Pimco Income Strategy Etf Market Value
PFL Etf | USD 8.41 0.02 0.24% |
Symbol | Pimco |
The market value of Pimco Income Strategy 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 Income's value that differs from its market value or its book value, called intrinsic value, which is Pimco Income'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 Income's market value can be influenced by many factors that don't directly affect Pimco Income'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 Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pimco Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pimco Income'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 Income '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 Income'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 Income.
12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Pimco Income on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Income Strategy or generate 0.0% return on investment in Pimco Income over 30 days. Pimco Income is related to or competes with PIMCO Access, Pimco High, Pimco Corporate, Pimco Corporate, Pimco Global, Pimco Strategic, and Blackrock Enhanced. PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors F... More
Pimco Income 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 Income'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 Income Strategy upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5746 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 2.18 | |||
Value At Risk | (0.48) | |||
Potential Upside | 0.6158 |
Pimco Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Income's standard deviation. In reality, there are many statistical measures that can use Pimco Income historical prices to predict the future Pimco Income's volatility.Risk Adjusted Performance | 0.0028 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | (0.07) |
Pimco Income Strategy Backtested Returns
As of now, Pimco Etf is very steady. Pimco Income Strategy maintains Sharpe Ratio (i.e., Efficiency) of 0.0349, which implies the entity had a 0.0349% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pimco Income Strategy, which you can use to evaluate the volatility of the etf. Please check Pimco Income's Semi Deviation of 0.4314, risk adjusted performance of 0.0028, and Coefficient Of Variation of 6783.68 to confirm if the risk estimate we provide is consistent with the expected return of 0.0143%. The etf holds a Beta of 0.0534, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Income is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
Pimco Income Strategy has very weak reverse predictability. Overlapping area represents the amount of predictability between Pimco Income time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 Income Strategy price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Pimco Income price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.1 | |
Spearman Rank Test | 0.62 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Pimco Income Strategy lagged returns against current returns
Autocorrelation, which is Pimco Income 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 Income's etf expected returns. We can calculate the autocorrelation of Pimco Income returns to help us make a trade decision. For example, suppose you find that Pimco Income 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 Income 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 Income etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Income etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Income etf over time.
Current vs Lagged Prices |
Timeline |
Pimco Income Lagged Returns
When evaluating Pimco Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Income etf have on its future price. Pimco Income 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 Income autocorrelation shows the relationship between Pimco Income etf current value and its past values and can show if there is a momentum factor associated with investing in Pimco Income Strategy.
Regressed Prices |
Timeline |
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Pimco Income 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 Income security.