PIMCO Euro (Switzerland) Market Value
| EUHA Etf | EUR 11.63 0.03 0.26% |
| Symbol | PIMCO |
PIMCO Euro '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 PIMCO Euro's etf 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 PIMCO Euro.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in PIMCO Euro on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Euro Short Term or generate 0.0% return on investment in PIMCO Euro over 30 days. PIMCO Euro is related to or competes with Vanguard, IShares Core, Lyxor Japan, IShares Core, IShares SP, and IShares JP. The investment objective of the Fund is to seek to provide a return that closely corresponds, before fees and expenses, ... More
PIMCO Euro 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 PIMCO Euro's etf 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 PIMCO Euro Short Term upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 0.959 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.2636 |
PIMCO Euro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Euro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Euro's standard deviation. In reality, there are many statistical measures that can use PIMCO Euro historical prices to predict the future PIMCO Euro's volatility.| Risk Adjusted Performance | 0.1494 | |||
| Jensen Alpha | 0.0215 | |||
| Total Risk Alpha | 0.006 | |||
| Treynor Ratio | 1.53 |
PIMCO Euro Short Backtested Returns
At this stage we consider PIMCO Etf to be very steady. PIMCO Euro Short maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the entity had a 0.27% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for PIMCO Euro Short, which you can use to evaluate the volatility of the etf. Please check PIMCO Euro's coefficient of variation of 381.39, and Risk Adjusted Performance of 0.1494 to confirm if the risk estimate we provide is consistent with the expected return of 0.034%. The etf holds a Beta of 0.015, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIMCO Euro's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO Euro is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
PIMCO Euro Short Term has average predictability. Overlapping area represents the amount of predictability between PIMCO Euro time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 PIMCO Euro Short price movement. The serial correlation of 0.48 indicates that about 48.0% of current PIMCO Euro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PIMCO Euro Short lagged returns against current returns
Autocorrelation, which is PIMCO Euro etf'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 PIMCO Euro's etf expected returns. We can calculate the autocorrelation of PIMCO Euro returns to help us make a trade decision. For example, suppose you find that PIMCO Euro has exhibited high autocorrelation historically, and you observe that the etf 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 |
PIMCO Euro 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 PIMCO Euro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Euro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Euro etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Euro Lagged Returns
When evaluating PIMCO Euro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Euro etf have on its future price. PIMCO Euro 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, PIMCO Euro autocorrelation shows the relationship between PIMCO Euro etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Euro Short Term.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Euro 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 Euro security.