Pimco Income Strategy Fund Market Value
| PFN Fund | USD 7.49 0.04 0.54% |
| Symbol | Pimco |
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 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 Income.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Pimco Income on February 11, 2023 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 720 days. Pimco Income is related to or competes with Pcm Fund, Pimco Corporate, Pimco Global, Pimco High, Pimco Dynamic, MainStay CBRE, and XAI Octagon. PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investor... 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 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 Income Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4356 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.18 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.5479 |
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 | 0.1004 | |||
| Jensen Alpha | 0.0303 | |||
| Total Risk Alpha | 2.0E-4 | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.4482 |
Pimco Income Strategy Backtested Returns
As of now, Pimco Fund is very steady. Pimco Income Strategy maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12 % 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 fund. Please check Pimco Income's Risk Adjusted Performance of 0.1004, semi deviation of 0.2647, and Coefficient Of Variation of 731.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.0434%. The fund holds a Beta of 0.0845, 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 | 0.30 |
Below average predictability
Pimco Income Strategy has below average predictability. Overlapping area represents the amount of predictability between Pimco Income time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st 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 0.3 indicates that nearly 30.0% of current Pimco Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Pimco Income Strategy lagged returns against current returns
Autocorrelation, which is Pimco Income 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 Income's fund 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 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 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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Income fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Income fund 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 fund 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 fund 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 |
Pair Trading with Pimco Income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pimco Income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pimco Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Pimco Fund
| 0.67 | RYMEX | Commodities Strategy | PairCorr |
| 0.66 | RYMJX | Commodities Strategy | PairCorr |
| 0.68 | RYMBX | Commodities Strategy | PairCorr |
Moving against Pimco Fund
The ability to find closely correlated positions to Pimco Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pimco Income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pimco Income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pimco Income Strategy to buy it.
The correlation of Pimco Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco Income Strategy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pimco Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Pimco Fund
Pimco Income 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 Income security.
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