Pace Mortgage Expected Short fall
| PFXAX Fund | | | USD 10.52 -0.10 -0.94% |
The Expected Short fall signal for Pace Mortgage Backed Securities reflects patterns observed in trading data. The
Equity Screeners module supports multi-indicator technical analysis. Review
Your Equity Center for context on portfolio diversification. The diversification view provides additional analytical depth. The allocation includes a position in Pace Mortgage Backed Securities. It is distributed across the allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Pace Mortgage Backed Securities has current Expected Short fall of
-0.34. Expected shortfall (or ES) is a risk measure that evaluates the market risk of an equity instrument. It is an alternative to value at risk that is more sensitive to the shape of the loss distribution in the tail of the distribution. The expected shortfall at a particular level is the expected return on the portfolio in the worst percent of the cases. Expected shortfall is also called conditional value at risk (CVaR), average value at risk (AVaR), and expected tail loss (ETL).
Expected Shortfall | = | Conditional VAR |
| = | -0.34 | |
Expected Short fall Peers Comparison
Expected Short fall Relative To Other Indicators
Pace Mortgage Backed Securities is rated
below average in expected short fall among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
ES evaluates the value (or risk) of an investment in a conservative way, focusing on the less profitable outcomes. For high values of it ignores the most profitable but unlikely possibilities, for small values of it focuses on the worst losses. On the other hand, unlike the discounted maximum loss even for lower values of expected shortfall does not consider only the single most catastrophic outcome. Expected shortfall is a coherent, and moreover a spectral, measure of financial portfolio risk.
Compare Pace Mortgage to Peers
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