Pzena International Value Fund Market Value
| PZVNX Fund | USD 11.01 0.03 0.27% |
| Symbol | Pzena |
Pzena International '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 Pzena International'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 Pzena International.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Pzena International on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Pzena International Value or generate 0.0% return on investment in Pzena International over 720 days. Pzena International is related to or competes with Pzena International, Pzena Emerging, Pzena International, Pzena Mid, Pzena Small, Pzena International, and Pzena Emerging. Under normal market conditions, the fund invests at least 80 percent of its net assets in common stocks of Developed Mar... More
Pzena International 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 Pzena International'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 Pzena International Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8168 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.44 |
Pzena International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pzena International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pzena International's standard deviation. In reality, there are many statistical measures that can use Pzena International historical prices to predict the future Pzena International's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | 0.0071 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.1735 |
Pzena International Value Backtested Returns
Pzena International Value maintains Sharpe Ratio (i.e., Efficiency) of -0.0095, which implies the entity had a -0.0095% return per unit of risk over the last 3 months. Pzena International Value exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pzena International's Coefficient Of Variation of 3112.45, risk adjusted performance of 0.0247, and Semi Deviation of 0.763 to confirm the risk estimate we provide. The fund holds a Beta of 0.0984, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pzena International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pzena International is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Pzena International Value has poor predictability. Overlapping area represents the amount of predictability between Pzena International time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Pzena International Value price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Pzena International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Pzena International Value lagged returns against current returns
Autocorrelation, which is Pzena International 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 Pzena International's mutual fund expected returns. We can calculate the autocorrelation of Pzena International returns to help us make a trade decision. For example, suppose you find that Pzena International 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 |
Pzena International 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 Pzena International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pzena International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pzena International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pzena International Lagged Returns
When evaluating Pzena International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pzena International mutual fund have on its future price. Pzena International 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, Pzena International autocorrelation shows the relationship between Pzena International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pzena International Value.
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 Pzena Mutual Fund
Pzena International financial ratios help investors to determine whether Pzena 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 Pzena with respect to the benefits of owning Pzena International security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |