Pimco International Stocksplus Fund Market Value
| PIPAX Fund | USD 7.86 0.06 0.76% |
| Symbol | Pimco |
Pimco International '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 International'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 International.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Pimco International on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco International Stocksplus or generate 0.0% return on investment in Pimco International over 720 days. Pimco International is related to or competes with Pimco Rae, Pimco Rae, Pimco Rae, Pimco Rae, Pimco Foreign, Pimco Preferred, and Pimco Fundamental. The fund seeks to exceed the total return of the Morgan Stanley Capital International Europe, Australasia and Far East I... More
Pimco International 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 International'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 International Stocksplus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6176 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.73 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.9103 |
Pimco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco International's standard deviation. In reality, there are many statistical measures that can use Pimco International historical prices to predict the future Pimco International's volatility.| Risk Adjusted Performance | 0.0681 | |||
| Jensen Alpha | 0.0196 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1552 |
Pimco International Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco International maintains Sharpe Ratio (i.e., Efficiency) of 0.0791, which implies the entity had a 0.0791% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco International, which you can use to evaluate the volatility of the fund. Please check Pimco International's Coefficient Of Variation of 1028.39, risk adjusted performance of 0.0681, and Semi Deviation of 0.5232 to confirm if the risk estimate we provide is consistent with the expected return of 0.046%. The fund holds a Beta of 0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pimco International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco International is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Pimco International Stocksplus has good predictability. Overlapping area represents the amount of predictability between Pimco International time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 International price movement. The serial correlation of 0.69 indicates that around 69.0% of current Pimco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Pimco International lagged returns against current returns
Autocorrelation, which is Pimco International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Pimco International returns to help us make a trade decision. For example, suppose you find that Pimco International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco International Lagged Returns
When evaluating Pimco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco International mutual fund have on its future price. Pimco International 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 International autocorrelation shows the relationship between Pimco International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco International Stocksplus.
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 International 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 International security.
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