Pimco Etf Trust Etf Market Value
| MINO Etf | USD 45.67 0.01 0.02% |
| Symbol | PIMCO |
The market value of PIMCO ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is PIMCO ETF'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 ETF's market value can be influenced by many factors that don't directly affect PIMCO ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO ETF'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 ETF '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 ETF'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 ETF.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in PIMCO ETF on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO ETF Trust or generate 0.0% return on investment in PIMCO ETF over 30 days. PIMCO ETF is related to or competes with BlackRock Intermediate, SSGA Active, SSGA Active, and SPDR Nuveen. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More
PIMCO ETF 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 ETF'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3705 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.52 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.356 |
PIMCO ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO ETF's standard deviation. In reality, there are many statistical measures that can use PIMCO ETF historical prices to predict the future PIMCO ETF's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0.02) |
PIMCO ETF Trust Backtested Returns
As of now, PIMCO Etf is very steady. PIMCO ETF Trust maintains Sharpe Ratio (i.e., Efficiency) of 0.0501, which implies the entity had a 0.0501% return per unit of volatility over the last 3 months. We have found thirty technical indicators for PIMCO ETF Trust, which you can use to evaluate the volatility of the etf. Please check PIMCO ETF's risk adjusted performance of 0.0137, and Semi Deviation of 0.332 to confirm if the risk estimate we provide is consistent with the expected return of 0.0145%. The etf holds a Beta of -0.0631, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIMCO ETF are expected to decrease at a much lower rate. During the bear market, PIMCO ETF is likely to outperform the market.
Auto-correlation | 0.40 |
Average predictability
PIMCO ETF Trust has average predictability. Overlapping area represents the amount of predictability between PIMCO ETF time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 ETF Trust price movement. The serial correlation of 0.4 indicates that just about 40.0% of current PIMCO ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PIMCO ETF Trust lagged returns against current returns
Autocorrelation, which is PIMCO ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of PIMCO ETF returns to help us make a trade decision. For example, suppose you find that PIMCO ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO ETF etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO ETF Lagged Returns
When evaluating PIMCO ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO ETF etf have on its future price. PIMCO ETF 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 ETF autocorrelation shows the relationship between PIMCO ETF etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO ETF Trust.
Regressed Prices |
| Timeline |
Pair Trading with PIMCO ETF
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 ETF 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 ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with PIMCO Etf
| 0.93 | MUB | iShares National Muni | PairCorr |
| 0.94 | VTEB | Vanguard Tax Exempt | PairCorr |
| 0.92 | FMB | First Trust Managed | PairCorr |
| 0.88 | ITM | VanEck Intermediate Muni | PairCorr |
| 0.92 | MMIT | IQ MacKay Municipal | PairCorr |
The ability to find closely correlated positions to PIMCO ETF 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 ETF 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 ETF - 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 ETF Trust to buy it.
The correlation of PIMCO ETF 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 ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO ETF Trust 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 ETF 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 ETF Correlation, PIMCO ETF Volatility and PIMCO ETF Alpha and Beta module to complement your research on PIMCO ETF. To learn how to invest in PIMCO Etf, please use our How to Invest in PIMCO ETF guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
PIMCO ETF 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.