Pimco Dynamic Income Fund Market Value
| PDI Fund | USD 19.19 0.01 0.05% |
| Symbol | Pimco |
Pimco Dynamic '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 Dynamic's fund 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 Dynamic.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Pimco Dynamic on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Pimco Dynamic Income or generate 0.0% return on investment in Pimco Dynamic over 360 days. Pimco Dynamic is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniyield, Munivest Fund, DTF Tax, Blackrock Muniholdings, and Blackrock Muniyield. PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fun... More
Pimco Dynamic 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 Dynamic's fund 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 Dynamic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.04 |
Pimco Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Dynamic's standard deviation. In reality, there are many statistical measures that can use Pimco Dynamic historical prices to predict the future Pimco Dynamic's volatility.| Risk Adjusted Performance | 0.0681 | |||
| Jensen Alpha | 0.0421 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Dynamic'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 Dynamic Income Backtested Returns
Pimco Dynamic is very steady at the moment. Pimco Dynamic Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0775, which implies the entity had a 0.0775% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pimco Dynamic Income, which you can use to evaluate the volatility of the fund. Please check Pimco Dynamic's Coefficient Of Variation of 1132.97, risk adjusted performance of 0.0681, and Semi Deviation of 0.9925 to confirm if the risk estimate we provide is consistent with the expected return of 0.065%. The fund holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Dynamic is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Pimco Dynamic Income has good predictability. Overlapping area represents the amount of predictability between Pimco Dynamic time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 Dynamic Income price movement. The serial correlation of 0.73 indicates that around 73.0% of current Pimco Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Pimco Dynamic Income lagged returns against current returns
Autocorrelation, which is Pimco Dynamic fund'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 Dynamic's fund expected returns. We can calculate the autocorrelation of Pimco Dynamic returns to help us make a trade decision. For example, suppose you find that Pimco Dynamic has exhibited high autocorrelation historically, and you observe that the fund 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 Dynamic 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 Dynamic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Dynamic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Dynamic fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Dynamic Lagged Returns
When evaluating Pimco Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Dynamic fund have on its future price. Pimco Dynamic 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 Dynamic autocorrelation shows the relationship between Pimco Dynamic fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Dynamic Income.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pimco Fund
Pimco Dynamic financial ratios help investors to determine whether Pimco Fund 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 Dynamic security.
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