Perkins Discovery Fund Market Value
| PDFDX Fund | USD 40.13 0.08 0.20% |
| Symbol | Perkins |
Perkins Discovery '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 Perkins Discovery'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 Perkins Discovery.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Perkins Discovery on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Perkins Discovery Fund or generate 0.0% return on investment in Perkins Discovery over 30 days. Perkins Discovery is related to or competes with Vanguard Health, T Rowe, Blackrock Health, Blackrock Health, and Health Care. The fund will invest, under normal circumstances, at least 80 percent of its net assets in equity securities of domestic... More
Perkins Discovery 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 Perkins Discovery'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 Perkins Discovery Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.51 |
Perkins Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perkins Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perkins Discovery's standard deviation. In reality, there are many statistical measures that can use Perkins Discovery historical prices to predict the future Perkins Discovery's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Perkins Discovery'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.
Perkins Discovery Backtested Returns
Perkins Discovery maintains Sharpe Ratio (i.e., Efficiency) of -0.0621, which implies the entity had a -0.0621% return per unit of risk over the last 3 months. Perkins Discovery exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Perkins Discovery's Variance of 2.88, coefficient of variation of (2,274), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The fund holds a Beta of 1.84, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Perkins Discovery will likely underperform.
Auto-correlation | 0.16 |
Very weak predictability
Perkins Discovery Fund has very weak predictability. Overlapping area represents the amount of predictability between Perkins Discovery time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Perkins Discovery price movement. The serial correlation of 0.16 indicates that over 16.0% of current Perkins Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
Perkins Discovery lagged returns against current returns
Autocorrelation, which is Perkins Discovery 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 Perkins Discovery's mutual fund expected returns. We can calculate the autocorrelation of Perkins Discovery returns to help us make a trade decision. For example, suppose you find that Perkins Discovery 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 |
Perkins Discovery 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 Perkins Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perkins Discovery mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perkins Discovery mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Perkins Discovery Lagged Returns
When evaluating Perkins Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perkins Discovery mutual fund have on its future price. Perkins Discovery 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, Perkins Discovery autocorrelation shows the relationship between Perkins Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Perkins Discovery Fund.
Regressed Prices |
| Timeline |
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Check out Perkins Discovery Correlation, Perkins Discovery Volatility and Perkins Discovery Alpha and Beta module to complement your research on Perkins Discovery. Note that the Perkins Discovery information on this page should be used as a complementary analysis to other Perkins Discovery's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Perkins Discovery technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.