Pimco New York Fund Market Value
| PNF Fund | USD 8.29 0.01 0.12% |
| Symbol | PIMCO |
Pimco New '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 New'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 New.
| 08/29/2024 |
| 09/28/2024 |
If you would invest 0.00 in Pimco New on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco New York or generate 0.0% return on investment in Pimco New over 30 days. Pimco New is related to or competes with Calamos Strategic, Eaton Vance, Eaton Vance, Eaton Vance, Nuveen California, Eaton Vance, and Eaton Vance. PIMCO New York Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global I... More
Pimco New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4994 | |||
| Information Ratio | 0.0023 | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.8516 |
Pimco New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco New's standard deviation. In reality, there are many statistical measures that can use Pimco New historical prices to predict the future Pimco New's volatility.| Risk Adjusted Performance | 0.2002 | |||
| Jensen Alpha | 0.1001 | |||
| Total Risk Alpha | 0.0465 | |||
| Sortino Ratio | 0.0022 | |||
| Treynor Ratio | 0.982 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco New'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 New York Backtested Returns
At this point, Pimco New is very steady. Pimco New York maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pimco New York, which you can use to evaluate the volatility of the fund. Please check Pimco New's Risk Adjusted Performance of 0.2002, coefficient of variation of 388.47, and Semi Deviation of 0.1773 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco New is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Pimco New York has good predictability. Overlapping area represents the amount of predictability between Pimco New time series from 29th of August 2024 to 13th of September 2024 and 13th of September 2024 to 28th of September 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 New York price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Pimco New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pimco New York lagged returns against current returns
Autocorrelation, which is Pimco New 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 New's fund expected returns. We can calculate the autocorrelation of Pimco New returns to help us make a trade decision. For example, suppose you find that Pimco New 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 New 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 New fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco New fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco New fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco New Lagged Returns
When evaluating Pimco New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco New fund have on its future price. Pimco New 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 New autocorrelation shows the relationship between Pimco New fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco New York.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| S | SentinelOne | |
| MSFT | Microsoft | |
| MSFT | Microsoft | |
| WD | Walker Dunlop | |
| CRM | Salesforce |
Other Information on Investing in PIMCO Fund
Pimco New 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 New security.
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