Pimco Short Term Etf Market Value
| SMMU Etf | USD 50.20 0.04 0.08% |
| Symbol | PIMCO |
The market value of PIMCO Short Term 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 Short's value that differs from its market value or its book value, called intrinsic value, which is PIMCO Short'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 Short's market value can be influenced by many factors that don't directly affect PIMCO Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Short'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 Short '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 Short'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 Short.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PIMCO Short on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Short Term or generate 0.0% return on investment in PIMCO Short over 30 days. PIMCO Short is related to or competes with PIMCO Intermediate, VanEck Short, IShares Short, SPDR Nuveen, and Invesco VRDO. The fund invests at least 80 percent of its assets in a diversified portfolio of debt securities whose interest is, in t... More
PIMCO Short 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 Short'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 Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1659 | |||
| Information Ratio | (1.01) | |||
| Maximum Drawdown | 0.6995 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.1795 |
PIMCO Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Short's standard deviation. In reality, there are many statistical measures that can use PIMCO Short historical prices to predict the future PIMCO Short's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.78) | |||
| Treynor Ratio | 0.0374 |
PIMCO Short Term Backtested Returns
Currently, PIMCO Short Term is very steady. PIMCO Short Term maintains Sharpe Ratio (i.e., Efficiency) of 0.0585, which implies the entity had a 0.0585% return per unit of volatility over the last 3 months. We have found thirty technical indicators for PIMCO Short Term, which you can use to evaluate the volatility of the etf. Please check PIMCO Short's semi deviation of 0.0991, and Risk Adjusted Performance of 0.0014 to confirm if the risk estimate we provide is consistent with the expected return of 0.0076%. The etf holds a Beta of -0.0386, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIMCO Short are expected to decrease at a much lower rate. During the bear market, PIMCO Short is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
PIMCO Short Term has below average predictability. Overlapping area represents the amount of predictability between PIMCO Short time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Short Term price movement. The serial correlation of 0.38 indicates that just about 38.0% of current PIMCO Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PIMCO Short Term lagged returns against current returns
Autocorrelation, which is PIMCO Short 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 Short's etf expected returns. We can calculate the autocorrelation of PIMCO Short returns to help us make a trade decision. For example, suppose you find that PIMCO Short 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 Short 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 Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Short etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Short Lagged Returns
When evaluating PIMCO Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Short etf have on its future price. PIMCO Short 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 Short autocorrelation shows the relationship between PIMCO Short etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Short Term.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out PIMCO Short Correlation, PIMCO Short Volatility and PIMCO Short Alpha and Beta module to complement your research on PIMCO Short. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
PIMCO Short technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.