Pcm Fund Market Value
| PCM Fund | USD 8.02 0.02 0.25% |
| Symbol | Pcm |
Pcm Fund '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 Pcm Fund's 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 Pcm Fund.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pcm Fund on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pcm Fund or generate 0.0% return on investment in Pcm Fund over 90 days. Pcm Fund is related to or competes with Pimco High, Pimco Income, Pimco Corporate, PIMCO Access, Pimco Income, Pimco Global, and Pimco Corporate. PCM Fund Inc. is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Managemen... More
Pcm Fund 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 Pcm Fund's 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 Pcm Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5883 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.8739 |
Pcm Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pcm Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pcm Fund's standard deviation. In reality, there are many statistical measures that can use Pcm Fund historical prices to predict the future Pcm Fund's volatility.| Risk Adjusted Performance | 0.1539 | |||
| Jensen Alpha | 0.0962 | |||
| Total Risk Alpha | 0.019 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (18.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pcm Fund'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.
Pcm Fund Backtested Returns
As of now, Pcm Fund is very steady. Pcm Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pcm Fund, which you can use to evaluate the volatility of the fund. Please check Pcm Fund's Coefficient Of Variation of 482.11, semi deviation of 0.4049, and Risk Adjusted Performance of 0.1539 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of -0.0051, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pcm Fund are expected to decrease at a much lower rate. During the bear market, Pcm Fund is likely to outperform the market.
Auto-correlation | 0.03 |
Virtually no predictability
Pcm Fund has virtually no predictability. Overlapping area represents the amount of predictability between Pcm Fund time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Pcm Fund price movement. The serial correlation of 0.03 indicates that only 3.0% of current Pcm Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pcm Fund lagged returns against current returns
Autocorrelation, which is Pcm Fund 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 Pcm Fund's fund expected returns. We can calculate the autocorrelation of Pcm Fund returns to help us make a trade decision. For example, suppose you find that Pcm Fund has exhibited high autocorrelation historically, and you observe that the 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 |
Pcm Fund 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 Pcm Fund fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pcm Fund fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pcm Fund fund over time.
Current vs Lagged Prices |
| Timeline |
Pcm Fund Lagged Returns
When evaluating Pcm Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pcm Fund fund have on its future price. Pcm Fund 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, Pcm Fund autocorrelation shows the relationship between Pcm Fund fund current value and its past values and can show if there is a momentum factor associated with investing in Pcm Fund.
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 Pcm Fund
Pcm Fund financial ratios help investors to determine whether Pcm 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 Pcm with respect to the benefits of owning Pcm Fund security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |