Pinnacle Sherman Multi Strategy Fund Market Value

CPSHX Fund  USD 12.15  0.01  0.08%   
Pinnacle Sherman's market value is the price at which a share of Pinnacle Sherman trades on a public exchange. It measures the collective expectations of Pinnacle Sherman Multi Strategy investors about its performance. Pinnacle Sherman is trading at 12.15 as of the 28th of March 2024; that is -0.08 percent down since the beginning of the trading day. The fund's open price was 12.16.
With this module, you can estimate the performance of a buy and hold strategy of Pinnacle Sherman Multi Strategy and determine expected loss or profit from investing in Pinnacle Sherman over a given investment horizon. Check out Pinnacle Sherman Correlation, Pinnacle Sherman Volatility and Pinnacle Sherman Alpha and Beta module to complement your research on Pinnacle Sherman.
Symbol

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

Pinnacle Sherman '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 Sherman'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 Sherman.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Pinnacle Sherman on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pinnacle Sherman Multi Strategy or generate 0.0% return on investment in Pinnacle Sherman over 30 days. Pinnacle Sherman is related to or competes with Home Depot, NVIDIA, Procter Gamble, 3M, and MEI Pharma. The fund seeks to meet its investment objective by investing, under normal market conditions, in foreign and domestic eq... More

Pinnacle Sherman 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 Sherman'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 Sherman Multi Strategy upside and downside potential and time the market with a certain degree of confidence.

Pinnacle Sherman Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle Sherman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle Sherman's standard deviation. In reality, there are many statistical measures that can use Pinnacle Sherman historical prices to predict the future Pinnacle Sherman's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pinnacle Sherman'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
11.3412.1612.98
Details
Intrinsic
Valuation
LowRealHigh
10.2411.0613.38
Details
Naive
Forecast
LowNextHigh
11.3312.1412.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.0812.1312.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pinnacle Sherman. Your research has to be compared to or analyzed against Pinnacle Sherman's peers to derive any actionable benefits. When done correctly, Pinnacle Sherman'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 Pinnacle Sherman Mul.

Pinnacle Sherman Mul Backtested Returns

We consider Pinnacle Sherman very steady. Pinnacle Sherman Mul maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pinnacle Sherman Mul, which you can use to evaluate the volatility of the fund. Please check Pinnacle Sherman's Risk Adjusted Performance of 0.0942, coefficient of variation of 609.22, and Semi Deviation of 0.6509 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pinnacle Sherman are expected to decrease at a much lower rate. During the bear market, Pinnacle Sherman is likely to outperform the market.

Auto-correlation

    
  0.40  

Average predictability

Pinnacle Sherman Multi Strategy has average predictability. Overlapping area represents the amount of predictability between Pinnacle Sherman 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 Pinnacle Sherman Mul price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Pinnacle Sherman price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test0.55
Residual Average0.0
Price Variance0.01

Pinnacle Sherman Mul lagged returns against current returns

Autocorrelation, which is Pinnacle Sherman 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 Sherman's mutual fund expected returns. We can calculate the autocorrelation of Pinnacle Sherman returns to help us make a trade decision. For example, suppose you find that Pinnacle Sherman 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 Sherman 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 Sherman mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle Sherman 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 Sherman mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Pinnacle Sherman Lagged Returns

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

Pair Trading with Pinnacle Sherman

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pinnacle Sherman position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pinnacle Sherman will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pinnacle Mutual Fund

  1.0APSHX Pinnacle Sherman MulPairCorr
  0.96IPSHX Pinnacle Sherman MulPairCorr
  0.63PVFIX Pinnacle Value FundPairCorr
  0.73PAALX All Asset FundPairCorr
The ability to find closely correlated positions to Pinnacle Sherman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinnacle Sherman when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pinnacle Sherman - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pinnacle Sherman Multi Strategy to buy it.
The correlation of Pinnacle Sherman is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pinnacle Sherman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinnacle Sherman Mul moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pinnacle Sherman can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Pinnacle Sherman Correlation, Pinnacle Sherman Volatility and Pinnacle Sherman Alpha and Beta module to complement your research on Pinnacle Sherman.
Note that the Pinnacle Sherman Mul information on this page should be used as a complementary analysis to other Pinnacle Sherman'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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Pinnacle Sherman 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 Pinnacle Sherman technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Pinnacle Sherman 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...