Pimco Trends Managed Fund Market Value
| PQTCX Fund | USD 10.31 0.14 1.38% |
| Symbol | Pimco |
Pimco Trends '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 Trends' 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 Trends.
| 10/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in Pimco Trends on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Trends Managed or generate 0.0% return on investment in Pimco Trends over 60 days. Pimco Trends is related to or competes with Asg Managed, Asg Managed, Aqr Managed, IMGP DBi, and Aa Pimco. The fund seeks to achieve its investment objective by pursuing a quantitative trading strategy intended to capture the p... More
Pimco Trends 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 Trends' 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 Trends Managed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.996 |
Pimco Trends Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Trends' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Trends' standard deviation. In reality, there are many statistical measures that can use Pimco Trends historical prices to predict the future Pimco Trends' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.1247 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Trends' 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.
Pimco Trends Managed Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco Trends Managed maintains Sharpe Ratio (i.e., Efficiency) of 0.008, which implies the entity had a 0.008% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Pimco Trends Managed, which you can use to evaluate the volatility of the fund. Please check Pimco Trends' Coefficient Of Variation of (68,356), variance of 0.406, and insignificant Risk Adjusted Performance to confirm if the risk estimate we provide is consistent with the expected return of 0.0051%. The fund holds a Beta of -0.0877, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco Trends are expected to decrease at a much lower rate. During the bear market, Pimco Trends is likely to outperform the market.
Auto-correlation | 0.56 |
Modest predictability
Pimco Trends Managed has modest predictability. Overlapping area represents the amount of predictability between Pimco Trends time series from 21st of October 2024 to 20th of November 2024 and 20th of November 2024 to 20th 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 Trends Managed price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Pimco Trends price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pimco Trends Managed lagged returns against current returns
Autocorrelation, which is Pimco Trends 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 Trends' mutual fund expected returns. We can calculate the autocorrelation of Pimco Trends returns to help us make a trade decision. For example, suppose you find that Pimco Trends 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 Trends 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 Trends mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Trends 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 Trends mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Trends Lagged Returns
When evaluating Pimco Trends' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Trends mutual fund have on its future price. Pimco Trends 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 Trends autocorrelation shows the relationship between Pimco Trends mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Trends Managed.
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 Trends 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 Trends security.
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