Pimco Foreign Bond Fund Market Value
| PFRAX Fund | USD 9.97 0.01 0.10% |
| Symbol | Pimco |
Pimco Foreign '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 Foreign'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 Foreign.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pimco Foreign on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Foreign Bond or generate 0.0% return on investment in Pimco Foreign over 180 days. Pimco Foreign is related to or competes with Pimco Rae, Pimco Rae, Pimco Rae, Pimco Rae, Pimco Preferred, Pimco Fundamental, and Pimco Capital. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More
Pimco Foreign 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 Foreign'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 Foreign Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1935 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 0.9152 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.3046 |
Pimco Foreign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Foreign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Foreign's standard deviation. In reality, there are many statistical measures that can use Pimco Foreign historical prices to predict the future Pimco Foreign's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.0079 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | 0.2567 |
Pimco Foreign Bond Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco Foreign 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-six technical indicators for Pimco Foreign Bond, which you can use to evaluate the volatility of the fund. Please check Pimco Foreign's Standard Deviation of 0.1835, risk adjusted performance of 0.0712, 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 0.0572, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Foreign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Foreign is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Pimco Foreign Bond has poor predictability. Overlapping area represents the amount of predictability between Pimco Foreign time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Foreign Bond price movement. The serial correlation of 0.25 indicates that over 25.0% of current Pimco Foreign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco Foreign Bond lagged returns against current returns
Autocorrelation, which is Pimco Foreign 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 Foreign's mutual fund expected returns. We can calculate the autocorrelation of Pimco Foreign returns to help us make a trade decision. For example, suppose you find that Pimco Foreign 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 Foreign 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 Foreign mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Foreign 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 Foreign mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Foreign Lagged Returns
When evaluating Pimco Foreign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Foreign mutual fund have on its future price. Pimco Foreign 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 Foreign autocorrelation shows the relationship between Pimco Foreign mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Foreign 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 Foreign 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 Foreign security.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |