Macroaxis considers PIMCO GIS to be not very risky. PIMCO GIS Diversified
maintains Sharpe Ratio (i.e. Efficiency) of -0.04 which implies PIMCO GIS Diversified
had -0.04% of return per unit of volatility over the last 1 month. Macroaxis approach towards forecasting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. PIMCO GIS Diversified exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PIMCO GIS Diversified to confirm risk estimate we provide. The fund holds Beta of 0.0 which implies the returns on MARKET and PIMCO GIS are completely uncorrelated. Even though it is essential to pay attention to PIMCO GIS Diversified
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis approach towards forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. PIMCO GIS Diversified exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.48) |
Modest reverse predictability
PIMCO GIS Diversified Inc Inst has modest reverse predictability. Overlapping area represents the amount of predictability between PIMCO GIS time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 GIS Diversified price movement. The serial correlation of -0.48 indicates that about 48.0% of current PIMCO GIS price fluctuation can be explain by its past prices. Given that PIMCO GIS Diversified Inc Inst has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PIMCO GIS for similar time interval.
|Correlation Coefficient|| -0.48|
|Spearman Rank Test|| -0.03|
|Price Variance|| 0.01|
|Average Price|| 9.71|