High Yield Fund Market Value

PHYAX Fund  USD 7.95  0.01  0.13%   
High Yield's market value is the price at which a share of High Yield trades on a public exchange. It measures the collective expectations of High Yield Fund investors about its performance. High Yield is trading at 7.95 as of the 28th of March 2024; that is -0.13 percent decrease since the beginning of the trading day. The fund's open price was 7.96.
With this module, you can estimate the performance of a buy and hold strategy of High Yield Fund and determine expected loss or profit from investing in High Yield over a given investment horizon. Check out High Yield Correlation, High Yield Volatility and High Yield Alpha and Beta module to complement your research on High Yield.
Symbol

Please note, there is a significant difference between High Yield's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Yield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Yield'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.

High Yield '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 High Yield'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 High Yield.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in High Yield on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding High Yield Fund or generate 0.0% return on investment in High Yield over 30 days. High Yield is related to or competes with Pimco Rae, Pimco Realestaterealre, Pimco Rae, Pimco Rae, Pimco Rae, New York, and Pimco New. The fund invests at least 80 percent of its assets in high yield investments , which may be represented by forwards or d... More

High Yield 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 High Yield'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 High Yield Fund upside and downside potential and time the market with a certain degree of confidence.

High Yield Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for High Yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Yield's standard deviation. In reality, there are many statistical measures that can use High Yield historical prices to predict the future High Yield's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of High Yield'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.
Hype
Prediction
LowEstimatedHigh
7.737.958.17
Details
Intrinsic
Valuation
LowRealHigh
7.687.908.12
Details
Naive
Forecast
LowNextHigh
7.717.928.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.947.957.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as High Yield. Your research has to be compared to or analyzed against High Yield's peers to derive any actionable benefits. When done correctly, High Yield's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in High Yield Fund.

High Yield Fund Backtested Returns

We consider High Yield very steady. High Yield Fund holds Efficiency (Sharpe) Ratio of 0.039, which attests that the entity had a 0.039% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for High Yield Fund, which you can use to evaluate the volatility of the entity. Please check out High Yield's Downside Deviation of 0.3332, market risk adjusted performance of 1.16, and Risk Adjusted Performance of 0.0341 to validate if the risk estimate we provide is consistent with the expected return of 0.0085%. The fund retains a Market Volatility (i.e., Beta) of 0.0082, which attests to not very significant fluctuations relative to the market. As returns on the market increase, High Yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding High Yield is expected to be smaller as well.

Auto-correlation

    
  0.32  

Below average predictability

High Yield Fund has below average predictability. Overlapping area represents the amount of predictability between High Yield time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 High Yield Fund price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current High Yield price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test0.55
Residual Average0.0
Price Variance0.0

High Yield Fund lagged returns against current returns

Autocorrelation, which is High Yield 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 High Yield's mutual fund expected returns. We can calculate the autocorrelation of High Yield returns to help us make a trade decision. For example, suppose you find that High Yield 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  

High Yield 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 High Yield mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Yield mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Yield mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

High Yield Lagged Returns

When evaluating High Yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Yield mutual fund have on its future price. High Yield 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, High Yield autocorrelation shows the relationship between High Yield mutual fund current value and its past values and can show if there is a momentum factor associated with investing in High Yield Fund.
   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 High Yield 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, High Yield's short interest history, or implied volatility extrapolated from High Yield options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as High Yield Fund using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check out High Yield Correlation, High Yield Volatility and High Yield Alpha and Beta module to complement your research on High Yield.
Note that the High Yield Fund information on this page should be used as a complementary analysis to other High Yield'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for High Mutual Fund analysis

When running High Yield's price analysis, check to measure High Yield's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Yield is operating at the current time. Most of High Yield's value examination focuses on studying past and present price action to predict the probability of High Yield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Yield's price. Additionally, you may evaluate how the addition of High Yield to your portfolios can decrease your overall portfolio volatility.
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High Yield 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.
A focus of High Yield technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of High Yield trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...