Pbnd Etf Performance
| PBND Etf | USD 21.77 0.00 0.00% |
The entity holds a Beta of -0.0491, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PBND are expected to decrease at a much lower rate. During the bear market, PBND is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days PBND has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, PBND is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
| Fifty Two Week Low | 20.96 | |
| Fifty Two Week High | 25.97 |
PBND |
PBND Relative Risk vs. Return Landscape
If you would invest 2,177 in PBND on January 20, 2024 and sell it today you would earn a total of 0.00 from holding PBND or generate 0.0% return on investment over 90 days. PBND is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than PBND, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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PBND Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PBND's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as PBND, and traders can use it to determine the average amount a PBND's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average PBND is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PBND by adding PBND to a well-diversified portfolio.
PBND Fundamentals Growth
PBND Etf prices reflect investors' perceptions of the future prospects and financial health of PBND, and PBND fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on PBND Etf performance.
| Total Asset | 47.57 M | |||
About PBND Performance
To evaluate PBND Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when PBND generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare PBND Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand PBND market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents PBND's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund generally will invest at least 80 percent of its total assets in the component securities that comprise the underlying index. Purebetasm is traded on BATS Exchange in the United States.| PBND is not yet fully synchronised with the market data | |
| PBND created five year return of -1.0% | |
| This fund maintains about 7.6% of its assets in bonds |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of PBND is measured differently than its book value, which is the value of PBND that is recorded on the company's balance sheet. Investors also form their own opinion of PBND's value that differs from its market value or its book value, called intrinsic value, which is PBND's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PBND's market value can be influenced by many factors that don't directly affect PBND's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PBND's value and its price as these two are different measures arrived at by different means. Investors typically determine if PBND is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PBND'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.