Pimco International Bond Fund Market Value
| PFONX Fund | USD 9.97 0.01 0.10% |
| Symbol | Pimco |
Pimco International '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 International'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 International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pimco International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco International Bond or generate 0.0% return on investment in Pimco International over 30 days. Pimco International is related to or competes with Rational Defensive, Champlain Mid, Eip Growth, Franklin Growth, Small Pany, and Pace Smallmedium. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More
Pimco International 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 International'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 International Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1935 | |||
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 0.9152 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.3046 |
Pimco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco International's standard deviation. In reality, there are many statistical measures that can use Pimco International historical prices to predict the future Pimco International's volatility.| Risk Adjusted Performance | 0.0715 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.55) | |||
| Treynor Ratio | 0.2575 |
Pimco International Bond Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco International Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco International Bond, which you can use to evaluate the volatility of the fund. Please check Pimco International's Standard Deviation of 0.1835, risk adjusted performance of 0.0715, and Downside Deviation of 0.1935 to confirm if the risk estimate we provide is consistent with the expected return of 0.0275%. The fund holds a Beta of 0.0571, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco International is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Pimco International Bond has good predictability. Overlapping area represents the amount of predictability between Pimco International time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 International Bond price movement. The serial correlation of 0.74 indicates that around 74.0% of current Pimco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco International Bond lagged returns against current returns
Autocorrelation, which is Pimco International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Pimco International returns to help us make a trade decision. For example, suppose you find that Pimco International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco International Lagged Returns
When evaluating Pimco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco International mutual fund have on its future price. Pimco International 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 International autocorrelation shows the relationship between Pimco International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco International Bond.
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 International 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 International security.
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