Pimco Strategic Income Fund Market Value
| RCS Fund | USD 7.84 0.06 0.77% |
| Symbol | Pimco |
Pimco Strategic '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 Strategic'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 Strategic.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Pimco Strategic on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Strategic Income or generate 0.0% return on investment in Pimco Strategic over 180 days. Pimco Strategic is related to or competes with Pcm Fund, Pimco Income, Pimco Global, Pimco Corporate, and Pimco Income. PIMCO Strategic Global Government Fund, Inc More
Pimco Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 2.21 |
Pimco Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Strategic's standard deviation. In reality, there are many statistical measures that can use Pimco Strategic historical prices to predict the future Pimco Strategic's volatility.| Risk Adjusted Performance | 0.1669 | |||
| Jensen Alpha | 0.1952 | |||
| Total Risk Alpha | 0.0434 | |||
| Sortino Ratio | 0.0941 | |||
| Treynor Ratio | 0.7967 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Strategic's 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 Strategic Income Backtested Returns
Pimco Strategic appears to be not too volatile, given 3 months investment horizon. Pimco Strategic Income maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pimco Strategic Income, which you can use to evaluate the volatility of the fund. Please evaluate Pimco Strategic's Risk Adjusted Performance of 0.1669, coefficient of variation of 466.98, and Semi Deviation of 0.8374 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Strategic is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Pimco Strategic Income has good predictability. Overlapping area represents the amount of predictability between Pimco Strategic time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Strategic Income price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Pimco Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Pimco Strategic Income lagged returns against current returns
Autocorrelation, which is Pimco Strategic 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 Strategic's fund expected returns. We can calculate the autocorrelation of Pimco Strategic returns to help us make a trade decision. For example, suppose you find that Pimco Strategic 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 Strategic 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 Strategic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Strategic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Strategic fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Strategic Lagged Returns
When evaluating Pimco Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Strategic fund have on its future price. Pimco Strategic 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 Strategic autocorrelation shows the relationship between Pimco Strategic fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Strategic Income.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Pimco Fund
Pimco Strategic 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 Strategic security.
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