Largecap Value Fund Market Value
| PLVJX Fund | USD 20.82 0.01 0.05% |
| Symbol | Largecap |
Largecap Value '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 Largecap Value'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 Largecap Value.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Largecap Value on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Largecap Value Fund or generate 0.0% return on investment in Largecap Value over 30 days. Largecap Value is related to or competes with Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, International Equity, Strategic Asset, and International Small. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Largecap Value 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 Largecap Value'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 Largecap Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4462 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.64 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 1.05 |
Largecap Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Largecap Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Largecap Value's standard deviation. In reality, there are many statistical measures that can use Largecap Value historical prices to predict the future Largecap Value's volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 0.0737 | |||
| Total Risk Alpha | 0.0027 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.9916 |
Largecap Value Backtested Returns
At this stage we consider Largecap Mutual Fund to be very steady. Largecap Value has Sharpe Ratio of 0.0983, which conveys that the entity had a 0.0983% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Largecap Value, which you can use to evaluate the volatility of the fund. Please verify Largecap Value's Downside Deviation of 0.4462, risk adjusted performance of 0.1032, and Mean Deviation of 0.4926 to check out if the risk estimate we provide is consistent with the expected return of 0.0616%. The fund secures a Beta (Market Risk) of 0.0818, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Largecap Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Largecap Value is expected to be smaller as well.
Auto-correlation | -0.94 |
Near perfect reversele predictability
Largecap Value Fund has near perfect reversele predictability. Overlapping area represents the amount of predictability between Largecap Value time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Largecap Value price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current Largecap Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.94 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Largecap Value lagged returns against current returns
Autocorrelation, which is Largecap Value 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 Largecap Value's mutual fund expected returns. We can calculate the autocorrelation of Largecap Value returns to help us make a trade decision. For example, suppose you find that Largecap Value 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 |
Largecap Value 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 Largecap Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Largecap Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Largecap Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Largecap Value Lagged Returns
When evaluating Largecap Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Largecap Value mutual fund have on its future price. Largecap Value 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, Largecap Value autocorrelation shows the relationship between Largecap Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Largecap Value 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 Largecap Mutual Fund
Largecap Value financial ratios help investors to determine whether Largecap 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 Largecap with respect to the benefits of owning Largecap Value security.
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