Pace Large Growth Fund Market Value
| PCLCX Fund | USD 17.28 0.08 0.46% |
| Symbol | Pace |
Pace Large '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 Pace Large'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 Pace Large.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Pace Large on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Pace Large Growth or generate 0.0% return on investment in Pace Large over 30 days. Pace Large is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The fund invests primarily in stocks of companies that are believed to have substantial potential for capital growth More
Pace Large 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 Pace Large'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 Pace Large Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.94 |
Pace Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Large's standard deviation. In reality, there are many statistical measures that can use Pace Large historical prices to predict the future Pace Large's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | 0.0772 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pace Large'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.
Pace Large Growth Backtested Returns
We consider Pace Large very steady. Pace Large Growth maintains Sharpe Ratio (i.e., Efficiency) of 0.0601, which implies the entity had a 0.0601% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pace Large Growth, which you can use to evaluate the volatility of the fund. Please check Pace Large's Risk Adjusted Performance of 0.0581, semi deviation of 0.9785, and Coefficient Of Variation of 1167.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0718%. The fund holds a Beta of 1.16, 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, Pace Large will likely underperform.
Auto-correlation | 0.05 |
Virtually no predictability
Pace Large Growth has virtually no predictability. Overlapping area represents the amount of predictability between Pace Large time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Pace Large Growth price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Pace Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Pace Large Growth lagged returns against current returns
Autocorrelation, which is Pace Large 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 Pace Large's mutual fund expected returns. We can calculate the autocorrelation of Pace Large returns to help us make a trade decision. For example, suppose you find that Pace Large 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 |
Pace Large 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 Pace Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pace Large Lagged Returns
When evaluating Pace Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Large mutual fund have on its future price. Pace Large 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, Pace Large autocorrelation shows the relationship between Pace Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pace Large Growth.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pace Large in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pace Large's short interest history, or implied volatility extrapolated from Pace Large options trading.
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Check out Pace Large Correlation, Pace Large Volatility and Pace Large Alpha and Beta module to complement your research on Pace Large. Note that the Pace Large Growth information on this page should be used as a complementary analysis to other Pace Large'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Pace Large 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.