Pimco Modityrealreturn Strategy Fund Market Value
| PCRPX Fund | USD 13.12 0.02 0.15% |
| Symbol | Pimco |
Pimco Modityrealreturn '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 Modityrealreturn'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 Modityrealreturn.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Pimco Modityrealreturn on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Modityrealreturn Strategy or generate 0.0% return on investment in Pimco Modityrealreturn over 30 days. Pimco Modityrealreturn is related to or competes with Tax-managed, Omni Small-cap, Rational Dividend, Qs Us, and Victory Rs. The fund seeks to achieve its investment objective by investing under normal circumstances in commodity-linked derivativ... More
Pimco Modityrealreturn 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 Modityrealreturn'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 Modityrealreturn Strategy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.14 |
Pimco Modityrealreturn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Modityrealreturn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Modityrealreturn's standard deviation. In reality, there are many statistical measures that can use Pimco Modityrealreturn historical prices to predict the future Pimco Modityrealreturn's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.93) |
Pimco Modityrealreturn Backtested Returns
Pimco Modityrealreturn maintains Sharpe Ratio (i.e., Efficiency) of -0.0375, which implies the entity had a -0.0375% return per unit of risk over the last 3 months. Pimco Modityrealreturn exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Modityrealreturn's Coefficient Of Variation of (1,490), risk adjusted performance of (0.05), and Variance of 0.6104 to confirm the risk estimate we provide. The fund holds a Beta of 0.0673, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Modityrealreturn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Modityrealreturn is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Pimco Modityrealreturn Strategy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pimco Modityrealreturn time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Modityrealreturn price movement. The serial correlation of -0.75 indicates that around 75.0% of current Pimco Modityrealreturn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pimco Modityrealreturn lagged returns against current returns
Autocorrelation, which is Pimco Modityrealreturn 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 Modityrealreturn's mutual fund expected returns. We can calculate the autocorrelation of Pimco Modityrealreturn returns to help us make a trade decision. For example, suppose you find that Pimco Modityrealreturn 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 Modityrealreturn 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 Modityrealreturn mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Modityrealreturn 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 Modityrealreturn mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Modityrealreturn Lagged Returns
When evaluating Pimco Modityrealreturn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Modityrealreturn mutual fund have on its future price. Pimco Modityrealreturn 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 Modityrealreturn autocorrelation shows the relationship between Pimco Modityrealreturn mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Modityrealreturn Strategy.
Regressed Prices |
| Timeline |
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Other Information on Investing in Pimco Mutual Fund
Pimco Modityrealreturn 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 Modityrealreturn security.
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