Stocksplus Tr Short Fund Market Value
PSTIX Fund | USD 7.51 0.06 0.79% |
Symbol | Stocksplus |
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.
04/09/2022 |
| 03/29/2024 |
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.
Information Ratio | (0.37) | |||
Maximum Drawdown | 3.69 | |||
Value At Risk | (1.23) | |||
Potential Upside | 0.8621 |
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.Risk Adjusted Performance | (0.1) | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.29) | |||
Treynor Ratio | 0.1359 |
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.
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 Coefficient | 0.15 | |
Spearman Rank Test | -0.13 | |
Residual Average | 0.0 | |
Price Variance | 0.14 |
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.Build Optimal Portfolios
Align your risk with 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.