Pia Mbs Bond Fund Market Value
| PMTGX Fund | USD 8.29 0.03 0.36% |
| Symbol | Pia |
Pia Mbs '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 Pia Mbs' 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 Pia Mbs.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pia Mbs on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pia Mbs Bond or generate 0.0% return on investment in Pia Mbs over 30 days. Pia Mbs is related to or competes with Fidelity Sai, Goldman Sachs, Ab Bond, Western Asset, Arrow Managed, American Funds, and T Rowe. The fund invests at least 80 percent of its net assets in mortgage-backed securities, including commercial mortgage-back... More
Pia Mbs 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 Pia Mbs' 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 Pia Mbs Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.3632 |
Pia Mbs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pia Mbs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pia Mbs' standard deviation. In reality, there are many statistical measures that can use Pia Mbs historical prices to predict the future Pia Mbs' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.5 |
Pia Mbs Bond Backtested Returns
Pia Mbs Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0517, which implies the entity had a -0.0517% return per unit of risk over the last 3 months. Pia Mbs Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pia Mbs' Risk Adjusted Performance of (0.07), coefficient of variation of (1,472), and Variance of 0.0982 to confirm the risk estimate we provide. The fund holds a Beta of -0.0209, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pia Mbs are expected to decrease at a much lower rate. During the bear market, Pia Mbs is likely to outperform the market.
Auto-correlation | 0.26 |
Poor predictability
Pia Mbs Bond has poor predictability. Overlapping area represents the amount of predictability between Pia Mbs time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Pia Mbs Bond price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Pia Mbs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pia Mbs Bond lagged returns against current returns
Autocorrelation, which is Pia Mbs 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 Pia Mbs' mutual fund expected returns. We can calculate the autocorrelation of Pia Mbs returns to help us make a trade decision. For example, suppose you find that Pia Mbs 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 |
Pia Mbs 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 Pia Mbs mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pia Mbs mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pia Mbs mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pia Mbs Lagged Returns
When evaluating Pia Mbs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pia Mbs mutual fund have on its future price. Pia Mbs 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, Pia Mbs autocorrelation shows the relationship between Pia Mbs mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pia Mbs Bond.
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 Pia Mutual Fund
Pia Mbs financial ratios help investors to determine whether Pia 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 Pia with respect to the benefits of owning Pia Mbs security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |