Plumb Balanced Fund Market Value
PLABX Fund | USD 37.92 0.11 0.29% |
Symbol | Plumb |
Plumb Balanced '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 Plumb Balanced'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 Plumb Balanced.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Plumb Balanced on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Plumb Balanced or generate 0.0% return on investment in Plumb Balanced over 720 days. Plumb Balanced is related to or competes with American Funds, American Funds, American Balanced, American Balanced, American Balanced, American Balanced, and American Balanced. The fund invests in a diversified portfolio of common stocks and fixed income securities More
Plumb Balanced 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 Plumb Balanced'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 Plumb Balanced upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5119 | |||
Information Ratio | 0.0489 | |||
Maximum Drawdown | 2.93 | |||
Value At Risk | (0.86) | |||
Potential Upside | 1.3 |
Plumb Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plumb Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plumb Balanced's standard deviation. In reality, there are many statistical measures that can use Plumb Balanced historical prices to predict the future Plumb Balanced's volatility.Risk Adjusted Performance | 0.1496 | |||
Jensen Alpha | 0.0595 | |||
Total Risk Alpha | 0.0163 | |||
Sortino Ratio | 0.059 | |||
Treynor Ratio | 0.2026 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plumb Balanced'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.
Plumb Balanced Backtested Returns
We consider Plumb Balanced very steady. Plumb Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the entity had a 0.3% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Plumb Balanced, which you can use to evaluate the volatility of the fund. Please check Plumb Balanced's Coefficient Of Variation of 373.94, risk adjusted performance of 0.1496, and Semi Deviation of 0.1405 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The fund holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plumb Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plumb Balanced is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
Plumb Balanced has very weak predictability. Overlapping area represents the amount of predictability between Plumb Balanced time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th 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 Plumb Balanced price movement. The serial correlation of 0.17 indicates that over 17.0% of current Plumb Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.17 | |
Spearman Rank Test | 0.02 | |
Residual Average | 0.0 | |
Price Variance | 5.39 |
Plumb Balanced lagged returns against current returns
Autocorrelation, which is Plumb Balanced 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 Plumb Balanced's mutual fund expected returns. We can calculate the autocorrelation of Plumb Balanced returns to help us make a trade decision. For example, suppose you find that Plumb Balanced 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 |
Plumb Balanced 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 Plumb Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plumb Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plumb Balanced mutual fund over time.
Current vs Lagged Prices |
Timeline |
Plumb Balanced Lagged Returns
When evaluating Plumb Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plumb Balanced mutual fund have on its future price. Plumb Balanced 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, Plumb Balanced autocorrelation shows the relationship between Plumb Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Plumb Balanced.
Regressed Prices |
Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Plumb Balanced 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 Plumb Balanced Correlation, Plumb Balanced Volatility and Plumb Balanced Alpha and Beta module to complement your research on Plumb Balanced. Note that the Plumb Balanced information on this page should be used as a complementary analysis to other Plumb Balanced'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Plumb Mutual Fund analysis
When running Plumb Balanced's price analysis, check to measure Plumb Balanced'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 Plumb Balanced is operating at the current time. Most of Plumb Balanced's value examination focuses on studying past and present price action to predict the probability of Plumb Balanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plumb Balanced's price. Additionally, you may evaluate how the addition of Plumb Balanced to your portfolios can decrease your overall portfolio volatility.
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Plumb Balanced 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.