Plumb Equity Fund Market Value
| PLBEX Fund | USD 27.41 0.33 1.22% |
| Symbol | Plumb |
Plumb Equity '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 Equity'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 Equity.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Plumb Equity on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Plumb Equity Fund or generate 0.0% return on investment in Plumb Equity over 90 days. Plumb Equity is related to or competes with Plumb Balanced, Edgewood Growth, Growth Fund, Baron Fifth, and Polen Growth. The fund normally invests at least 80 percent of its assets, including borrowings for investment purposes, in common sto... More
Plumb Equity 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 Equity'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 Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9439 | |||
| Information Ratio | 0.0035 | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.86 |
Plumb Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plumb Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plumb Equity's standard deviation. In reality, there are many statistical measures that can use Plumb Equity historical prices to predict the future Plumb Equity's volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | 0.0701 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plumb Equity'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 Equity Backtested Returns
We consider Plumb Equity very steady. Plumb Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.0567, which implies the entity had a 0.0567% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Plumb Equity, which you can use to evaluate the volatility of the fund. Please check Plumb Equity's Risk Adjusted Performance of 0.0598, semi deviation of 0.8452, and Coefficient Of Variation of 1103.63 to confirm if the risk estimate we provide is consistent with the expected return of 0.0585%. The fund holds a Beta of 1.18, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Plumb Equity will likely underperform.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Plumb Equity Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Plumb Equity time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 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 Plumb Equity price movement. The serial correlation of -0.78 indicates that around 78.0% of current Plumb Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Plumb Equity lagged returns against current returns
Autocorrelation, which is Plumb Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Plumb Equity returns to help us make a trade decision. For example, suppose you find that Plumb Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plumb Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Plumb Equity Lagged Returns
When evaluating Plumb Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plumb Equity mutual fund have on its future price. Plumb Equity 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 Equity autocorrelation shows the relationship between Plumb Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Plumb Equity Fund.
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 Plumb Equity 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, Plumb Equity's short interest history, or implied volatility extrapolated from Plumb Equity options trading.
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Check out Plumb Equity Correlation, Plumb Equity Volatility and Plumb Equity Alpha and Beta module to complement your research on Plumb Equity. Note that the Plumb Equity information on this page should be used as a complementary analysis to other Plumb Equity'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 Anywhere module to track or share privately all of your investments from the convenience of any device.
Plumb Equity 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.