Pimco Enhanced Low Etf Market Value
| LDUR Etf | USD 94.99 0.19 0.20% |
| Symbol | PIMCO |
The market value of PIMCO Enhanced Low is measured differently than its book value, which is the value of PIMCO that is recorded on the company's balance sheet. Investors also form their own opinion of PIMCO Enhanced's value that differs from its market value or its book value, called intrinsic value, which is PIMCO Enhanced's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PIMCO Enhanced's market value can be influenced by many factors that don't directly affect PIMCO Enhanced's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PIMCO Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Enhanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Enhanced's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PIMCO Enhanced '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 Enhanced'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 Enhanced.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in PIMCO Enhanced on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding PIMCO Enhanced Low or generate 0.0% return on investment in PIMCO Enhanced over 720 days. PIMCO Enhanced is related to or competes with Dimensional ETF, Dimensional ETF, Dimensional Core, Dimensional ETF, and Dimensional Emerging. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in a diversified p... More
PIMCO Enhanced 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 Enhanced'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 Enhanced Low upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1301 | |||
| Information Ratio | (0.77) | |||
| Maximum Drawdown | 0.6304 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.2221 |
PIMCO Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Enhanced's standard deviation. In reality, there are many statistical measures that can use PIMCO Enhanced historical prices to predict the future PIMCO Enhanced's volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.0064 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PIMCO Enhanced's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PIMCO Enhanced Low Backtested Returns
Currently, PIMCO Enhanced Low is very steady. PIMCO Enhanced Low maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for PIMCO Enhanced Low, which you can use to evaluate the volatility of the etf. Please check PIMCO Enhanced's downside deviation of 0.1301, and Risk Adjusted Performance of 0.0377 to confirm if the risk estimate we provide is consistent with the expected return of 0.0136%. The etf holds a Beta of -0.0189, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIMCO Enhanced are expected to decrease at a much lower rate. During the bear market, PIMCO Enhanced is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
PIMCO Enhanced Low has very good predictability. Overlapping area represents the amount of predictability between PIMCO Enhanced time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Enhanced Low price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current PIMCO Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
PIMCO Enhanced Low lagged returns against current returns
Autocorrelation, which is PIMCO Enhanced 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 Enhanced's etf expected returns. We can calculate the autocorrelation of PIMCO Enhanced returns to help us make a trade decision. For example, suppose you find that PIMCO Enhanced 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 Enhanced 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 Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Enhanced etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Enhanced Lagged Returns
When evaluating PIMCO Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Enhanced etf have on its future price. PIMCO Enhanced 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 Enhanced autocorrelation shows the relationship between PIMCO Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Enhanced Low.
Regressed Prices |
| Timeline |
Pair Trading with PIMCO Enhanced
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 Enhanced 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 Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with PIMCO Etf
| 0.71 | IGSB | iShares 1 5 | PairCorr |
| 0.95 | SPSB | SPDR Barclays Short Sell-off Trend | PairCorr |
| 0.61 | ISTB | iShares Core 1 | PairCorr |
| 0.87 | SLQD | iShares 0 5 | PairCorr |
Moving against PIMCO Etf
| 0.48 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to PIMCO Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Low to buy it.
The correlation of PIMCO Enhanced 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 Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO Enhanced Low 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 Enhanced 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 Enhanced Correlation, PIMCO Enhanced Volatility and PIMCO Enhanced Alpha and Beta module to complement your research on PIMCO Enhanced. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
PIMCO Enhanced 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.