Pnc International Equity Fund Market Value
| PMIEX Fund | USD 21.26 3.06 12.58% |
| Symbol | Pnc |
Pnc International '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 Pnc International'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 Pnc International.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Pnc International on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Pnc International Equity or generate 0.0% return on investment in Pnc International over 30 days. Pnc International is related to or competes with Federated Emerging, Federated Mdt, Federated Mdt, Federated Global, Federated Hermes, Federated Strategic, and Federated Strategic. The fund primarily invests in a portfolio of equity securities that are tied economically to a number of countries throu... More
Pnc International 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 Pnc International'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 Pnc International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.06 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 0.8932 |
Pnc International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pnc International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pnc International's standard deviation. In reality, there are many statistical measures that can use Pnc International historical prices to predict the future Pnc International's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pnc International'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.
Pnc International Equity Backtested Returns
Pnc International Equity maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the entity had a -0.17% return per unit of risk over the last 3 months. Pnc International Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pnc International's Risk Adjusted Performance of (0.13), variance of 2.83, and Coefficient Of Variation of (594.84) to confirm the risk estimate we provide. The fund holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pnc International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pnc International is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Pnc International Equity has excellent reverse predictability. Overlapping area represents the amount of predictability between Pnc International time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Pnc International Equity price movement. The serial correlation of -0.82 indicates that around 82.0% of current Pnc International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Pnc International Equity lagged returns against current returns
Autocorrelation, which is Pnc International 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 Pnc International's mutual fund expected returns. We can calculate the autocorrelation of Pnc International returns to help us make a trade decision. For example, suppose you find that Pnc International 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 |
Pnc International 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 Pnc International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pnc International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pnc International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pnc International Lagged Returns
When evaluating Pnc International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pnc International mutual fund have on its future price. Pnc International 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, Pnc International autocorrelation shows the relationship between Pnc International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pnc International 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 Pnc Mutual Fund
Pnc International financial ratios help investors to determine whether Pnc 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 Pnc with respect to the benefits of owning Pnc International security.
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