Pimco Investment Grade Etf Market Value
| IGCF Etf | CAD 16.59 0.01 0.06% |
| Symbol | PIMCO |
PIMCO Investment '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 Investment'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 Investment.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PIMCO Investment on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Investment Grade or generate 0.0% return on investment in PIMCO Investment over 30 days. PIMCO Investment is related to or competes with BMO Mid, CI Canadian, BMO Long, and Hamilton MidSmall. The investment objective of the Fund is to maximize current income consistent with preservation of capital and prudent i... More
PIMCO Investment 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 Investment'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 Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.8403 |
PIMCO Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Investment's standard deviation. In reality, there are many statistical measures that can use PIMCO Investment historical prices to predict the future PIMCO Investment's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 2.17 |
PIMCO Investment Grade Backtested Returns
PIMCO Investment Grade maintains Sharpe Ratio (i.e., Efficiency) of -0.0084, which implies the entity had a -0.0084% return per unit of volatility over the last 3 months. PIMCO Investment Grade exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIMCO Investment's risk adjusted performance of (0.03), and Coefficient Of Variation of (4,049) to confirm the risk estimate we provide. The etf holds a Beta of -0.0096, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIMCO Investment are expected to decrease at a much lower rate. During the bear market, PIMCO Investment is likely to outperform the market.
Auto-correlation | -0.21 |
Weak reverse predictability
PIMCO Investment Grade has weak reverse predictability. Overlapping area represents the amount of predictability between PIMCO Investment time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Investment Grade price movement. The serial correlation of -0.21 indicates that over 21.0% of current PIMCO Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PIMCO Investment Grade lagged returns against current returns
Autocorrelation, which is PIMCO Investment 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 Investment's etf expected returns. We can calculate the autocorrelation of PIMCO Investment returns to help us make a trade decision. For example, suppose you find that PIMCO Investment 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 Investment 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 Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Investment etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Investment Lagged Returns
When evaluating PIMCO Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Investment etf have on its future price. PIMCO Investment 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 Investment autocorrelation shows the relationship between PIMCO Investment etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Investment Grade.
Regressed Prices |
| Timeline |
Pair Trading with PIMCO Investment
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 PIMCO Investment 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 PIMCO Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with PIMCO Etf
Moving against PIMCO Etf
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| 0.71 | ENCC | Global X Canadian | PairCorr |
The ability to find closely correlated positions to PIMCO Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PIMCO Investment 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 PIMCO Investment - 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 PIMCO Investment Grade to buy it.
The correlation of PIMCO Investment 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 PIMCO Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO Investment Grade 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 PIMCO Investment 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.Check out PIMCO Investment Correlation, PIMCO Investment Volatility and PIMCO Investment Alpha and Beta module to complement your research on PIMCO Investment. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
PIMCO Investment technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.