PNC Multi Backtesting

PEWAX -- USA Fund  

USD 33.35  0.29  0.86%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of PNC Multi Factor Large Cap Grow and determine expected loss or profit from investing in PNC Multi over given investment horizon. Additionally take a look at PNC Multi Hype Analysis, PNC Multi Correlation, Portfolio Optimization, PNC Multi Volatility as well as analyze PNC Multi Alpha and Beta and PNC Multi Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

PNC Multi 'What if' Analysis

August 22, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
November 20, 2019
0.00
If you would invest  0.00  in PNC Multi on August 22, 2019 and sell it all today you would earn a total of 0.00 from holding PNC Multi Factor Large Cap Grow or generate 0.0% return on investment in PNC Multi over 90 days. PNC Multi is related to or competes with Clearbridge Large, Janus Henderson, MainStay Large, Invesco American, Vanguard Morgan, AB Large, and AB Large. The fund primarily invests in a diversified portfolio of growth-oriented domestic equity securities of large-cap compani...

PNC Multi Upside/Downside Indicators

Information Ratio(0.06)
Maximum Drawdown12.39
Value At Risk(1.75)
Potential Upside1.45

PNC Multi Market Premium Indicators

Risk Adjusted Performance0.0045
Jensen Alpha(0.1)
Total Risk Alpha(0.24)
Treynor Ratio(0.015002)

PNC Multi Factor Backtested Returns

Macroaxis considers PNC Multi to be not too volatile. PNC Multi Factor retains Efficiency (Sharpe Ratio) of -0.0031 which implies the entity had -0.0031% of return per unit of risk over the last 3 months. Macroaxis philosophy in forecasting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. PNC Multi exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PNC Multi Factor Large Cap Grow Market Risk Adjusted Performance of (0.005002) to confirm risk estimate we provide. The fund owns Beta (Systematic Risk) of 0.8946 which implies PNC Multi returns are very sensitive to returns on the market. as market goes up or down, PNC Multi is expected to follow. Even though it is essential to pay attention to PNC Multi Factor existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis philosophy in forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. PNC Multi exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.67 
correlation synergy

Good predictability

PNC Multi Factor Large Cap Grow has good predictability. Overlapping area represents the amount of predictability between PNC Multi time series from August 22, 2019 to October 6, 2019 and October 6, 2019 to November 20, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PNC Multi Factor price movement. The serial correlation of 0.67 indicates that around 67.0% of current PNC Multi price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.33
Residual Average0.0
Price Variance0.56

PNC Multi Factor lagged returns against current returns

 Current and Lagged Values 
      Timeline 

PNC Multi regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

PNC Multi Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - PEWAX

PNC Multi Factor Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in PNC Multi Factor Large Cap Grow. What is your perspective on investing in PNC Multi Factor Large Cap Grow? Are you bullish or bearish?
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Additionally take a look at PNC Multi Hype Analysis, PNC Multi Correlation, Portfolio Optimization, PNC Multi Volatility as well as analyze PNC Multi Alpha and Beta and PNC Multi Performance. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.
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