Pimco Total Return Fund Market Value
| PRAPX Fund | USD 7.67 0.07 0.92% |
| Symbol | Pimco |
Pimco Total '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 Total'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 Total.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pimco Total on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Total Return or generate 0.0% return on investment in Pimco Total over 90 days. Pimco Total is related to or competes with Pimco Rae, Pimco Rae, Pimco Rae, Pimco Rae, Pimco Foreign, Pimco Preferred, and Pimco Fundamental. The fund invests at least 65 percent of its total assets in a diversified portfolio of Fixed Income Instruments of varyi... More
Pimco Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.3881 |
Pimco Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Total's standard deviation. In reality, there are many statistical measures that can use Pimco Total historical prices to predict the future Pimco Total's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.8587 |
Pimco Total Return Backtested Returns
Pimco Total Return maintains Sharpe Ratio (i.e., Efficiency) of -0.0471, which implies the entity had a -0.0471% return per unit of risk over the last 3 months. Pimco Total Return exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Total's Variance of 0.083, coefficient of variation of (2,157), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The fund holds a Beta of -0.0272, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco Total are expected to decrease at a much lower rate. During the bear market, Pimco Total is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Pimco Total Return has good reverse predictability. Overlapping area represents the amount of predictability between Pimco Total time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Total Return price movement. The serial correlation of -0.51 indicates that about 51.0% of current Pimco Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco Total Return lagged returns against current returns
Autocorrelation, which is Pimco Total 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 Total's mutual fund expected returns. We can calculate the autocorrelation of Pimco Total returns to help us make a trade decision. For example, suppose you find that Pimco Total 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 Total 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 Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Total 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 Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Total Lagged Returns
When evaluating Pimco Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Total mutual fund have on its future price. Pimco Total 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 Total autocorrelation shows the relationship between Pimco Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Total Return.
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 Total 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 Total security.
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