Pimco High Income Fund Market Value
| PHK Fund | USD 4.81 0.01 0.21% |
| Symbol | Pimco |
Pimco High '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 High'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 High.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Pimco High on May 5, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco High Income or generate 0.0% return on investment in Pimco High over 30 days. Pimco High is related to or competes with Blackrock Muniyield, Ep Emerging, SEI Investments, Goosehead Insurance, Kodiak Sciences, Us Government, and Coca Cola. PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund ... More
Pimco High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.65 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.26 |
Pimco High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco High's standard deviation. In reality, there are many statistical measures that can use Pimco High historical prices to predict the future Pimco High's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | 0.0108 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco High'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 High Income Backtested Returns
Pimco High Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0045, which implies the entity had a -0.0045% return per unit of risk over the last 3 months. Pimco High Income exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco High's Coefficient Of Variation of 3117.99, semi deviation of 0.8038, and Risk Adjusted Performance of 0.0221 to confirm the risk estimate we provide. The fund holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco High is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
Pimco High Income has weak reverse predictability. Overlapping area represents the amount of predictability between Pimco High time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 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 High Income price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Pimco High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco High Income lagged returns against current returns
Autocorrelation, which is Pimco High 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 High's fund expected returns. We can calculate the autocorrelation of Pimco High returns to help us make a trade decision. For example, suppo