Principal Exchange Traded Funds Etf Market Value
| PQDI Etf | USD 19.17 0.03 0.16% |
| Symbol | Principal |
The market value of Principal Exchange is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Exchange's value that differs from its market value or its book value, called intrinsic value, which is Principal Exchange's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Exchange's market value can be influenced by many factors that don't directly affect Principal Exchange's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Exchange'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.
Principal Exchange '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 Principal Exchange's etf 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 Principal Exchange.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Principal Exchange on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Exchange Traded Funds or generate 0.0% return on investment in Principal Exchange over 180 days. Principal Exchange is related to or competes with Principal Spectrum, AAM Low, Global X, PGIM Active, and First Trust. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Principal Exchange 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 Principal Exchange's etf 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 Principal Exchange Traded Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1399 | |||
| Information Ratio | (0.73) | |||
| Maximum Drawdown | 0.9949 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.2121 |
Principal Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Exchange's standard deviation. In reality, there are many statistical measures that can use Principal Exchange historical prices to predict the future Principal Exchange's volatility.| Risk Adjusted Performance | 0.1064 | |||
| Jensen Alpha | 0.0136 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.78) | |||
| Treynor Ratio | 0.4561 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Exchange'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.
Principal Exchange Backtested Returns
Principal Exchange is very steady at the moment. Principal Exchange maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Principal Exchange, which you can use to evaluate the volatility of the etf. Please check Principal Exchange's Standard Deviation of 0.1494, downside deviation of 0.1399, and Risk Adjusted Performance of 0.1064 to confirm if the risk estimate we provide is consistent with the expected return of 0.0306%. The etf holds a Beta of 0.0413, which implies not very significant fluctuations relative to the market. As returns on the market increase, Principal Exchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Exchange is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Principal Exchange Traded Funds has modest predictability. Overlapping area represents the amount of predictability between Principal Exchange time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Principal Exchange price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Principal Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Principal Exchange lagged returns against current returns
Autocorrelation, which is Principal Exchange etf'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 Principal Exchange's etf expected returns. We can calculate the autocorrelation of Principal Exchange returns to help us make a trade decision. For example, suppose you find that Principal Exchange has exhibited high autocorrelation historically, and you observe that the etf 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 |
Principal Exchange 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 Principal Exchange etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Exchange etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Exchange etf over time.
Current vs Lagged Prices |
| Timeline |
Principal Exchange Lagged Returns
When evaluating Principal Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Exchange etf have on its future price. Principal Exchange 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, Principal Exchange autocorrelation shows the relationship between Principal Exchange etf current value and its past values and can show if there is a momentum factor associated with investing in Principal Exchange Traded Funds.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Principal Exchange offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Principal Exchange's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Principal Exchange Traded Funds Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Principal Exchange Traded Funds Etf:Check out Principal Exchange Correlation, Principal Exchange Volatility and Principal Exchange Alpha and Beta module to complement your research on Principal Exchange. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Principal Exchange technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.