Pimco Corporate Income Fund Market Value
| PTY Fund | USD 14.80 0.03 0.20% |
| Symbol | Pimco |
Pimco Corporate '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 Corporate'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 Corporate.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in Pimco Corporate on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding Pimco Corporate Income or generate 0.0% return on investment in Pimco Corporate over 30 days. Pimco Corporate is related to or competes with Pimco Dynamic, Guggenheim Strategic, Brookfield Real, Reaves Utility, BlackRock Credit, Pimco Income, and Pcm Fund. PIMCO Corporate Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Globa... More
Pimco Corporate 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 Corporate'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 Corporate Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3983 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.67 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4228 |
Pimco Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Corporate's standard deviation. In reality, there are many statistical measures that can use Pimco Corporate historical prices to predict the future Pimco Corporate's volatility.| Risk Adjusted Performance | 0.1249 | |||
| Jensen Alpha | 0.0314 | |||
| Total Risk Alpha | 0.0091 | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.4832 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Corporate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pimco Corporate Income Backtested Returns
At this stage we consider Pimco Fund to be very steady. Pimco Corporate Income maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pimco Corporate Income, which you can use to evaluate the volatility of the fund. Please check Pimco Corporate's Coefficient Of Variation of 573.35, risk adjusted performance of 0.1249, and Semi Deviation of 0.2209 to confirm if the risk estimate we provide is consistent with the expected return of 0.0515%. The fund holds a Beta of 0.0794, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Corporate is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Pimco Corporate Income has excellent predictability. Overlapping area represents the amount of predictability between Pimco Corporate time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th of February 2025. 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 Corporate Income price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Pimco Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pimco Corporate Income lagged returns against current returns
Autocorrelation, which is Pimco Corporate 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 Corporate's fund expected returns. We can calculate the autocorrelation of Pimco Corporate returns to help us make a trade decision. For example, suppose you find that Pimco Corporate 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 Corporate 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 Corporate fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Corporate fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Corporate fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Corporate Lagged Returns
When evaluating Pimco Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Corporate fund have on its future price. Pimco Corporate 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 Corporate autocorrelation shows the relationship between Pimco Corporate fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Corporate Income.
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 Fund
Pimco Corporate 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 Corporate security.
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