Pictet USA (Luxembourg) Market Value

Funds . Luxembourg . 
Fund . Pictet-USA Index PUSD
LU0130732877   397.43  1.52  0.38%   
Pictet USA's market value is the price at which a share of Pictet USA stock trades on a public exchange. It measures the collective expectations of Pictet USA Index PUSD investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Pictet USA Index PUSD and determine expected loss or profit from investing in Pictet USA over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any Fund could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Symbol

Pictet USA '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 Pictet USA's 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 Pictet USA.
0.00
12/10/2022
No Change 0.00  0.0 
In 5 months and 30 days
06/08/2023
0.00
If you would invest  0.00  in Pictet USA on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Pictet USA Index PUSD or generate 0.0% return on investment in Pictet USA over 180 days.

Pictet USA 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 Pictet USA's 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 Pictet USA Index PUSD upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation0.8709
Information Ratio0.148
Maximum Drawdown3.45
Value At Risk(1.53)
Potential Upside1.7

Pictet USA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pictet USA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pictet USA's standard deviation. In reality, there are many statistical measures that can use Pictet USA historical prices to predict the future Pictet USA's volatility.
Risk Adjusted Performance0.1202
Jensen Alpha0.1072
Total Risk Alpha0.1357
Sortino Ratio0.1563
Treynor Ratio(2.21)
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Pictet USA'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. Please use the tools below to analyze the current value of Pictet USA in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pictet USA. Your research has to be compared to or analyzed against Pictet USA's peers to derive any actionable benefits. When done correctly, Pictet USA'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 Pictet-USA Index PUSD.

Pictet-USA Index PUSD Backtested Returns

Pictet-USA Index PUSD maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had 0.21% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the 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-six technical indicators for Pictet-USA Index PUSD, which you can use to evaluate the future volatility of the fund. Please check Pictet-USA Index PUSD Risk Adjusted Performance of 0.1202, semi deviation of 0.6732, and Coefficient Of Variation of 775.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
The fund holds a Beta of -0.0491, which implies not very significant fluctuations relative to the market. Let's try to break down what Pictet's beta means in this case. As returns on the market increase, returns on owning Pictet USA are expected to decrease at a much lower rate. During the bear market, Pictet USA is likely to outperform the market. Although it is important to respect Pictet-USA Index PUSD current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Pictet-USA Index PUSD technical indicators, you can presently evaluate if the expected return of 0.18% will be sustainable into the future.

Auto-correlation

    
  0.46  

Average predictability

Pictet USA Index PUSD has average predictability. Overlapping area represents the amount of predictability between Pictet USA time series from 10th of December 2022 to 10th of March 2023 and 10th of March 2023 to 8th of June 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pictet-USA Index PUSD price movement. The serial correlation of 0.46 indicates that about 46.0% of current Pictet USA price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.67
Residual Average0.0
Price Variance94.49

Pictet-USA Index PUSD lagged returns against current returns

Autocorrelation, which is Pictet USA 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 Pictet USA's fund expected returns. We can calculate the autocorrelation of Pictet USA returns to help us make a trade decision. For example, suppose you find that Pictet USA fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Pictet USA 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 Pictet USA fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pictet USA fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pictet USA fund over time.
   Current vs Lagged Prices   
       Timeline  

Pictet USA Lagged Returns

When evaluating Pictet USA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pictet USA fund have on its future price. Pictet USA 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, Pictet USA autocorrelation shows the relationship between Pictet USA fund current value and its past values and can show if there is a momentum factor associated with investing in Pictet USA Index PUSD.
   Regressed Prices   
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pictet USA 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.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pictet-USA Index PUSD 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.

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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any Fund could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the Pictet-USA Index PUSD information on this page should be used as a complementary analysis to other Pictet USA'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Pictet Fund analysis

When running Pictet USA's price analysis, check to measure Pictet USA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pictet USA is operating at the current time. Most of Pictet USA's value examination focuses on studying past and present price action to predict the probability of Pictet USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pictet USA's price. Additionally, you may evaluate how the addition of Pictet USA to your portfolios can decrease your overall portfolio volatility.
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Pictet USA technical 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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of Pictet USA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Pictet USA 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...
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