Pimco Preferred And Fund Market Value
| PFCJX Fund | USD 9.28 0.01 0.11% |
| Symbol | Pimco |
Pimco Preferred '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 Preferred'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 Preferred.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Pimco Preferred on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Pimco Preferred And or generate 0.0% return on investment in Pimco Preferred over 360 days. Pimco Preferred is related to or competes with Pimco Mortgage, Pimco Floating, Pimco High, and Pimco Income. The fund invests at least 80 percent of its assets in a diversified portfolio of preferred securities and Capital Securi... More
Pimco Preferred 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 Preferred'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 Preferred And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.177 | |||
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 0.6459 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2176 |
Pimco Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Preferred's standard deviation. In reality, there are many statistical measures that can use Pimco Preferred historical prices to predict the future Pimco Preferred's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.61) | |||
| Treynor Ratio | 0.4896 |
Pimco Preferred And Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco Preferred And maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco Preferred And, which you can use to evaluate the volatility of the fund. Please check Pimco Preferred's Standard Deviation of 0.133, downside deviation of 0.177, and Risk Adjusted Performance of 0.0857 to confirm if the risk estimate we provide is consistent with the expected return of 0.0184%. The fund holds a Beta of 0.0268, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Preferred is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Pimco Preferred And has excellent predictability. Overlapping area represents the amount of predictability between Pimco Preferred time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Preferred And price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Pimco Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pimco Preferred And lagged returns against current returns
Autocorrelation, which is Pimco Preferred 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 Preferred's mutual fund expected returns. We can calculate the autocorrelation of Pimco Preferred returns to help us make a trade decision. For example, suppose you find that Pimco Preferred 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 Preferred 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 Preferred mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Preferred 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 Preferred mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Preferred Lagged Returns
When evaluating Pimco Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Preferred mutual fund have on its future price. Pimco Preferred 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 Preferred autocorrelation shows the relationship between Pimco Preferred mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Preferred And.
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 Preferred 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 Preferred security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |