Pinnacle Value Fund Market Value
PVFIX Fund | USD 17.23 0.03 0.17% |
Symbol | Pinnacle |
Pinnacle Value '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 Pinnacle Value'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 Pinnacle Value.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Pinnacle Value on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Pinnacle Value Fund or generate 0.0% return on investment in Pinnacle Value over 30 days. Pinnacle Value is related to or competes with Foundry Partners, Applied Finance, Vanguard Small-cap, Mutual Of, Mid-cap 15x, and Perkins Small. The fund invests primarily in publicly traded equity securities of companies including common and preferred stocks, conv... More
Pinnacle Value 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 Pinnacle Value'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 Pinnacle Value Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6469 | |||
Information Ratio | (0.06) | |||
Maximum Drawdown | 2.56 | |||
Value At Risk | (0.93) | |||
Potential Upside | 1.02 |
Pinnacle Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle Value's standard deviation. In reality, there are many statistical measures that can use Pinnacle Value historical prices to predict the future Pinnacle Value's volatility.Risk Adjusted Performance | 0.0708 | |||
Jensen Alpha | 6.0E-4 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | 0.0863 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pinnacle Value'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.
Pinnacle Value Backtested Returns
We consider Pinnacle Value very steady. Pinnacle Value maintains Sharpe Ratio (i.e., Efficiency) of 0.0653, which implies the entity had a 0.0653% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pinnacle Value, which you can use to evaluate the volatility of the fund. Please check Pinnacle Value's Coefficient Of Variation of 866.28, risk adjusted performance of 0.0708, and Semi Deviation of 0.4792 to confirm if the risk estimate we provide is consistent with the expected return of 0.0366%. The fund holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pinnacle Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pinnacle Value is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Pinnacle Value Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Pinnacle Value 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 Pinnacle Value price movement. The serial correlation of -0.67 indicates that around 67.0% of current Pinnacle Value price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.67 | |
Spearman Rank Test | 0.45 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Pinnacle Value lagged returns against current returns
Autocorrelation, which is Pinnacle Value 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 Pinnacle Value's mutual fund expected returns. We can calculate the autocorrelation of Pinnacle Value returns to help us make a trade decision. For example, suppose you find that Pinnacle Value 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 |
Pinnacle Value 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 Pinnacle Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle Value mutual fund over time.
Current vs Lagged Prices |
Timeline |
Pinnacle Value Lagged Returns
When evaluating Pinnacle Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle Value mutual fund have on its future price. Pinnacle Value 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, Pinnacle Value autocorrelation shows the relationship between Pinnacle Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle Value Fund.
Regressed Prices |
Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pinnacle Value 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.Build Optimal Portfolios
Align your risk with return expectations
Check out Pinnacle Value Correlation, Pinnacle Value Volatility and Pinnacle Value Alpha and Beta module to complement your research on Pinnacle Value. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Pinnacle Value 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.