Provident Trust Strategy Fund Quote
| PROVX Fund | USD 17.94 0.02 0.11% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Provident Trust is trading at 17.94 as of the 19th of April 2024; that is 0.11 percent increase since the beginning of the trading day. The fund's open price was 17.92. Provident Trust has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Provident Trust Strategy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests mainly in a limited number of multi-capitalization growth stocks. It will compare itself to, and the advisor attempts to exceed, the SP 500 Index over full investment cycles. The fund is non-diversified. More on Provident Trust Strategy
Moving together with Provident Mutual Fund
| 0.81 | FAFGX | American Funds | PairCorr |
| 0.81 | FFAFX | American Funds | PairCorr |
| 0.81 | GFACX | Growth Fund | PairCorr |
| 0.81 | GFAFX | Growth Fund | PairCorr |
| 0.81 | AGTHX | Growth Fund | PairCorr |
| 0.81 | CGFFX | Growth Fund | PairCorr |
Provident Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Provident Trust's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Provident Trust or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Provident Funds, Large Blend Funds, Large Growth Funds, Large Growth, Provident (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 31st of January 2023 |
| Fiscal Year End | September |
Provident Trust Strategy [PROVX] is traded in USA and was established 19th of April 2024. Provident Trust is listed under Provident category by Fama And French industry classification. The fund is listed under Large Growth category and is part of Provident family. This fund at this time has accumulated 192.11 M in assets with minimum initial investment of 1 K. Provident Trust Strategy is currently producing year-to-date (YTD) return of 3.39% with the current yeild of 0.01%, while the total return for the last 3 years was 3.21%.
Check Provident Trust Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Provident Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Provident Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Provident Trust Strategy Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Provident Trust Strategy Mutual Fund Constituents
| LUV | Southwest Airlines | Stock | Industrials |
| ACN | Accenture plc | Stock | Information Technology |
| COST | Costco Wholesale Corp | Stock | Consumer Staples |
| FXFXX | First American Funds | Money Market Fund | US Money Market Fund |
| GOOG | Alphabet Inc Class C | Stock | Communication Services |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| HD | Home Depot | Stock | Consumer Discretionary |
Provident Trust Target Price Odds Analysis
Based on a normal probability distribution, the odds of Provident Trust jumping above the current price in 90 days from now is about 77.01%. The Provident Trust Strategy probability density function shows the probability of Provident Trust mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Provident Trust has a beta of 0.9036 indicating Provident Trust Strategy market returns are sensitive to returns on the market. As the market goes up or down, Provident Trust is expected to follow. Additionally, provident Trust Strategy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Provident Trust to move above the current price in 90 days from now is about 77.01 (This Provident Trust Strategy probability density function shows the probability of Provident Mutual Fund to fall within a particular range of prices over 90 days) .
Provident Trust Strategy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Provident Trust market risk premium is the additional return an investor will receive from holding Provident Trust long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Provident Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Provident Trust's alpha and beta are two of the key measurements used to evaluate Provident Trust's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5374 | |||
| Semi Deviation | 0.9095 | |||
| Standard Deviation | 0.726 | |||
| Variance | 0.5271 |
Provident Trust Against Markets
Picking the right benchmark for Provident Trust mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Provident Trust mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Provident Trust is critical whether you are bullish or bearish towards Provident Trust Strategy at a given time. Please also check how Provident Trust's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Provident Trust without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Provident Mutual Fund?
Before investing in Provident Trust, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Provident Trust. To buy Provident Trust fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Provident Trust. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Provident Trust fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Provident Trust Strategy fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Provident Trust Strategy fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Provident Trust Strategy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Provident Trust Strategy?
The danger of trading Provident Trust Strategy is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Provident Trust is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Provident Trust. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Provident Trust Strategy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Trust Strategy. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..