Pimco New York Fund Market Value

PNF Fund  USD 7.53  0.03  0.40%   
Pimco New's market value is the price at which a share of Pimco New trades on a public exchange. It measures the collective expectations of Pimco New York investors about its performance. Pimco New is trading at 7.53 as of the 15th of March 2025. This is a 0.4 percent decrease since the beginning of the trading day. The fund's lowest day price was 7.51.
With this module, you can estimate the performance of a buy and hold strategy of Pimco New York and determine expected loss or profit from investing in Pimco New over a given investment horizon. Check out Pimco New Correlation, Pimco New Volatility and Pimco New Alpha and Beta module to complement your research on Pimco New.
Symbol

Please note, there is a significant difference between Pimco New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pimco New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pimco New'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 New '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 New'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 Pimco New.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
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If you would invest  0.00  in Pimco New on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco New York or generate 0.0% return on investment in Pimco New over 90 days. Pimco New is related to or competes with Invesco Pennsylvania, Blackrock Muniholdings, Eaton Vance, Nuveen New, Nuveen Amt, Eaton Vance, and Nuveen Municipalome. PIMCO New York Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global I... More

Pimco New 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 New'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 Pimco New York upside and downside potential and time the market with a certain degree of confidence.

Pimco New Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco New's standard deviation. In reality, there are many statistical measures that can use Pimco New historical prices to predict the future Pimco New's volatility.
Hype
Prediction
LowEstimatedHigh
6.897.538.17
Details
Intrinsic
Valuation
LowRealHigh
6.817.458.09
Details

Pimco New York Backtested Returns

Pimco New York maintains Sharpe Ratio (i.e., Efficiency) of -0.0372, which implies the entity had a -0.0372 % return per unit of risk over the last 3 months. Pimco New York exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco New's Risk Adjusted Performance of (0.06), coefficient of variation of (1,537), and Variance of 0.409 to confirm the risk estimate we provide. The fund holds a Beta of -0.0509, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco New are expected to decrease at a much lower rate. During the bear market, Pimco New is likely to outperform the market.

Auto-correlation

    
  -0.55  

Good reverse predictability

Pimco New York has good reverse predictability. Overlapping area represents the amount of predictability between Pimco New 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 New York price movement. The serial correlation of -0.55 indicates that about 55.0% of current Pimco New price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.05
Residual Average0.0
Price Variance0.01

Pimco New York lagged returns against current returns

Autocorrelation, which is Pimco New 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 New's fund expected returns. We can calculate the autocorrelation of Pimco New returns to help us make a trade decision. For example, suppose you find that Pimco New 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  

Pimco New 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 New fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco New fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco New fund over time.
   Current vs Lagged Prices   
       Timeline  

Pimco New Lagged Returns

When evaluating Pimco New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco New fund have on its future price. Pimco New 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 New autocorrelation shows the relationship between Pimco New fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco New York.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Pimco Fund

Pimco New financial ratios help investors to determine whether Pimco 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 New security.
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