Pimco Long Duration Fund Market Value
| PLRCX Fund | USD 7.14 0.01 0.14% |
| Symbol | Pimco |
Pimco Long '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 Long'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 Long.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Pimco Long on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco Long Duration or generate 0.0% return on investment in Pimco Long over 720 days. Pimco Long is related to or competes with Vanguard Short-term, California High-yield, Baird Strategic, Ab Impact, Counterpoint Tactical, Ishares Municipal, and Nuveen Minnesota. The fund invests at least 65 percent of its total assets in a diversified portfolio of Fixed Income Instruments of varyi... More
Pimco Long 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 Long'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 Long Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.08 |
Pimco Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Long's standard deviation. In reality, there are many statistical measures that can use Pimco Long historical prices to predict the future Pimco Long's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.4312 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Long'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 Long Duration Backtested Returns
Pimco Long Duration 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 Long Duration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Long's Variance of 0.3852, coefficient of variation of (962.15), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The fund holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco Long are expected to decrease at a much lower rate. During the bear market, Pimco Long is likely to outperform the market.
Auto-correlation | -0.66 |
Very good reverse predictability
Pimco Long Duration has very good reverse predictability. Overlapping area represents the amount of predictability between Pimco Long time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Long Duration price movement. The serial correlation of -0.66 indicates that around 66.0% of current Pimco Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pimco Long Duration lagged returns against current returns
Autocorrelation, which is Pimco Long 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 Long's mutual fund expected returns. We can calculate the autocorrelation of Pimco Long returns to help us make a trade decision. For example, suppose you find that Pimco Long 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 Long 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 Long mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Long 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 Long mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Long Lagged Returns
When evaluating Pimco Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Long mutual fund have on its future price. Pimco Long 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 Long autocorrelation shows the relationship between Pimco Long mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Long Duration.
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 Long 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 Long security.
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