Pimco Global Incme Fund Five Year Return
| PGI-UN Fund | CAD 7.52 0.09 1.21% |
PIMCO Global Incme fundamentals help investors to digest information that contributes to PIMCO Global's financial success or failures. It also enables traders to predict the movement of PIMCO Fund. The fundamental analysis module provides a way to measure PIMCO Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to PIMCO Global fund.
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PIMCO Global Incme Fund Five Year Return Analysis
PIMCO Global's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
According to the company disclosure, PIMCO Global Incme has a Five Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Five Year Return (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
PIMCO Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PIMCO Global's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of PIMCO Global could also be used in its relative valuation, which is a method of valuing PIMCO Global by comparing valuation metrics of similar companies.PIMCO Global is currently under evaluation in five year return among similar funds.
About PIMCO Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PIMCO Global Incme's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PIMCO Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PIMCO Global Incme based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with PIMCO Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with PIMCO Fund
| 0.72 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.74 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.67 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.66 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to PIMCO Global 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 Global 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 Global - 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 Global Incme to buy it.
The correlation of PIMCO Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO Global Incme 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 Global 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.Other Information on Investing in PIMCO Fund
PIMCO Global 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 Global security.
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