Principal Lifetime Hybrid Fund Market Value
| PLKTX Fund | USD 18.09 0.10 0.55% |
| Symbol | Principal |
Principal Lifetime '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 Lifetime'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 Lifetime.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Principal Lifetime on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Principal Lifetime Hybrid or generate 0.0% return on investment in Principal Lifetime over 360 days. Principal Lifetime is related to or competes with Mutual Of, Palm Valley, Victory Rs, Lsv Small, Great West, and Amg River. The fund operates as a target date fund that invests according to an asset allocation strategy designed for investors ha... More
Principal Lifetime 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 Lifetime'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 Lifetime Hybrid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5792 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 1.02 |
Principal Lifetime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Lifetime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Lifetime's standard deviation. In reality, there are many statistical measures that can use Principal Lifetime historical prices to predict the future Principal Lifetime's volatility.| Risk Adjusted Performance | 0.125 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | 5.0E-4 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.25 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Lifetime'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.
Principal Lifetime Hybrid Backtested Returns
At this stage we consider Principal Mutual Fund to be very steady. Principal Lifetime Hybrid maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Principal Lifetime Hybrid, which you can use to evaluate the volatility of the fund. Please check Principal Lifetime's Risk Adjusted Performance of 0.125, semi deviation of 0.3926, and Coefficient Of Variation of 568.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0726%. The fund holds a Beta of 0.0761, which implies not very significant fluctuations relative to the market. As returns on the market increase, Principal Lifetime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Lifetime is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Principal Lifetime Hybrid has good predictability. Overlapping area represents the amount of predictability between Principal Lifetime time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Principal Lifetime Hybrid price movement. The serial correlation of 0.74 indicates that around 74.0% of current Principal Lifetime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Principal Lifetime Hybrid lagged returns against current returns
Autocorrelation, which is Principal Lifetime 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 Lifetime's mutual fund expected returns. We can calculate the autocorrelation of Principal Lifetime returns to help us make a trade decision. For example, suppose you find that Principal Lifetime 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 Lifetime 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 Lifetime mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Lifetime 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 Lifetime mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Principal Lifetime Lagged Returns
When evaluating Principal Lifetime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Lifetime mutual fund have on its future price. Principal Lifetime 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 Lifetime autocorrelation shows the relationship between Principal Lifetime mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Principal Lifetime Hybrid.
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 Principal Mutual Fund
Principal Lifetime 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 Lifetime security.
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