Pimco Canadian Core Fund Alpha and Beta Analysis
| CORE Fund | 20.36 0.08 0.39% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as PIMCO Canadian Core. It also helps investors analyze the systematic and unsystematic risks associated with investing in PIMCO Canadian over a specified time horizon. Remember, high PIMCO Canadian's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to PIMCO Canadian's market risk premium analysis include:
Beta (0.03) | Alpha 0.00986 | Risk 0.36 | Sharpe Ratio 0.0229 | Expected Return 0.0083 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
PIMCO |
PIMCO Canadian Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. PIMCO Canadian market risk premium is the additional return an investor will receive from holding PIMCO Canadian long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in PIMCO Canadian. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate PIMCO Canadian's performance over market.| α | 0.01 | β | -0.03 |
PIMCO Canadian Return and Market Media
The median price of PIMCO Canadian for the period between Fri, Sep 13, 2024 and Thu, Dec 12, 2024 is 20.15 with a coefficient of variation of 0.85. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 20.17, and mean deviation of 0.15. The Fund received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | EQT closes maiden core fund below target on 2.9bn - Infrastructure Investor | 09/24/2024 |
2 | CORE nonprofit funding process discussed at Santa Cruz City Council meeting - Santa Cruz Sentinel | 09/26/2024 |
3 | Nuveens Asia core fund buys first Korean office - PERE | 10/28/2024 |
4 | News MNK Global Core takes its first steps in the UK - CoStar Group | 11/19/2024 |
5 | UNDP welcomes Republic of Koreas 70 percent increase in core funding - UNDP | 12/03/2024 |
6 | Amundi Climate Transition Core Bond Fund Q3 2024 Performance And Market Commentary - Seeking Alpha | 12/10/2024 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PIMCO Canadian in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PIMCO Canadian's short interest history, or implied volatility extrapolated from PIMCO Canadian options trading.
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