Pender Real Estate Fund Market Value
| PNDIX Fund | 10.03 0.06 0.59% |
| Symbol | Pender |
Please note, there is a significant difference between Pender Real's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pender Real is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pender Real'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.
Pender Real '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 Pender Real'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 Pender Real.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pender Real on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pender Real Estate or generate 0.0% return on investment in Pender Real over 30 days. Pender Real is related to or competes with Volumetric Fund, Semiconductor Ultrasector, Artisan Thematic, Ab Value, Auer Growth, Gmo Treasury, and Issachar Fund. Pender Real is entity of United States. It is traded as Fund on NMFQS exchange. More
Pender Real 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 Pender Real'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 Pender Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.21) | |||
| Maximum Drawdown | 0.1009 | |||
| Potential Upside | 0.1006 |
Pender Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pender Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pender Real's standard deviation. In reality, there are many statistical measures that can use Pender Real historical prices to predict the future Pender Real's volatility.| Risk Adjusted Performance | 0.0815 | |||
| Jensen Alpha | 0.0079 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 2.76 |
Pender Real Estate Backtested Returns
At this stage we consider Pender Mutual Fund to be very steady. Pender Real Estate maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Pender Real Estate, which you can use to evaluate the volatility of the fund. Please check Pender Real's Risk Adjusted Performance of 0.0815, coefficient of variation of 485.47, and Variance of 0.0079 to confirm if the risk estimate we provide is consistent with the expected return of 0.0175%. The fund holds a Beta of 0.003, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pender Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pender Real is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Pender Real Estate has good reverse predictability. Overlapping area represents the amount of predictability between Pender Real time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Pender Real Estate price movement. The serial correlation of -0.51 indicates that about 51.0% of current Pender Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pender Real Estate lagged returns against current returns
Autocorrelation, which is Pender Real 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 Pender Real's mutual fund expected returns. We can calculate the autocorrelation of Pender Real returns to help us make a trade decision. For example, suppose you find that Pender Real 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 |
Pender Real 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 Pender Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pender Real mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pender Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pender Real Lagged Returns
When evaluating Pender Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pender Real mutual fund have on its future price. Pender Real 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, Pender Real autocorrelation shows the relationship between Pender Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pender Real Estate.
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 Pender Mutual Fund
Pender Real financial ratios help investors to determine whether Pender 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 Pender with respect to the benefits of owning Pender Real security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |