Pimco Credit Absolute Fund Market Value
| PCARX Fund | USD 9.78 0.02 0.20% |
| Symbol | Pimco |
Pimco Credit '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 Credit's mutual 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 Credit.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Pimco Credit on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco Credit Absolute or generate 0.0% return on investment in Pimco Credit over 720 days. Pimco Credit is related to or competes with Columbia Real, Prudential Real, Fidelity Real, Jhancock Real, Dunham Real, Vanguard Reit, and Great-west Real. The fund invests at least 80 percent of its assets in a diversified portfolio of Fixed Income Instruments of varying mat... More
Pimco Credit 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 Credit's mutual 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 Credit Absolute upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1488 | |||
| Information Ratio | (1.03) | |||
| Maximum Drawdown | 0.6173 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2066 |
Pimco Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Credit's standard deviation. In reality, there are many statistical measures that can use Pimco Credit historical prices to predict the future Pimco Credit's volatility.| Risk Adjusted Performance | 0.141 | |||
| Jensen Alpha | 0.0119 | |||
| Total Risk Alpha | 5.0E-4 | |||
| Sortino Ratio | (0.74) | |||
| Treynor Ratio | 0.3693 |
Pimco Credit Absolute Backtested Returns
At this stage we consider Pimco Mutual Fund to be out of control. Pimco Credit Absolute maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Pimco Credit Absolute, which you can use to evaluate the volatility of the fund. Please check Pimco Credit's Risk Adjusted Performance of 0.141, downside deviation of 0.1488, and Standard Deviation of 0.1062 to confirm if the risk estimate we provide is consistent with the expected return of 0.0291%. The fund holds a Beta of 0.0493, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Credit is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Pimco Credit Absolute has good predictability. Overlapping area represents the amount of predictability between Pimco Credit time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Credit Absolute price movement. The serial correlation of 0.72 indicates that around 72.0% of current Pimco Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pimco Credit Absolute lagged returns against current returns
Autocorrelation, which is Pimco Credit mutual 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 Credit's mutual fund expected returns. We can calculate the autocorrelation of Pimco Credit returns to help us make a trade decision. For example, suppose you find that Pimco Credit has exhibited high autocorrelation historically, and you observe that the mutual 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 Credit 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 Credit mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Credit mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Credit mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Credit Lagged Returns
When evaluating Pimco Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Credit mutual fund have on its future price. Pimco Credit 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 Credit autocorrelation shows the relationship between Pimco Credit mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Credit Absolute.
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 Mutual Fund
Pimco Credit financial ratios help investors to determine whether Pimco Mutual 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 Credit security.
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