Power Dividend Index Fund Market Value
| PWDCX Fund | USD 9.11 0.46 4.81% |
| Symbol | Power |
Power Dividend '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 Power Dividend'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 Power Dividend.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Power Dividend on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Power Dividend Index or generate 0.0% return on investment in Power Dividend over 30 days. Power Dividend is related to or competes with Power Income, Power Income, Power Income, Power Momentum, Power Momentum, Power Momentum, and Power Floating. The funds investment adviser seeks to achieve its investment objectives by seeking to track the FCF Risk Managed Sector ... More
Power Dividend 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 Power Dividend'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 Power Dividend Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.26 |
Power Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Dividend's standard deviation. In reality, there are many statistical measures that can use Power Dividend historical prices to predict the future Power Dividend's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Power Dividend'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.
Power Dividend Index Backtested Returns
Power Dividend Index maintains Sharpe Ratio (i.e., Efficiency) of -0.0428, which implies the entity had a -0.0428% return per unit of risk over the last 3 months. Power Dividend Index exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Power Dividend's Coefficient Of Variation of (1,977), risk adjusted performance of (0.04), and Variance of 0.6131 to confirm the risk estimate we provide. The fund holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Power Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Power Dividend is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Power Dividend Index has modest predictability. Overlapping area represents the amount of predictability between Power Dividend time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Power Dividend Index price movement. The serial correlation of 0.5 indicates that about 50.0% of current Power Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Power Dividend Index lagged returns against current returns
Autocorrelation, which is Power Dividend 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 Power Dividend's mutual fund expected returns. We can calculate the autocorrelation of Power Dividend returns to help us make a trade decision. For example, suppose you find that Power Dividend 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 |
Power Dividend 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 Power Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Dividend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Power Dividend Lagged Returns
When evaluating Power Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Dividend mutual fund have on its future price. Power Dividend 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, Power Dividend autocorrelation shows the relationship between Power Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Power Dividend Index.
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 Power Mutual Fund
Power Dividend financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Dividend security.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |