Pzena Mid Cash Position Weight vs. One Year Return
| PZIMX Fund | USD 15.00 0.08 0.54% |
For Pzena Mid profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pzena Mid to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pzena Mid Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pzena Mid's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pzena Mid Cap over time as well as its relative position and ranking within its peers.
Pzena |
Pzena Mid Cap One Year Return vs. Cash Position Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pzena Mid's current stock value. Our valuation model uses many indicators to compare Pzena Mid value to that of its competitors to determine the firm's financial worth. Pzena Mid Cap is rated below average in cash position weight among similar funds. It also is rated below average in one year return among similar funds reporting about 19.32 of One Year Return per Cash Position Weight. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Pzena Mid's earnings, one of the primary drivers of an investment's value.Pzena One Year Return vs. Cash Position Weight
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Pzena Mid |
| = | 0.74 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Pzena Mid |
| = | 14.30 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Pzena One Year Return Comparison
Pzena Mid is rated below average in one year return among similar funds.
Pzena Mid Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pzena Mid, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pzena Mid will eventually generate negative long term returns. The profitability progress is the general direction of Pzena Mid's change in net profit over the period of time. It can combine multiple indicators of Pzena Mid, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests at least 80 percent of its net assets in stocks of mid-cap companies. It seeks to invest in mid cap company stocks that, in the opinion of the Adviser, sell at a substantial discount to their intrinsic value but have solid long-term prospects. Though the fund primarily invests in U.S. listed companies, it may also invest up to 20 percent of its net assets in shares of foreign companies, through American Depositary Receipts or dollar-denominated foreign securities. The fund may also invest in real estate investment trusts .
Pzena Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Pzena Mid. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Pzena Mid position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Pzena Mid's important profitability drivers and their relationship over time.
Use Pzena Mid in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pzena Mid position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pzena Mid will appreciate offsetting losses from the drop in the long position's value.Pzena Mid Pair Trading
Pzena Mid Cap Pair Trading Analysis
The ability to find closely correlated positions to Pzena Mid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pzena Mid when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pzena Mid - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pzena Mid Cap to buy it.
The correlation of Pzena Mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pzena Mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pzena Mid Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pzena Mid can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Pzena Mid position
In addition to having Pzena Mid in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Measuring and Control Equipment Thematic Idea Now
Measuring and Control Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Measuring and Control Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Measuring and Control Equipment Theme or any other thematic opportunities.
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Other Information on Investing in Pzena Mutual Fund
To fully project Pzena Mid's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Pzena Mid Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Pzena Mid's income statement, its balance sheet, and the statement of cash flows.
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