PIMCO Dollar (UK) Market Value
| MIST Etf | 109.70 0.02 0.02% |
| Symbol | PIMCO |
PIMCO Dollar '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 Dollar'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 Dollar.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PIMCO Dollar on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Dollar Short or generate 0.0% return on investment in PIMCO Dollar over 60 days. PIMCO Dollar is related to or competes with Leverage Shares, Leverage Shares, GraniteShares, Leverage Shares, WisdomTree Natural, WisdomTree Natural, and WisdomTree Short. PIMCO Dollar is entity of United Kingdom More
PIMCO Dollar 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 Dollar'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 Dollar Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0257 | |||
| Information Ratio | (3.58) | |||
| Maximum Drawdown | 0.1563 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0731 |
PIMCO Dollar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Dollar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Dollar's standard deviation. In reality, there are many statistical measures that can use PIMCO Dollar historical prices to predict the future PIMCO Dollar's volatility.| Risk Adjusted Performance | 0.2712 | |||
| Jensen Alpha | 0.0091 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | (4.09) | |||
| Treynor Ratio | 1.25 |
PIMCO Dollar Short Backtested Returns
Currently, PIMCO Dollar Short is very steady. PIMCO Dollar Short maintains Sharpe Ratio (i.e., Efficiency) of 0.66, which implies the entity had a 0.66% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for PIMCO Dollar Short, which you can use to evaluate the volatility of the etf. Please check PIMCO Dollar's risk adjusted performance of 0.2712, and Downside Deviation of 0.0257 to confirm if the risk estimate we provide is consistent with the expected return of 0.0195%. The etf holds a Beta of 0.008, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIMCO Dollar's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO Dollar is expected to be smaller as well.
Auto-correlation | 0.97 |
Excellent predictability
PIMCO Dollar Short has excellent predictability. Overlapping area represents the amount of predictability between PIMCO Dollar time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Dollar Short price movement. The serial correlation of 0.97 indicates that 97.0% of current PIMCO Dollar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PIMCO Dollar Short lagged returns against current returns
Autocorrelation, which is PIMCO Dollar 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 Dollar's etf expected returns. We can calculate the autocorrelation of PIMCO Dollar returns to help us make a trade decision. For example, suppose you find that PIMCO Dollar 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 Dollar 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 Dollar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Dollar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Dollar etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Dollar Lagged Returns
When evaluating PIMCO Dollar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Dollar etf have on its future price. PIMCO Dollar 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 Dollar autocorrelation shows the relationship between PIMCO Dollar etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Dollar Short.
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 Dollar 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 Dollar security.