Pimco Municipal Income Fund Market Value
| PML Fund | USD 8.79 0.13 1.50% |
| Symbol | Pimco |
Pimco Municipal '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 Municipal's 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 Municipal.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Pimco Municipal on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Pimco Municipal Income or generate 0.0% return on investment in Pimco Municipal over 540 days. Pimco Municipal is related to or competes with Pimco Municipal, Nuveen Municipal, Nuveen Amt-free, Pimco New, Nuveen Amt, Nuveen Amt-free, and Nuveen Dividend. PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investo... More
Pimco Municipal 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 Municipal's 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 Municipal Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9139 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.5 |
Pimco Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Municipal's standard deviation. In reality, there are many statistical measures that can use Pimco Municipal historical prices to predict the future Pimco Municipal's volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0811 |
Pimco Municipal Income Backtested Returns
As of now, Pimco Fund is very steady. Pimco Municipal Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0238, which implies the entity had a 0.0238% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pimco Municipal Income, which you can use to evaluate the volatility of the fund. Please check Pimco Municipal's Risk Adjusted Performance of 0.0239, semi deviation of 0.8454, and Coefficient Of Variation of 3470.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0226%. The fund holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Municipal is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Pimco Municipal Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pimco Municipal time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 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 Municipal Income price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Pimco Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Pimco Municipal Income lagged returns against current returns
Autocorrelation, which is Pimco Municipal 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 Municipal's fund expected returns. We can calculate the autocorrelation of Pimco Municipal returns to help us make a trade decision. For example, suppose you find that Pimco Municipal has exhibited high autocorrelation historically, and you observe that the 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 Municipal 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 Municipal fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Municipal fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Municipal fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Municipal Lagged Returns
When evaluating Pimco Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Municipal fund have on its future price. Pimco Municipal 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 Municipal autocorrelation shows the relationship between Pimco Municipal fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Municipal Income.
Regressed Prices |
| Timeline |
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Pimco Municipal financial ratios help investors to determine whether Pimco 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 Municipal security.
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