Pimco New York Fund Market Value
| PNYNX Fund | USD 10.89 0.03 0.28% |
| Symbol | Pimco |
Pimco New '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 New'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 New.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pimco New on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco New York or generate 0.0% return on investment in Pimco New over 30 days. Pimco New is related to or competes with Massmutual Select, Vanguard Small-cap, Ab Small, Ab Small, The Hartford, Champlain Small, and Ancora/thelen Small-mid. The fund normally invests at least 80 percent of its assets in debt securities whose interest is, in the opinion of bond... More
Pimco New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.341 | |||
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2783 |
Pimco New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco New's standard deviation. In reality, there are many statistical measures that can use Pimco New historical prices to predict the future Pimco New's volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | (0.03) |
Pimco New York Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco New York maintains Sharpe Ratio (i.e., Efficiency) of 0.0667, which implies the entity had a 0.0667% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco New York, which you can use to evaluate the volatility of the fund. Please check Pimco New's Risk Adjusted Performance of 0.0198, semi deviation of 0.1657, and Coefficient Of Variation of 1706.37 to confirm if the risk estimate we provide is consistent with the expected return of 0.0149%. The fund holds a Beta of -0.0897, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco New are expected to decrease at a much lower rate. During the bear market, Pimco New is likely to outperform the market.
Auto-correlation | 0.31 |
Below average predictability
Pimco New York has below average predictability. Overlapping area represents the amount of predictability between Pimco New time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 New York price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Pimco New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco New York lagged returns against current returns
Autocorrelation, which is Pimco New 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 New's mutual fund expected returns. We can calculate the autocorrelation of Pimco New returns to help us make a trade decision. For example, suppose you find that Pimco New 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 New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco New 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 New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco New Lagged Returns
When evaluating Pimco New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco New mutual fund have on its future price. Pimco New 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 New autocorrelation shows the relationship between Pimco New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco New York.
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 New 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 New security.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |