Pimco Mortgage Backed Securities Etf Market Value
| PMBS Etf | USD 48.84 0.04 0.08% |
| Symbol | PIMCO |
The market value of PIMCO Mortgage Backed is measured differently than its book value, which is the value of PIMCO that is recorded on the company's balance sheet. Investors also form their own opinion of PIMCO Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PIMCO Mortgage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PIMCO Mortgage's market value can be influenced by many factors that don't directly affect PIMCO Mortgage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PIMCO Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Mortgage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PIMCO Mortgage '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 Mortgage's etf 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 Mortgage.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in PIMCO Mortgage on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding PIMCO Mortgage Backed Securities or generate 0.0% return on investment in PIMCO Mortgage over 720 days. PIMCO Mortgage is related to or competes with Ocean Park, Humana, Global X, Tema ETF, and Harbor ETF. PuraMed BioScience, Inc. focuses on developing and marketing non-prescription medicinal and healthcare products in the U... More
PIMCO Mortgage 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 Mortgage's etf 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 Mortgage Backed Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4377 |
PIMCO Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Mortgage's standard deviation. In reality, there are many statistical measures that can use PIMCO Mortgage historical prices to predict the future PIMCO Mortgage's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 3.09 |
PIMCO Mortgage Backed Backtested Returns
PIMCO Mortgage Backed maintains Sharpe Ratio (i.e., Efficiency) of -0.0842, which implies the entity had a -0.0842% return per unit of volatility over the last 3 months. PIMCO Mortgage Backed exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIMCO Mortgage's coefficient of variation of (1,176), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The etf holds a Beta of -0.0126, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIMCO Mortgage are expected to decrease at a much lower rate. During the bear market, PIMCO Mortgage is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
PIMCO Mortgage Backed Securities has no correlation between past and present. Overlapping area represents the amount of predictability between PIMCO Mortgage time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Mortgage Backed price movement. The serial correlation of 0.0 indicates that just 0.0% of current PIMCO Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PIMCO Mortgage Backed lagged returns against current returns
Autocorrelation, which is PIMCO Mortgage etf'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 Mortgage's etf expected returns. We can calculate the autocorrelation of PIMCO Mortgage returns to help us make a trade decision. For example, suppose you find that PIMCO Mortgage has exhibited high autocorrelation historically, and you observe that the etf 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 Mortgage 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 Mortgage etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Mortgage etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Mortgage etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Mortgage Lagged Returns
When evaluating PIMCO Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Mortgage etf have on its future price. PIMCO Mortgage 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 Mortgage autocorrelation shows the relationship between PIMCO Mortgage etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Mortgage Backed Securities.
Regressed Prices |
| Timeline |
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Other Information on Investing in PIMCO Etf
PIMCO Mortgage financial ratios help investors to determine whether PIMCO Etf 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 Mortgage security.