Plumb Equity Fund Market Value

PLAEX Fund  USD 27.74  0.64  2.36%   
Plumb Equity's market value is the price at which a share of Plumb Equity trades on a public exchange. It measures the collective expectations of Plumb Equity investors about its performance. Plumb Equity is trading at 27.74 as of the 16th of March 2025; that is 2.36 percent up since the beginning of the trading day. The fund's open price was 27.1.
With this module, you can estimate the performance of a buy and hold strategy of Plumb Equity and determine expected loss or profit from investing in Plumb Equity over a given investment horizon. Check out Plumb Equity Correlation, Plumb Equity Volatility and Plumb Equity Alpha and Beta module to complement your research on Plumb Equity.
Symbol

Please note, there is a significant difference between Plumb Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plumb Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plumb Equity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Plumb Equity '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 Plumb Equity'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 Plumb Equity.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Plumb Equity on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Plumb Equity or generate 0.0% return on investment in Plumb Equity over 90 days. Plumb Equity is related to or competes with Franklin Emerging, Pnc Emerging, T Rowe, Siit Emerging, Ab All, and Rbc Emerging. The fund normally invests at least 80 percent of its assets, including borrowings for investment purposes, in common sto... More

Plumb Equity 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 Plumb Equity'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 Plumb Equity upside and downside potential and time the market with a certain degree of confidence.

Plumb Equity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Plumb Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plumb Equity's standard deviation. In reality, there are many statistical measures that can use Plumb Equity historical prices to predict the future Plumb Equity's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plumb Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
26.2927.5928.89
Details
Intrinsic
Valuation
LowRealHigh
26.8028.1029.40
Details
Naive
Forecast
LowNextHigh
25.8427.1328.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.3229.5631.79
Details

Plumb Equity Backtested Returns

Plumb Equity maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the entity had a -0.15 % return per unit of risk over the last 3 months. Plumb Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plumb Equity's Coefficient Of Variation of (596.29), risk adjusted performance of (0.14), and Variance of 1.63 to confirm the risk estimate we provide. The fund holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. Plumb Equity returns are very sensitive to returns on the market. As the market goes up or down, Plumb Equity is expected to follow.

Auto-correlation

    
  -0.27  

Weak reverse predictability

Plumb Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Plumb Equity time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Plumb Equity price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Plumb Equity price fluctuation can be explain by its past prices.
Correlation Coefficient-0.27
Spearman Rank Test-0.34
Residual Average0.0
Price Variance1.37

Plumb Equity lagged returns against current returns

Autocorrelation, which is Plumb Equity 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 Plumb Equity's mutual fund expected returns. We can calculate the autocorrelation of Plumb Equity returns to help us make a trade decision. For example, suppose you find that Plumb Equity 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  

Plumb Equity 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 Plumb Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plumb Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plumb Equity mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Plumb Equity Lagged Returns

When evaluating Plumb Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plumb Equity mutual fund have on its future price. Plumb Equity 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, Plumb Equity autocorrelation shows the relationship between Plumb Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Plumb Equity.
   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 Plumb Mutual Fund

Plumb Equity financial ratios help investors to determine whether Plumb 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 Plumb with respect to the benefits of owning Plumb Equity security.
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