Stocksplus Tr Short Fund Market Value

PSTIX Fund  USD 7.51  0.06  0.79%   
Stocksplus' market value is the price at which a share of Stocksplus trades on a public exchange. It measures the collective expectations of Stocksplus Tr Short investors about its performance. Stocksplus is trading at 7.51 as of the 29th of March 2024; that is -0.79 percent decrease since the beginning of the trading day. The fund's open price was 7.57.
With this module, you can estimate the performance of a buy and hold strategy of Stocksplus Tr Short and determine expected loss or profit from investing in Stocksplus over a given investment horizon. Check out Stocksplus Correlation, Stocksplus Volatility and Stocksplus Alpha and Beta module to complement your research on Stocksplus.
Symbol

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

Stocksplus '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 Stocksplus' 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 Stocksplus.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Stocksplus on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Stocksplus Tr Short or generate 0.0% return on investment in Stocksplus over 720 days. Stocksplus is related to or competes with Pioneer Fundamental, Chase Growth, Tfa Alphagen, Crafword Dividend, Ab Centrated, Qs Moderate, and Artisan Small. The investment seeks total return through the implementation of short investment positions on the SP 500 Index More

Stocksplus 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 Stocksplus' 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 Stocksplus Tr Short upside and downside potential and time the market with a certain degree of confidence.

Stocksplus Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Stocksplus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stocksplus' standard deviation. In reality, there are many statistical measures that can use Stocksplus historical prices to predict the future Stocksplus' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stocksplus' 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.
Hype
Prediction
LowEstimatedHigh
6.817.518.21
Details
Intrinsic
Valuation
LowRealHigh
6.286.987.68
Details
Naive
Forecast
LowNextHigh
6.807.508.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.487.627.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stocksplus. Your research has to be compared to or analyzed against Stocksplus' peers to derive any actionable benefits. When done correctly, Stocksplus' 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 Stocksplus Tr Short.

Stocksplus Tr Short Backtested Returns

Stocksplus Tr Short owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the fund had a -0.18% return per unit of risk over the last 3 months. Stocksplus Tr Short exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stocksplus' Coefficient Of Variation of (557.87), variance of 0.4904, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of -1.0, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Stocksplus are expected to decrease slowly. On the other hand, during market turmoil, Stocksplus is expected to outperform it slightly.

Auto-correlation

    
  0.15  

Insignificant predictability

Stocksplus Tr Short has insignificant predictability. Overlapping area represents the amount of predictability between Stocksplus 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 Stocksplus Tr Short price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Stocksplus price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.14

Stocksplus Tr Short lagged returns against current returns

Autocorrelation, which is Stocksplus 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 Stocksplus' mutual fund expected returns. We can calculate the autocorrelation of Stocksplus returns to help us make a trade decision. For example, suppose you find that Stocksplus 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  

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

Stocksplus Lagged Returns

When evaluating Stocksplus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stocksplus mutual fund have on its future price. Stocksplus 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, Stocksplus autocorrelation shows the relationship between Stocksplus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stocksplus Tr Short.
   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 Stocksplus 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, Stocksplus' short interest history, or implied volatility extrapolated from Stocksplus options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Stocksplus Tr Short 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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Align your risk with return expectations

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Stocksplus Correlation, Stocksplus Volatility and Stocksplus Alpha and Beta module to complement your research on Stocksplus.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Stocksplus Mutual Fund analysis

When running Stocksplus' price analysis, check to measure Stocksplus' 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 Stocksplus is operating at the current time. Most of Stocksplus' value examination focuses on studying past and present price action to predict the probability of Stocksplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stocksplus' price. Additionally, you may evaluate how the addition of Stocksplus to your portfolios can decrease your overall portfolio volatility.
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Stocksplus 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 Stocksplus technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Stocksplus 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...