Macroaxis considers PIMCO 1 to be not too risky. PIMCO 1 5
maintains Sharpe Ratio (i.e. Efficiency) of -0.0386 which implies PIMCO 1 5
had -0.0386% of return per unit of volatility over the last 2 months. 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 1 5 exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PIMCO 1 5 Risk Adjusted Performance
of 0.13 and Semi Deviation of 0.1035 to confirm risk estimate we provide. The etf holds Beta of 0.0103 which implies as returns on market increase, PIMCO 1 returns are expected to increase less than the market. However during bear market, the loss on holding PIMCO 1 will be expected to be smaller as well.. Even though it is essential to pay attention to PIMCO 1 5 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 1 5 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.63) |
Very good reverse predictability
PIMCO 1 5 Year US TIPS ETF has very good reverse predictability. Overlapping area represents the amount of predictability between PIMCO 1 time series from February 25, 2018 to March 27, 2018 and March 27, 2018 to April 26, 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 1 5 price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current PIMCO 1 price fluctuation can be explain by its past prices. Given that PIMCO 1 5 Year US TIPS ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PIMCO 1 for similar time interval.
|Correlation Coefficient|| -0.63|
|Spearman Rank Test|| -0.43|
|Price Variance|| 0.01|
|Average Price|| 51.84|