Pin Oak Equity Fund Market Value
| POGSX Fund | USD 79.17 0.56 0.71% |
| Symbol | Pin |
Pin Oak '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 Pin Oak'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 Pin Oak.
| 11/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Pin Oak on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pin Oak Equity or generate 0.0% return on investment in Pin Oak over 60 days. Pin Oak is related to or competes with Red Oak, White Oak, Black Oak, Live Oak, and Victory Rs. The fund invests primarily in common stocks of U.S More
Pin Oak 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 Pin Oak'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 Pin Oak Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 18.53 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 0.9194 |
Pin Oak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pin Oak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pin Oak's standard deviation. In reality, there are many statistical measures that can use Pin Oak historical prices to predict the future Pin Oak's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pin Oak'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.
Pin Oak Equity Backtested Returns
Pin Oak Equity maintains Sharpe Ratio (i.e., Efficiency) of -0.0686, which implies the entity had a -0.0686 % return per unit of risk over the last 3 months. Pin Oak Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pin Oak's Coefficient Of Variation of (1,311), risk adjusted performance of (0.06), and Variance of 4.42 to confirm the risk estimate we provide. The fund holds a Beta of 0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pin Oak's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pin Oak is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Pin Oak Equity has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pin Oak time series from 21st of November 2024 to 21st of December 2024 and 21st of December 2024 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pin Oak Equity price movement. The serial correlation of -0.74 indicates that around 74.0% of current Pin Oak price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 28.11 |
Pin Oak Equity lagged returns against current returns
Autocorrelation, which is Pin Oak 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 Pin Oak's mutual fund expected returns. We can calculate the autocorrelation of Pin Oak returns to help us make a trade decision. For example, suppose you find that Pin Oak 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 |
Pin Oak 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 Pin Oak mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pin Oak mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pin Oak mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pin Oak Lagged Returns
When evaluating Pin Oak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pin Oak mutual fund have on its future price. Pin Oak 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, Pin Oak autocorrelation shows the relationship between Pin Oak mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pin Oak 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 Pin Mutual Fund
Pin Oak financial ratios help investors to determine whether Pin 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 Pin with respect to the benefits of owning Pin Oak security.
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |