Pace Global Real Fund Market Value
| PREAX Fund | USD 7.08 0.08 1.12% |
| Symbol | PACE |
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.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pace Global on June 5, 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 180 days. Pace Global is related to or competes with Small Cap, Artisan Thematic, Ab Value, Commonwealth Global, and Rbb Fund. 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.
| Downside Deviation | 0.8122 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.12 |
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.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.03) |
Pace Global Real Backtested Returns
At this stage we consider PACE Mutual Fund to be very steady. Pace Global Real maintains Sharpe Ratio (i.e., Efficiency) of 5.0E-4, which implies the entity had a 5.0E-4% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pace Global Real, which you can use to evaluate the volatility of the fund. Please check Pace Global's Risk Adjusted Performance of 0.0022, coefficient of variation of 27991.12, and Semi Deviation of 0.758 to confirm if the risk estimate we provide is consistent with the expected return of 3.0E-4%. The fund holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. 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 | -0.78 |
Almost perfect reverse predictability
Pace Global Real has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pace Global time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Pace Global Real price movement. The serial correlation of -0.78 indicates that around 78.0% of current Pace Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
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 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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