Power Income Fund Market Value

PWRAX Fund  USD 9.23  0.03  0.33%   
Power Income's market value is the price at which a share of Power Income trades on a public exchange. It measures the collective expectations of Power Income Fund investors about its performance. Power Income is trading at 9.23 as of the 4th of December 2024; that is 0.33% up since the beginning of the trading day. The fund's open price was 9.2.
With this module, you can estimate the performance of a buy and hold strategy of Power Income Fund and determine expected loss or profit from investing in Power Income over a given investment horizon. Check out Power Income Correlation, Power Income Volatility and Power Income Alpha and Beta module to complement your research on Power Income.
Symbol

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

Power Income '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 Income'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 Income.
0.00
12/15/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/04/2024
0.00
If you would invest  0.00  in Power Income on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Power Income Fund or generate 0.0% return on investment in Power Income over 720 days. Power Income is related to or competes with Power Income, Power Momentum, Power Momentum, Power Momentum, Power Floating, Power Global, and Power Global. The fund invests in income-producing fixed income and alternative strategy exchange-traded funds More

Power Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.

Power Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Income's standard deviation. In reality, there are many statistical measures that can use Power Income historical prices to predict the future Power Income's volatility.
Hype
Prediction
LowEstimatedHigh
9.039.239.43
Details
Intrinsic
Valuation
LowRealHigh
9.019.219.41
Details
Naive
Forecast
LowNextHigh
9.109.309.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.119.169.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Power Income. Your research has to be compared to or analyzed against Power Income's peers to derive any actionable benefits. When done correctly, Power Income'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 Power Income.

Power Income Backtested Returns

At this stage we consider Power Mutual Fund to be very steady. Power Income maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Power Income, which you can use to evaluate the volatility of the fund. Please check Power Income's Risk Adjusted Performance of 0.0549, coefficient of variation of 919.16, and Semi Deviation of 0.0548 to confirm if the risk estimate we provide is consistent with the expected return of 0.0207%. The fund holds a Beta of -0.0199, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Power Income are expected to decrease at a much lower rate. During the bear market, Power Income is likely to outperform the market.

Auto-correlation

    
  0.81  

Very good predictability

Power Income Fund has very good predictability. Overlapping area represents the amount of predictability between Power Income time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Income price movement. The serial correlation of 0.81 indicates that around 81.0% of current Power Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.81
Spearman Rank Test0.79
Residual Average0.0
Price Variance0.04

Power Income lagged returns against current returns

Autocorrelation, which is Power Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Power Income returns to help us make a trade decision. For example, suppose you find that Power Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Income 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 Income mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Power Income Lagged Returns

When evaluating Power Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Income mutual fund have on its future price. Power Income 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 Income autocorrelation shows the relationship between Power Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Power Income Fund.
   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 Income 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 Income security.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk