PNC Multi Backtesting

PEWIX -- USA Fund  

USD 34.11  0.12  0.35%

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 19, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 17, 2019
0.00
If you would invest  0.00  in PNC Multi on August 19, 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 Growth Fund, AMCAP Fund, AMCAP Fund, T Rowe, Fidelity Advisor, Vanguard U, and New Economy. The fund primarily invests in a diversified portfolio of growth-oriented domestic equity securities of large-cap compani...

PNC Multi Upside/Downside Indicators

Downside Deviation2.46
Information Ratio(0.07)
Maximum Drawdown12.59
Value At Risk(1.76)
Potential Upside1.45

PNC Multi Market Premium Indicators

Risk Adjusted Performance0.0147
Jensen Alpha(0.12)
Total Risk Alpha(0.31)
Sortino Ratio(0.04826)
Treynor Ratio0.0115

PNC Multi Factor Backtested Returns

Macroaxis considers PNC Multi to be not too volatile. PNC Multi Factor retains Efficiency (Sharpe Ratio) of -0.0092 which implies the entity had -0.0092% 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 Semi Deviation of 2.27 and Market Risk Adjusted Performance of 0.0215 to confirm risk estimate we provide. The fund owns Beta (Systematic Risk) of 0.9924 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 0.39 
correlation synergy

Below average predictability

PNC Multi Factor Large Cap Grow has below average predictability. Overlapping area represents the amount of predictability between PNC Multi time series from August 19, 2019 to October 3, 2019 and October 3, 2019 to November 17, 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 0.39 indicates that just about 39.0% of current PNC Multi price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test0.23
Residual Average0.0
Price Variance0.6

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 

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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 World Markets Correlation module to find global opportunities by holding instruments from different markets.
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