Bond Market Index Fund Quote
| PBOIX Fund | USD 8.04 0.02 0.25% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Bond Market is trading at 8.04 as of the 25th of April 2024; that is -0.25 percent down since the beginning of the trading day. The fund's open price was 8.06. Bond Market has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Bond Market Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in investments designed to track the Bloomberg U.S. Aggregate Bond Index at the time of purchase. The index is composed of investment grade, fixed-rate debt issues with maturities of one year or more, including government securities, corporate securities, and asset-backed and mortgage-backed securities .. More on Bond Market Index
Bond Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bond Market's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bond Market or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Principal Funds, Large Funds, Intermediate Core Bond Funds, Intermediate Core Bond, Principal Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Bond Market Index [PBOIX] is traded in USA and was established 25th of April 2024. Bond Market is listed under Principal Funds category by Fama And French industry classification. The fund is listed under Intermediate Core Bond category and is part of Principal Funds family. This fund at this time has accumulated 1.59 B in assets with no minimum investment requirementsBond Market Index is currently producing year-to-date (YTD) return of 4.94% with the current yeild of 0.0%, while the total return for the last 3 years was -4.16%.
Check Bond Market Probability Of Bankruptcy
Instrument Allocation
Top Bond Market Index Mutual Fund Constituents
| LQD | iShares iBoxx Investment | Etf | Corporate Bond |
| MBB | iShares MBS ETF | Etf | Intermediate Government |
| SPIB | SPDR Barclays Intermediate | Etf | Corporate Bond |
Bond Market Target Price Odds Analysis
Based on a normal probability distribution, the odds of Bond Market jumping above the current price in 90 days from now is about 97.0%. The Bond Market Index probability density function shows the probability of Bond Market mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Bond Market has a beta of 0.2495 indicating as returns on the market go up, Bond Market average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bond Market Index will be expected to be much smaller as well. Additionally, bond Market Index has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Bond Market to move above the current price in 90 days from now is about 97.0 (This Bond Market Index probability density function shows the probability of Bond Mutual Fund to fall within a particular range of prices over 90 days) .
Bond Market Index Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bond Market market risk premium is the additional return an investor will receive from holding Bond Market long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bond Market. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Bond Market's alpha and beta are two of the key measurements used to evaluate Bond Market's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2926 | |||
| Standard Deviation | 0.3781 | |||
| Variance | 0.143 | |||
| Risk Adjusted Performance | (0.05) |
Bond Market Against Markets
Picking the right benchmark for Bond Market mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bond Market mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bond Market is critical whether you are bullish or bearish towards Bond Market Index at a given time. Please also check how Bond Market's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Bond Market without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Bond Mutual Fund?
Before investing in Bond Market, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bond Market. To buy Bond Market fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bond Market. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Bond Market fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Bond Market Index fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Bond Market Index fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Bond Market Index, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Bond Market Index?
The danger of trading Bond Market Index is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bond Market is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bond Market. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bond Market Index is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Bond Market Index. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.