PIMCO RAFI Dyn Backtested Returns
Macroaxis considers PIMCO RAFI to be not too risky. PIMCO RAFI Dyn
maintains Sharpe Ratio (i.e. Efficiency) of -0.0227 which implies PIMCO RAFI Dyn
had -0.0227% of return per unit of volatility over the last 1 month. Macroaxis approach towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. PIMCO RAFI Dyn exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PIMCO RAFI Dyn Risk Adjusted Performance
of 0.11 to confirm risk estimate we provide. The etf holds Beta of -0.1356 which implies as returns on market increase, returns on owning PIMCO RAFI are expected to decrease at a much smaller rate. During bear market, PIMCO RAFI is likely to outperform the market.. Even though it is essential to pay attention to PIMCO RAFI Dyn current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis approach towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. PIMCO RAFI Dyn exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.01 |
Virtually no predictability
PIMCO RAFI Dyn Mlt Fctr Emrg Mkts Eq ETF has virtually no predictability. Overlapping area represents the amount of predictability between PIMCO RAFI time series from February 17, 2018 to March 4, 2018 and March 4, 2018 to March 19, 2018. 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 RAFI Dyn price movement. The serial correlation of 0.01 indicates that just 1.0% of current PIMCO RAFI price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.01|
|Spearman Rank Test|| -0.85|
|Price Variance|| 0.05|
|Lagged Price Variance|| 0.09|
PIMCO RAFI Lagged Returns