Pimco Global Bond Fund Market Value
| PGNPX Fund | USD 9.53 0.01 0.11% |
| Symbol | Pimco |
Pimco Global '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 Global'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 Global.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Pimco Global on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Global Bond or generate 0.0% return on investment in Pimco Global over 30 days. Pimco Global is related to or competes with Foreign Bond, Emerging Markets, High Yield, Low Duration, and Pimco Income. The fund normally invests at least 80 percent of its assets in Fixed Income Instruments that are economically tied to at... More
Pimco Global 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 Global'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 Global Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1989 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 0.951 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3202 |
Pimco Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Global's standard deviation. In reality, there are many statistical measures that can use Pimco Global historical prices to predict the future Pimco Global's volatility.| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0824 |
Pimco Global Bond Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco Global Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco Global Bond, which you can use to evaluate the volatility of the fund. Please check Pimco Global's Coefficient Of Variation of 1457.47, risk adjusted performance of 0.0232, and Semi Deviation of 0.0688 to confirm if the risk estimate we provide is consistent with the expected return of 0.0195%. The fund holds a Beta of 0.0358, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Global is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Pimco Global Bond has modest predictability. Overlapping area represents the amount of predictability between Pimco Global time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd 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 Global Bond price movement. The serial correlation of 0.51 indicates that about 51.0% of current Pimco Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco Global Bond lagged returns against current returns
Autocorrelation, which is Pimco Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Pimco Global returns to help us make a trade decision. For example, suppose you find that Pimco Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Global Lagged Returns
When evaluating Pimco Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Global mutual fund have on its future price. Pimco Global 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 Global autocorrelation shows the relationship between Pimco Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Global 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 Global 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 Global security.
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