Performance Trust Municipal Fund Market Value
| PTIMX Fund | USD 22.66 0.12 0.53% |
| Symbol | Performance |
Performance Trust '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 Performance Trust'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 Performance Trust.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Performance Trust on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Performance Trust Municipal or generate 0.0% return on investment in Performance Trust over 720 days. Performance Trust is related to or competes with Performance Trust, Performance Trust, Sierra Strategic, Nuveen High, and Guggenheim Total. The fund invests at least 80 percent of its net assets in investment-grade quality municipal securities that pay interes... More
Performance Trust 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 Performance Trust'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 Performance Trust Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4388 |
Performance Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Performance Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Performance Trust's standard deviation. In reality, there are many statistical measures that can use Performance Trust historical prices to predict the future Performance Trust's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.02) |
Performance Trust Backtested Returns
Performance Trust maintains Sharpe Ratio (i.e., Efficiency) of -0.0589, which implies the entity had a -0.0589% return per unit of risk over the last 3 months. Performance Trust exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Performance Trust's Variance of 0.1127, coefficient of variation of (806.17), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The fund holds a Beta of 0.0505, which implies not very significant fluctuations relative to the market. As returns on the market increase, Performance Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding Performance Trust is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Performance Trust Municipal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Performance Trust time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Performance Trust price movement. The serial correlation of -0.19 indicates that over 19.0% of current Performance Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Performance Trust lagged returns against current returns
Autocorrelation, which is Performance Trust 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 Performance Trust's mutual fund expected returns. We can calculate the autocorrelation of Performance Trust returns to help us make a trade decision. For example, suppose you find that Performance Trust 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 |
Performance Trust 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 Performance Trust mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Performance Trust mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Performance Trust mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Performance Trust Lagged Returns
When evaluating Performance Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Performance Trust mutual fund have on its future price. Performance Trust 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, Performance Trust autocorrelation shows the relationship between Performance Trust mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Performance Trust Municipal.
Regressed Prices |
| Timeline |
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Other Information on Investing in Performance Mutual Fund
Performance Trust financial ratios help investors to determine whether Performance 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 Performance with respect to the benefits of owning Performance Trust security.
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