Pimco California Municipal Fund Probability of Future Mutual Fund Price Finishing Over 10.61
| PCTTX Fund | USD 10.61 0.03 0.28% |
Pimco |
Pimco California Target Price Odds to finish over 10.61
The tendency of Pimco Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 10.61 | 90 days | 10.61 | about 79.19 |
Based on a normal probability distribution, the odds of Pimco California to move above the current price in 90 days from now is about 79.19 (This Pimco California Municipal probability density function shows the probability of Pimco Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Pimco California has a beta of 0.12 indicating as returns on the market go up, Pimco California average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Pimco California Municipal will be expected to be much smaller as well. Additionally Pimco California Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Pimco California Price Density |
| Price |
Predictive Modules for Pimco California
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pimco California Mun. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco California'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 California Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pimco California is not an exception. The market had few large corrections towards the Pimco California's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Pimco California Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pimco California within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.12 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.32 |
Pimco California Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Pimco California for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pimco California Mun can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Pimco California Mun maintains about 6.54% of its assets in cash |
Pimco California Technical Analysis
Pimco California's future price can be derived by breaking down and analyzing its technical indicators over time. Pimco Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pimco California Municipal. In general, you should focus on analyzing Pimco Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Pimco California Predictive Forecast Models
Pimco California's time-series forecasting models is one of many Pimco California's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Pimco California's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Pimco California Mun
Checking the ongoing alerts about Pimco California for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pimco California Mun help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -1.0% | |
| Pimco California Mun maintains about 6.54% of its assets in cash |
Check out Pimco California Backtesting, Portfolio Optimization, Pimco California Correlation, Pimco California Hype Analysis, Pimco California Volatility, Pimco California History as well as Pimco California Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.