Pimco Incme Fund Market Value
| PONPX Fund | USD 10.63 0.06 0.57% |
| Symbol | Pimco |
Pimco Incme '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 Incme'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 Incme.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Pimco Incme on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Incme Fund or generate 0.0% return on investment in Pimco Incme over 60 days. Pimco Incme is related to or competes with Pimco Income, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund invests at least 65 percent of its total assets in a multi-sector portfolio of Fixed Income Instruments of vary... More
Pimco Incme 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 Incme'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 Incme Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2101 | |||
| Information Ratio | (0.63) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2841 |
Pimco Incme Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Incme's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Incme's standard deviation. In reality, there are many statistical measures that can use Pimco Incme historical prices to predict the future Pimco Incme's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | (0.06) |
Pimco Incme Fund Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco Incme Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.0539, which implies the entity had a 0.0539% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pimco Incme Fund, which you can use to evaluate the volatility of the fund. Please check Pimco Incme's Coefficient Of Variation of 2650.96, risk adjusted performance of (0.0005), and Semi Deviation of 0.1521 to confirm if the risk estimate we provide is consistent with the expected return of 0.0107%. The fund holds a Beta of 0.0465, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Incme's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Incme is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Pimco Incme Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Pimco Incme time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Incme Fund price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Pimco Incme price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco Incme Fund lagged returns against current returns
Autocorrelation, which is Pimco Incme 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 Incme's mutual fund expected returns. We can calculate the autocorrelation of Pimco Incme returns to help us make a trade decision. For example, suppose you find that Pimco Incme 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 Incme 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 Incme mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Incme 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 Incme mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Incme Lagged Returns
When evaluating Pimco Incme's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Incme mutual fund have on its future price. Pimco Incme 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 Incme autocorrelation shows the relationship between Pimco Incme mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Incme Fund.
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 Incme 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 Incme security.
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