Pimco Intermediate Municipal Etf Market Value
| MUNI Etf | USD 52.35 0.20 0.38% |
| Symbol | PIMCO |
The market value of PIMCO Intermediate 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 Intermediate's value that differs from its market value or its book value, called intrinsic value, which is PIMCO Intermediate'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 Intermediate's market value can be influenced by many factors that don't directly affect PIMCO Intermediate'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 Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Intermediate'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 Intermediate '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 Intermediate'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 Intermediate.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in PIMCO Intermediate on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Intermediate Municipal or generate 0.0% return on investment in PIMCO Intermediate over 30 days. PIMCO Intermediate is related to or competes with SSGA Active, SPDR MarketAxess, and SSGA Active. The fund invests at least 80 percent of its assets in a diversified portfolio of debt securities whose interest is, in t... More
PIMCO Intermediate 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 Intermediate'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 Intermediate Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2911 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 1.44 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.2665 |
PIMCO Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Intermediate's standard deviation. In reality, there are many statistical measures that can use PIMCO Intermediate historical prices to predict the future PIMCO Intermediate's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | 0.1123 |
PIMCO Intermediate Backtested Returns
PIMCO Intermediate is very steady at the moment. PIMCO Intermediate maintains Sharpe Ratio (i.e., Efficiency) of 0.0278, which implies the entity had a 0.0278% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PIMCO Intermediate, which you can use to evaluate the volatility of the etf. Please check PIMCO Intermediate's semi deviation of 0.2539, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0063%. The etf holds a Beta of -0.0844, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIMCO Intermediate are expected to decrease at a much lower rate. During the bear market, PIMCO Intermediate is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
PIMCO Intermediate Municipal has average predictability. Overlapping area represents the amount of predictability between PIMCO Intermediate time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Intermediate price movement. The serial correlation of 0.42 indicates that just about 42.0% of current PIMCO Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PIMCO Intermediate lagged returns against current returns
Autocorrelation, which is PIMCO Intermediate 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 Intermediate's etf expected returns. We can calculate the autocorrelation of PIMCO Intermediate returns to help us make a trade decision. For example, suppose you find that PIMCO Intermediate 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 Intermediate 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 Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Intermediate Lagged Returns
When evaluating PIMCO Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Intermediate etf have on its future price. PIMCO Intermediate 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 Intermediate autocorrelation shows the relationship between PIMCO Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Intermediate Municipal.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether PIMCO Intermediate offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PIMCO Intermediate's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pimco Intermediate Municipal Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Pimco Intermediate Municipal Etf:Check out PIMCO Intermediate Correlation, PIMCO Intermediate Volatility and PIMCO Intermediate Alpha and Beta module to complement your research on PIMCO Intermediate. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
PIMCO Intermediate 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.