Pimco High Yield Fund Market Value
| PHSAX Fund | USD 9.24 0.01 0.11% |
| Symbol | Pimco |
Pimco High '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 High'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 High.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Pimco High on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco High Yield or generate 0.0% return on investment in Pimco High over 720 days. Pimco High is related to or competes with Qs Growth, Vanguard Growth, Champlain Mid, Touchstone Small, Small Pany, and Tfa Alphagen. The fund invests at least 80 percent of its assets in high yield investments , which may be represented by convertibles,... More
Pimco High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1685 | |||
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3268 |
Pimco High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco High's standard deviation. In reality, there are many statistical measures that can use Pimco High historical prices to predict the future Pimco High's volatility.| Risk Adjusted Performance | 0.0912 | |||
| Jensen Alpha | 0.0101 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.58) | |||
| Treynor Ratio | 0.259 |
Pimco High Yield Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco High Yield, which you can use to evaluate the volatility of the fund. Please check Pimco High's Standard Deviation of 0.1727, risk adjusted performance of 0.0912, and Downside Deviation of 0.1685 to confirm if the risk estimate we provide is consistent with the expected return of 0.0209%. The fund holds a Beta of 0.0706, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco High is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Pimco High Yield has good predictability. Overlapping area represents the amount of predictability between Pimco High time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 High Yield price movement. The serial correlation of 0.79 indicates that around 79.0% of current Pimco High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Pimco High Yield lagged returns against current returns
Autocorrelation, which is Pimco High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Pimco High returns to help us make a trade decision. For example, suppose you find that Pimco High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco High Lagged Returns
When evaluating Pimco High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco High mutual fund have on its future price. Pimco High 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 High autocorrelation shows the relationship between Pimco High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco High Yield.
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 High 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 High security.
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