Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Principal Preferred which you can use to evaluate future volatility of the fund. Please check Principal Preferred Coefficient Of Variation of
(320.09) and Risk Adjusted Performance of (0.63) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Principal Preferred Market Sensitivity
|As returns on market increase, Principal Preferred returns are expected to increase less than the market. However during bear market, the loss on holding Principal Preferred will be expected to be smaller as well. 2 Months Beta |Analyze Principal Preferred Demand TrendCheck current 30 days Principal Preferred correlation with market (DOW)|
β = 0.0449
Principal Preferred Central Daily Price Deviation
Principal Preferred Technical Analysis
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Principal Preferred Projected Return Density Against MarketAssuming 30 trading days horizon, Principal Preferred has beta of 0.0449 suggesting as returns on market go up, Principal Preferred average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Principal Preferred Secs A EUR Hdg will be expected to be much smaller as well. Additionally, Principal Preferred Secs A EUR Hdg has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.23|
|Beta against DOW||=||0.0449|
Principal Preferred Return VolatilityPrincipal Preferred Secs A EUR Hdg accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 2.0465% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.05 and is 9.223372036854776E16 times more volatile than Principal Preferred Secs A EUR Hdg. 0% of all equities and portfolios are less risky than Principal Preferred. Compared to the overall equity markets, volatility of historical daily returns of Principal Preferred Secs A EUR Hdg is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Principal Preferred Secs A EUR Hdg to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Principal Preferred to be traded at 6.9 in 30 days. . As returns on market increase, Principal Preferred returns are expected to increase less than the market. However during bear market, the loss on holding Principal Preferred will be expected to be smaller as well.
Principal Preferred correlation with market