Pimco California Price To Sales vs. One Year Return
Based on the key profitability measurements obtained from Pimco California's financial statements, Pimco California Municipal may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in December. Profitability indicators assess Pimco California's ability to earn profits and add value for shareholders.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Please note, there is a significant difference between Pimco California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pimco California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pimco California'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.
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 Sales 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 top fund in price to sales among similar funds. It also is rated top fund in one year return among similar funds reporting about 0.58 of One Year Return per Price To Sales. The ratio of Price To Sales to One Year Return for Pimco California Municipal is roughly 1.71 . 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 Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Pimco California |
| = | 17.18 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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. PIMCO California Municipal Income Fund was formed on June 29, 2001 and is domiciled in New York. Pimco California operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
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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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Cap ETFs Theme or any other thematic opportunities.
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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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