Pinebridge Dynamic Asset Fund Market Value
| PDAVX Fund | USD 10.79 0.06 0.56% |
| Symbol | Pinebridge |
Pinebridge Dynamic '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 Pinebridge Dynamic'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 Pinebridge Dynamic.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Pinebridge Dynamic on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Pinebridge Dynamic Asset or generate 0.0% return on investment in Pinebridge Dynamic over 720 days. Pinebridge Dynamic is related to or competes with Mfs Blended, Blackrock Balanced, Fidelity Freedom, Et Vn, Deutsche Science, Diamond Hill, and Gabelli Equity. The investment objective of the fund is to seek to achieve total return primarily by managing allocations among a broad range of asset classes, and secondarily by generating alpha through individual investment selections, based on a combination of factors, including, but not limited to, the Advisers macroeconomic views, fundamental analyses and risk management considerations. More
Pinebridge Dynamic 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 Pinebridge Dynamic'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 Pinebridge Dynamic Asset upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.53 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.9149 |
Pinebridge Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinebridge Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinebridge Dynamic's standard deviation. In reality, there are many statistical measures that can use Pinebridge Dynamic historical prices to predict the future Pinebridge Dynamic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pinebridge Dynamic'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.
Pinebridge Dynamic Asset Backtested Returns
Pinebridge Dynamic Asset maintains Sharpe Ratio (i.e., Efficiency) of -0.0303, which implies the entity had a -0.0303% return per unit of risk over the last 3 months. Pinebridge Dynamic Asset exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pinebridge Dynamic's Variance of 0.3259, risk adjusted performance of (0.01), and Coefficient Of Variation of (14,264) to confirm the risk estimate we provide. The fund holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pinebridge Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pinebridge Dynamic is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Pinebridge Dynamic Asset has good predictability. Overlapping area represents the amount of predictability between Pinebridge Dynamic time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Pinebridge Dynamic Asset price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Pinebridge Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Pinebridge Dynamic Asset lagged returns against current returns
Autocorrelation, which is Pinebridge Dynamic 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 Pinebridge Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Pinebridge Dynamic returns to help us make a trade decision. For example, suppose you find that Pinebridge Dynamic 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 |
Pinebridge Dynamic 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 Pinebridge Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinebridge Dynamic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinebridge Dynamic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pinebridge Dynamic Lagged Returns
When evaluating Pinebridge Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinebridge Dynamic mutual fund have on its future price. Pinebridge Dynamic 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, Pinebridge Dynamic autocorrelation shows the relationship between Pinebridge Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pinebridge Dynamic Asset.
Regressed Prices |
| Timeline |
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pinebridge Dynamic Asset 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.Build Optimal Portfolios
Align your risk with return expectations
Check out Pinebridge Dynamic Correlation, Pinebridge Dynamic Volatility and Pinebridge Dynamic Alpha and Beta module to complement your research on Pinebridge Dynamic. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Pinebridge Dynamic 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.