the autocorrelation of Principal Global returns to help us make a trade decision. For example, suppose you find that Principal Global 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 |
Principal Global 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 Principal Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Principal Global Lagged Returns
When evaluating Principal Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Global mutual fund have on its future price. Principal Global 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, Principal Global autocorrelation shows the relationship between Principal Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Global Sustainable.
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.| S | SentinelOne | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Other Information on Investing in Principal Mutual Fund
Principal Global financial ratios help investors to determine whether Principal 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 Principal with respect to the benefits of owning Principal Global security.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |