Pimco Foreign Bond Fund Market Value
| PFUUX Fund | USD 7.42 0.01 0.13% |
| 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.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Pimco Foreign on December 7, 2022 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 720 days. Pimco Foreign is related to or competes with Simt Real, Deutsche Real, Fidelity Real, Virtus Real, Us Real, and Columbia Real. 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.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.6553 |
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 | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Foreign's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pimco Foreign Bond Backtested Returns
Pimco Foreign Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. Pimco Foreign Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Foreign's Variance of 0.1711, coefficient of variation of (1,104), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The fund holds a Beta of 0.0654, 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 | -0.71 |
Almost perfect reverse predictability
Pimco Foreign Bond has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pimco Foreign time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 -0.71 indicates that around 71.0% of current Pimco Foreign price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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.
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