Picton Credit Opportunities Fund Market Value
| PFCO Fund | 9.57 0.04 0.42% |
| Symbol | PICTON |
PICTON Credit '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 PICTON Credit's 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 PICTON Credit.
| 04/19/2025 |
| 07/18/2025 |
If you would invest 0.00 in PICTON Credit on April 19, 2025 and sell it all today you would earn a total of 0.00 from holding PICTON Credit Opportunities or generate 0.0% return on investment in PICTON Credit over 90 days.
PICTON Credit 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 PICTON Credit's 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 PICTON Credit Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4178 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.83 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.7368 |
PICTON Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PICTON Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PICTON Credit's standard deviation. In reality, there are many statistical measures that can use PICTON Credit historical prices to predict the future PICTON Credit's volatility.| Risk Adjusted Performance | 0.1271 | |||
| Jensen Alpha | 0.0643 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.95) |
PICTON Credit Opport Backtested Returns
As of now, PICTON Fund is very steady. PICTON Credit Opport retains Efficiency (Sharpe Ratio) of 0.11, which implies the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PICTON Credit, which you can use to evaluate the volatility of the fund. Please check PICTON Credit's market risk adjusted performance of (0.94), and Semi Deviation of 0.2053 to confirm if the risk estimate we provide is consistent with the expected return of 0.0399%. The fund owns a Beta (Systematic Risk) of -0.0586, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PICTON Credit are expected to decrease at a much lower rate. During the bear market, PICTON Credit is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
PICTON Credit Opportunities has good predictability. Overlapping area represents the amount of predictability between PICTON Credit time series from 19th of April 2025 to 3rd of June 2025 and 3rd of June 2025 to 18th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PICTON Credit Opport price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current PICTON Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PICTON Credit Opport lagged returns against current returns
Autocorrelation, which is PICTON Credit 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 PICTON Credit's fund expected returns. We can calculate the autocorrelation of PICTON Credit returns to help us make a trade decision. For example, suppose you find that PICTON Credit has exhibited high autocorrelation historically, and you observe that the 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 |
PICTON Credit 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 PICTON Credit fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PICTON Credit fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PICTON Credit fund over time.
Current vs Lagged Prices |
| Timeline |
PICTON Credit Lagged Returns
When evaluating PICTON Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PICTON Credit fund have on its future price. PICTON Credit 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, PICTON Credit autocorrelation shows the relationship between PICTON Credit fund current value and its past values and can show if there is a momentum factor associated with investing in PICTON Credit Opportunities.
Regressed Prices |
| Timeline |
Pair Trading with PICTON Credit
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PICTON Credit position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PICTON Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with PICTON Fund
| 0.89 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.89 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.85 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.86 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to PICTON Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PICTON Credit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PICTON Credit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PICTON Credit Opportunities to buy it.
The correlation of PICTON Credit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PICTON Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PICTON Credit Opport moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PICTON Credit can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
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