Pimco California Municipal Fund Market Value
| PZC Fund | USD 7.11 0.04 0.57% |
| Symbol | Pimco |
Pimco California '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 California'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 California.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Pimco California on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Pimco California Municipal or generate 0.0% return on investment in Pimco California over 510 days. Pimco California is related to or competes with Pimco California, BlackRock California, Blackrock Muniholdings, Invesco California, Pimco California, Nuveen California, and Pimco Municipal. PIMCO California Municipal Income Fund III is a closed ended fixed income mutual fund launched and managed by Allianz Gl... More
Pimco California 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 California'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 California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.6925 |
Pimco California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco California's standard deviation. In reality, there are many statistical measures that can use Pimco California historical prices to predict the future Pimco California's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2245 |
Pimco California Mun Backtested Returns
Pimco California Mun maintains Sharpe Ratio (i.e., Efficiency) of -0.0084, which implies the entity had a -0.0084% return per unit of risk over the last 3 months. Pimco California Mun exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco California's Variance of 0.3351, risk adjusted performance of (0.02), and Coefficient Of Variation of (5,226) to confirm the risk estimate we provide. The fund holds a Beta of -0.0939, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco California are expected to decrease at a much lower rate. During the bear market, Pimco California is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
Pimco California Municipal has virtually no predictability. Overlapping area represents the amount of predictability between Pimco California time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 California Mun price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Pimco California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Pimco California Mun lagged returns against current returns
Autocorrelation, which is Pimco California 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 California's fund expected returns. We can calculate the autocorrelation of Pimco California returns to help us make a trade decision. For example, suppose you find that Pimco California 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 California 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 California fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco California fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco California fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco California Lagged Returns
When evaluating Pimco California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco California fund have on its future price. Pimco California 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 California autocorrelation shows the relationship between Pimco California fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco California Municipal.
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 California 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 California security.
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