Pimco Short Term High Etf Beta
| STEA Etf | 118.26 0.21 0.18% |
PIMCO Short Term High fundamentals help investors to digest information that contributes to PIMCO Short's financial success or failures. It also enables traders to predict the movement of PIMCO Etf. The fundamental analysis module provides a way to measure PIMCO Short's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to PIMCO Short etf.
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PIMCO Short Term High ETF Beta Analysis
PIMCO Short's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, PIMCO Short Term High has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Other Bond (which currently averages 0.0) category. This indicator is about the same for all United Kingdom etfs average (which is currently at 0.0).
PIMCO Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PIMCO Short's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of PIMCO Short could also be used in its relative valuation, which is a method of valuing PIMCO Short by comparing valuation metrics of similar companies.PIMCO Short is currently under evaluation in beta as compared to similar ETFs.
PIMCO Fundamentals
| One Year Return | 5.70 % | |||
| Three Year Return | 1.90 % | |||
| Five Year Return | 2.60 % |
About PIMCO Short Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PIMCO Short Term High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PIMCO Short using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PIMCO Short Term High based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PIMCO Etf
PIMCO Short financial ratios help investors to determine whether PIMCO Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PIMCO with respect to the benefits of owning PIMCO Short security.