Pimco Preferred And Etf Market Value
| PRFD Etf | 51.15 0.07 0.14% |
| Symbol | PIMCO |
The market value of PIMCO Preferred And is measured differently than its book value, which is the value of PIMCO that is recorded on the company's balance sheet. Investors also form their own opinion of PIMCO Preferred's value that differs from its market value or its book value, called intrinsic value, which is PIMCO Preferred's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PIMCO Preferred's market value can be influenced by many factors that don't directly affect PIMCO Preferred's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PIMCO Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Preferred's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PIMCO Preferred '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 Preferred's etf 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 Preferred.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PIMCO Preferred on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Preferred And or generate 0.0% return on investment in PIMCO Preferred over 60 days. PIMCO Preferred is related to or competes with IShares Preferred, First Trust, Global X, Invesco Variable, Invesco Financial, SPDR ICE, and VanEck Preferred. PIMCO Preferred is entity of United States More
PIMCO Preferred 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 Preferred's etf 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 Preferred And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1963 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 0.9658 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.3362 |
PIMCO Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Preferred's standard deviation. In reality, there are many statistical measures that can use PIMCO Preferred historical prices to predict the future PIMCO Preferred's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | 0.0121 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.53) | |||
| Treynor Ratio | 0.4081 |
PIMCO Preferred And Backtested Returns
At this point, PIMCO Preferred is very steady. PIMCO Preferred And maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PIMCO Preferred And, which you can use to evaluate the volatility of the etf. Please check PIMCO Preferred's risk adjusted performance of 0.0823, and Semi Deviation of 0.0127 to confirm if the risk estimate we provide is consistent with the expected return of 0.0293%. The etf holds a Beta of 0.0419, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIMCO Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO Preferred is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
PIMCO Preferred And has good reverse predictability. Overlapping area represents the amount of predictability between PIMCO Preferred time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Preferred And price movement. The serial correlation of -0.52 indicates that about 52.0% of current PIMCO Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PIMCO Preferred And lagged returns against current returns
Autocorrelation, which is PIMCO Preferred etf'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 Preferred's etf expected returns. We can calculate the autocorrelation of PIMCO Preferred returns to help us make a trade decision. For example, suppose you find that PIMCO Preferred has exhibited high autocorrelation historically, and you observe that the etf 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Preferred etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Preferred Lagged Returns
When evaluating PIMCO Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Preferred etf have on its future price. PIMCO Preferred 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 Preferred autocorrelation shows the relationship between PIMCO Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Preferred And.
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.When determining whether PIMCO Preferred And is a strong investment it is important to analyze PIMCO Preferred's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PIMCO Preferred's future performance. For an informed investment choice regarding PIMCO Etf, refer to the following important reports:Check out PIMCO Preferred Correlation, PIMCO Preferred Volatility and PIMCO Preferred Alpha and Beta module to complement your research on PIMCO Preferred. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
PIMCO Preferred technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.