Preferred Securities Fund Market Value
| PPRSX Fund | USD 28.61 0.01 0.04% |
| Symbol | Preferred |
Preferred Securities '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 Preferred Securities' 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 Preferred Securities.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Preferred Securities on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Preferred Securities Fund or generate 0.0% return on investment in Preferred Securities over 90 days. Preferred Securities is related to or competes with Ab Bond, Transamerica Bond, Calvert Bond, Ab Bond, Western Asset, and Federated Total. The investment seeks to provide current income More
Preferred Securities 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 Preferred Securities' 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 Preferred Securities Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.4465 | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (0.04) | |||
| Potential Upside | 0.036 |
Preferred Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Preferred Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Preferred Securities' standard deviation. In reality, there are many statistical measures that can use Preferred Securities historical prices to predict the future Preferred Securities' volatility.| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | 0.0322 | |||
| Total Risk Alpha | 0.0763 | |||
| Treynor Ratio | (1.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Preferred Securities' 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.
Preferred Securities Backtested Returns
At this stage we consider Preferred Mutual Fund to be very steady. Preferred Securities maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Preferred Securities, which you can use to evaluate the volatility of the fund. Please check Preferred Securities' Coefficient Of Variation of 709.59, variance of 0.105, and Risk Adjusted Performance of 0.1058 to confirm if the risk estimate we provide is consistent with the expected return of 0.0478%. The fund holds a Beta of -0.0318, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Preferred Securities are expected to decrease at a much lower rate. During the bear market, Preferred Securities is likely to outperform the market.
Auto-correlation | 0.35 |
Below average predictability
Preferred Securities Fund has below average predictability. Overlapping area represents the amount of predictability between Preferred Securities time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Preferred Securities price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Preferred Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Preferred Securities lagged returns against current returns
Autocorrelation, which is Preferred Securities 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 Preferred Securities' mutual fund expected returns. We can calculate the autocorrelation of Preferred Securities returns to help us make a trade decision. For example, suppose you find that Preferred Securities 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 |
Preferred Securities 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 Preferred Securities mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Preferred Securities mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Preferred Securities mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Preferred Securities Lagged Returns
When evaluating Preferred Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Preferred Securities mutual fund have on its future price. Preferred Securities 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, Preferred Securities autocorrelation shows the relationship between Preferred Securities mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Preferred Securities 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 Preferred Mutual Fund
Preferred Securities financial ratios help investors to determine whether Preferred 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 Preferred with respect to the benefits of owning Preferred Securities security.
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