Classic Value Fund Market Value
| PZFVX Fund | USD 34.93 0.20 0.58% |
| Symbol | Classic |
Classic Value '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 Classic Value'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 Classic Value.
| 02/16/2024 |
| 04/16/2024 |
If you would invest 0.00 in Classic Value on February 16, 2024 and sell it all today you would earn a total of 0.00 from holding Classic Value Fund or generate 0.0% return on investment in Classic Value over 60 days. Classic Value is related to or competes with Us Global, T Rowe, Short-term Fund, Causeway International, and International Equity. The fund normally invests at least 80 percent of its net assets in domestic equity securities More
Classic Value 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 Classic Value'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 Classic Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9137 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.21 |
Classic Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Classic Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Classic Value's standard deviation. In reality, there are many statistical measures that can use Classic Value historical prices to predict the future Classic Value's volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.3678 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Classic Value'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.
Classic Value Backtested Returns
We consider Classic Value very steady. Classic Value secures Sharpe Ratio (or Efficiency) of 0.0846, which signifies that the fund had a 0.0846% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Classic Value Fund, which you can use to evaluate the volatility of the entity. Please confirm Classic Value's mean deviation of 0.6061, and Risk Adjusted Performance of 0.0183 to double-check if the risk estimate we provide is consistent with the expected return of 0.0671%. The fund shows a Beta (market volatility) of 0.0287, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Classic Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Classic Value is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Classic Value Fund has good reverse predictability. Overlapping area represents the amount of predictability between Classic Value time series from 16th of February 2024 to 17th of March 2024 and 17th of March 2024 to 16th 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 Classic Value price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Classic Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Classic Value lagged returns against current returns
Autocorrelation, which is Classic Value 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 Classic Value's mutual fund expected returns. We can calculate the autocorrelation of Classic Value returns to help us make a trade decision. For example, suppose you find that Classic Value 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 |
Classic Value 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 Classic Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Classic Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Classic Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Classic Value Lagged Returns
When evaluating Classic Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Classic Value mutual fund have on its future price. Classic Value 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, Classic Value autocorrelation shows the relationship between Classic Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Classic Value Fund.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Classic Value using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Classic Value Correlation, Classic Value Volatility and Classic Value Alpha and Beta module to complement your research on Classic Value. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Classic Value 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.