Macroaxis considers PIMCO Equitiy to be very steady. PIMCO Equitiy Series
maintains Sharpe Ratio (i.e. Efficiency) of -0.0723 which implies the entity had -0.0723% of return per unit of volatility over the last 3 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 Equitiy Series exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PIMCO Equitiy Series Risk Adjusted Performance
of (0.048613) to confirm risk estimate we provide. The etf holds Beta of 0.1036 which implies as returns on market increase, PIMCO Equitiy returns are expected to increase less than the market. However during bear market, the loss on holding PIMCO Equitiy will be expected to be smaller as well. Even though it is essential to pay attention to PIMCO Equitiy Series 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 Equitiy Series exposes twenty-one different technical indicators which can help you to evaluate its performance.
Almost perfect reverse predictability
PIMCO Equitiy Series PIMCO RAFI has almost perfect reverse predictability. Overlapping area represents the amount of predictability between PIMCO Equitiy time series from June 22, 2019 to August 6, 2019 and August 6, 2019 to September 20, 2019. 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 Equitiy Series price movement. The serial correlation of -0.75 indicates that around 75.0% of current PIMCO Equitiy price fluctuation can be explain by its past prices. Given that PIMCO Equitiy Series PIMCO RAFI has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PIMCO Equitiy for similar time interval.