Macroaxis considers PIMCO GIS to be not too risky. PIMCO GIS US
maintains Sharpe Ratio (i.e. Efficiency) of -0.6706 which implies PIMCO GIS US
had -0.6706% 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 US 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 US Risk Adjusted Performance
of 0.1454 to confirm risk estimate we provide. The fund holds Beta of -0.0975 which implies as returns on market increase, returns on owning PIMCO GIS are expected to decrease at a much smaller rate. During bear market, PIMCO GIS is likely to outperform the market.. Even though it is essential to pay attention to PIMCO GIS US
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 US exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
PIMCO GIS US Short Term Inst EUR H Acc has no correlation between past and present. Overlapping area represents the amount of predictability between PIMCO GIS time series from June 23, 2018 to July 8, 2018 and July 8, 2018 to July 23, 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 US price movement. The serial correlation of 0.0 indicates that just 0.0% of current PIMCO GIS price fluctuation can be explain by its past prices.
|Average Price|| 10.21|
|Lagged Average Price|| 10.21|