Pimco Extended Duration Fund Market Value
| PEDPX Fund | USD 14.02 0.17 1.23% |
| Symbol | Pimco |
Pimco Extended '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 Extended's mutual 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 Extended.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pimco Extended on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Extended Duration or generate 0.0% return on investment in Pimco Extended over 30 days. Pimco Extended is related to or competes with Lgm Risk, Siit High, Strategic Allocation:, Pioneer High, Ab High, Pace High, and Alliancebernstein. The fund seeks to achieve its investment objective by investing under normal circumstances at least 65 percent of its to... More
Pimco Extended 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 Extended's mutual 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 Extended Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.08 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.15 |
Pimco Extended Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Extended's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Extended's standard deviation. In reality, there are many statistical measures that can use Pimco Extended historical prices to predict the future Pimco Extended's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.1811 |
Pimco Extended Duration Backtested Returns
Pimco Extended Duration maintains Sharpe Ratio (i.e., Efficiency) of -0.0499, which implies the entity had a -0.0499% return per unit of risk over the last 3 months. Pimco Extended Duration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Extended's Risk Adjusted Performance of (0.03), variance of 1.68, and Coefficient Of Variation of (2,348) to confirm the risk estimate we provide. The fund holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pimco Extended are expected to decrease at a much lower rate. During the bear market, Pimco Extended is likely to outperform the market.
Auto-correlation | -0.38 |
Poor reverse predictability
Pimco Extended Duration has poor reverse predictability. Overlapping area represents the amount of predictability between Pimco Extended time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Extended Duration price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Pimco Extended price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Pimco Extended Duration lagged returns against current returns
Autocorrelation, which is Pimco Extended mutual 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 Extended's mutual fund expected returns. We can calculate the autocorrelation of Pimco Extended returns to help us make a trade decision. For example, suppose you find that Pimco Extended has exhibited high autocorrelation historically, and you observe that the mutual 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 Extended 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 Extended mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Extended mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Extended mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Extended Lagged Returns
When evaluating Pimco Extended's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Extended mutual fund have on its future price. Pimco Extended 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 Extended autocorrelation shows the relationship between Pimco Extended mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Extended Duration.
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 Mutual Fund
Pimco Extended financial ratios help investors to determine whether Pimco Mutual 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 Extended security.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |