Pimco California Municipal Fund Market Value
| PCK Fund | USD 5.75 0.05 0.86% |
| 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 otc 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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Pimco California on December 15, 2024 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 90 days. Pimco California is related to or competes with Pimco California, Nuveen California, Eaton Vance, Invesco California, Pimco California, Pimco Municipal, and MFS Charter. PIMCO California Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Glo... 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 otc 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 | 0.1351 | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.24 |
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 | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0736 | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco California's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pimco California Mun Backtested Returns
Pimco California Mun maintains Sharpe Ratio (i.e., Efficiency) of -0.0127, which implies the entity had a -0.0127 % return per unit of risk over the last 3 months. Pimco California Mun exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco California's Coefficient Of Variation of (1,964), risk adjusted performance of (0.04), and Variance of 0.5053 to confirm the risk estimate we provide. The fund holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco California is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
Pimco California Municipal has very good reverse predictability. Overlapping area represents the amount of predictability between Pimco California time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 -0.61 indicates that roughly 61.0% of current Pimco California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pimco California Mun lagged returns against current returns
Autocorrelation, which is Pimco California otc 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 otc 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 otc 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 otc fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco California otc 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 otc 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 otc 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 otc 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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Pimco OTC Fund
Pimco California financial ratios help investors to determine whether Pimco OTC 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.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |