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PY
ETF ticker: NASDAQ
AS OF
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Net Assets
54.55M

PY Principal Value ETF Forecast, Technical & Fundamental Analysis

Category LargeValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PY with price predictions
07:00 PM EST Dec 07, 2023

PY in +0.97% Uptrend, advancing for three consecutive days on December 08, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PY advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on PY as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PY just turned positive on November 02, 2023. Looking at past instances where PY's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

PY moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PY crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 324 cases where PY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PY broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Broadcom (NASDAQ:AVGO), Exxon Mobil Corp (NASDAQ:XOM), Home Depot (NASDAQ:HD), Chevron Corp (NASDAQ:CVX), Bank of America Corp (NASDAQ:BAC), Accenture PLC (NASDAQ:ACN), Abbott Laboratories (NASDAQ:ABT).

Industry description

The investment seeks long-term growth of capital. Under normal circumstances, the fund primarily invests in equity securities, focusing on value stocks. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities of mid- to large-capitalization companies in the S&P 500 Index that exhibit higher degrees of shareholder yield (meaning how much money a company distributes to shareholders through dividends and share repurchases).

Market Cap

The average market capitalization across the Principal Value ETF ETF is 92.32B. The market cap for tickers in the group ranges from 5.68B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is ZION at 5.68B.

High and low price notable news

The average weekly price growth across all stocks in the Principal Value ETF ETF was 0%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 4%. CVS experienced the highest price growth at 10%, while EQT experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Principal Value ETF ETF was -10%. For the same stocks of the ETF, the average monthly volume growth was 3% and the average quarterly volume growth was 16%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 49
Price Growth Rating: 42
SMR Rating: 48
Profit Risk Rating: 45
Seasonality Score: 19 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
Principal Exchange-Traded Funds655 9th StreetDes Moines
Phone
515-235-9328
Web
N/A
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PY and

Correlation & Price change

A.I.dvisor indicates that over the last year, PY has been closely correlated with VOE. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if PY jumps, then VOE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PY
1D Price
Change %
PY100%
+0.42%
VOE - PY
97%
Closely correlated
+0.37%
IWD - PY
97%
Closely correlated
+0.40%
VTV - PY
96%
Closely correlated
+0.40%
IWS - PY
96%
Closely correlated
+0.43%
VYM - PY
96%
Closely correlated
+0.25%
More