Pimco California Price To Earning vs. One Year Return
| PCQ Fund | USD 9.71 0.02 0.21% |
For Pimco California profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pimco California to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pimco California Municipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pimco California's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pimco California Municipal over time as well as its relative position and ranking within its peers.
Pimco |
Pimco California Mun One Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pimco California's current stock value. Our valuation model uses many indicators to compare Pimco California value to that of its competitors to determine the firm's financial worth. Pimco California Municipal is rated below average in price to earning among similar funds. It is rated top fund in one year return among similar funds reporting about 0.55 of One Year Return per Price To Earning. The ratio of Price To Earning to One Year Return for Pimco California Municipal is roughly 1.80 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Pimco California by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Pimco One Year Return vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Pimco California |
| = | 18.11 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Pimco California |
| = | 10.05 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Pimco One Year Return Comparison
Pimco California is currently under evaluation in one year return among similar funds.
Pimco California Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pimco California, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pimco California will eventually generate negative long term returns. The profitability progress is the general direction of Pimco California's change in net profit over the period of time. It can combine multiple indicators of Pimco California, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
PIMCO California Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in municipal bonds. PIMCO California Municipal Income Fund was formed on June 29, 2001 and is domiciled in New York.
Pimco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Pimco California. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Pimco California position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Pimco California's important profitability drivers and their relationship over time.
Use Pimco California in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pimco California position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pimco California will appreciate offsetting losses from the drop in the long position's value.Pimco California Pair Trading
Pimco California Municipal Pair Trading Analysis
The ability to find closely correlated positions to Pimco California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pimco California when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pimco California - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pimco California Municipal to buy it.
The correlation of Pimco California is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco California Mun moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pimco California can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Pimco California position
In addition to having Pimco California in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Pimco Fund
To fully project Pimco California's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Pimco California Mun at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Pimco California's income statement, its balance sheet, and the statement of cash flows.
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