Pace Global Real Fund Market Value

PREAX Fund  USD 6.30  0.10  1.56%   
Pace Global's market value is the price at which a share of Pace Global trades on a public exchange. It measures the collective expectations of Pace Global Real investors about its performance. Pace Global is trading at 6.30 as of the 15th of March 2025; that is 1.56% down since the beginning of the trading day. The fund's open price was 6.4.
With this module, you can estimate the performance of a buy and hold strategy of Pace Global Real and determine expected loss or profit from investing in Pace Global over a given investment horizon. Check out Pace Global Correlation, Pace Global Volatility and Pace Global Alpha and Beta module to complement your research on Pace Global.
Symbol

Please note, there is a significant difference between Pace Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pace Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pace Global'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.

Pace Global '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 Pace Global'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 Pace Global.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Pace Global on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pace Global Real or generate 0.0% return on investment in Pace Global over 90 days. Pace Global is related to or competes with Ab Global, Calvert Global, Franklin Mutual, Ab Global, Barings Global, Nuveen Global, and Morningstar Global. The fund primarily invests in real estate investment trusts and other real-estate related securities More

Pace Global 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 Pace Global'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 Pace Global Real upside and downside potential and time the market with a certain degree of confidence.

Pace Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Global's standard deviation. In reality, there are many statistical measures that can use Pace Global historical prices to predict the future Pace Global's volatility.
Hype
Prediction
LowEstimatedHigh
5.376.407.43
Details
Intrinsic
Valuation
LowRealHigh
4.885.916.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pace Global. Your research has to be compared to or analyzed against Pace Global's peers to derive any actionable benefits. When done correctly, Pace Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pace Global Real.

Pace Global Real Backtested Returns

Pace Global Real maintains Sharpe Ratio (i.e., Efficiency) of -0.069, which implies the entity had a -0.069 % return per unit of risk over the last 3 months. Pace Global Real exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pace Global's Risk Adjusted Performance of (0.06), variance of 1.06, and Coefficient Of Variation of (1,450) to confirm the risk estimate we provide. The fund holds a Beta of 0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pace Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pace Global is expected to be smaller as well.

Auto-correlation

    
  -0.19  

Insignificant reverse predictability

Pace Global Real has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pace Global 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 Pace Global Real price movement. The serial correlation of -0.19 indicates that over 19.0% of current Pace Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.19
Spearman Rank Test-0.04
Residual Average0.0
Price Variance0.0

Pace Global Real lagged returns against current returns

Autocorrelation, which is Pace Global 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 Pace Global's mutual fund expected returns. We can calculate the autocorrelation of Pace Global returns to help us make a trade decision. For example, suppose you find that Pace Global 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  

Pace Global 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 Pace Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Pace Global Lagged Returns

When evaluating Pace Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Global mutual fund have on its future price. Pace Global 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, Pace Global autocorrelation shows the relationship between Pace Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Global Real.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Pace Mutual Fund

Pace Global financial ratios help investors to determine whether Pace 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 Pace with respect to the benefits of owning Pace Global security.
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