The fund holds Beta of -0.0512 which implies as returns on market increase, returns on owning Principal Tax are expected to decrease at a much smaller rate. During bear market, Principal Tax is likely to outperform the market. Even though it is essential to pay attention to Principal Tax Savings current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards 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. Principal Tax Savings exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
Principal Tax Savings Relative Risk vs. Return LandscapeIf you would invest 20,143 in Principal Tax Savings Reg on December 20, 2018 and sell it today you would lose (342.00) from holding Principal Tax Savings Reg or give up 1.7% of portfolio value over 30 days. Principal Tax Savings Reg is generating negative expected returns and assumes 0.9803% volatility on return distribution over the 30 days horizon. Simply put, 8% of equities are less volatile than Principal Tax and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Principal Tax Current Valuation
Principal Tax is Unknown risk asset. Principal Tax Savings recent Real Value cannot be determined due to lack of data. The prevailing price of Principal Tax Savings is 198.01. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Principal Tax Savings from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.
Principal Tax Market Risk Analysis
Sharpe Ratio = -0.5774
Principal Tax Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceOver the last 30 days Principal Tax Savings Reg has generated negative risk-adjusted returns adding no value to fund investors.
|Fifty Two Week Low||201.7200|
|Fifty Two Week High||201.7200|
|Annual Report Expense Ratio||2.76%|