Plumb Mutual Fund Market Value

PLABX
 Fund
  

USD 31.14  0.06  0.19%   

Plumb Balanced's market value is the price at which a share of Plumb Balanced stock trades on a public exchange. It measures the collective expectations of Plumb Balanced investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Plumb Balanced and determine expected loss or profit from investing in Plumb Balanced over a given investment horizon. Please check Plumb Balanced Correlation, Plumb Balanced Volatility and Plumb Balanced Alpha and Beta module to complement your research on Plumb Balanced.
Symbol

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

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.
0.00
12/13/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/03/2022
0.00
If you would invest  0.00  in Plumb Balanced on December 13, 2020 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 Johnson Johnson, and Nordea Bank. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Plumb Balanced in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.001.33
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.001.33
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Plumb Balanced. Your research has to be compared to or analyzed against Plumb Balanced's peers to derive any actionable benefits. When done correctly, Plumb Balanced's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Plumb Balanced.

Plumb Balanced Backtested Returns

We consider Plumb Balanced out of control. Plumb Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.0526, which implies the entity had 0.0526% 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-one technical indicators for Plumb Balanced, which you can use to evaluate the future volatility of the fund. Please check Plumb Balanced Coefficient Of Variation of 7200.81, risk adjusted performance of 0.0192, and Semi Deviation of 1.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.0699%.
The fund holds a Beta of -0.1337, which implies not very significant fluctuations relative to the market. Let's try to break down what Plumb's beta means in this case. As returns on the market increase, returns on owning Plumb Balanced are expected to decrease at a much lower rate. During the bear market, Plumb Balanced is likely to outperform the market. Although it is important to respect Plumb Balanced 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 Plumb Balanced technical indicators, you can presently evaluate if the expected return of 0.0699% will be sustainable into the future.

Auto-correlation

    
  -0.66  

Very good reverse predictability

Plumb Balanced has very good reverse predictability. Overlapping area represents the amount of predictability between Plumb Balanced time series from 13th of December 2020 to 8th of December 2021 and 8th of December 2021 to 3rd of December 2022. 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 -0.66 indicates that around 66.0% of current Plumb Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.58
Residual Average0.0
Price Variance10.11

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 mutual 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   
Share
       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   
Share
       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   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plumb Balanced 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?

Run Probability Of Bankruptcy Now

   

Probability Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years
All  Next Launch Module

Currently Active Assets on Macroaxis

Please check 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Plumb Mutual Fund analysis

When running Plumb Balanced 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 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.
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
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.
A focus of Plumb Balanced technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Plumb Balanced 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...