Pimco Emerging Local Fund Market Value
| PELAX Fund | USD 5.73 0.02 0.35% |
| Symbol | Pimco |
Pimco Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pimco Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pimco Emerging.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Pimco Emerging on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco Emerging Local or generate 0.0% return on investment in Pimco Emerging over 720 days. Pimco Emerging is related to or competes with Pimco Emerging, and Eaton Vance. The fund invests at least 80 percent of its assets in currencies of, or Fixed Income Instruments denominated in the curr... More
Pimco Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pimco Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pimco Emerging Local upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.08 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.5128 |
Pimco Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Emerging's standard deviation. In reality, there are many statistical measures that can use Pimco Emerging historical prices to predict the future Pimco Emerging's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Emerging'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 Emerging Local Backtested Returns
Pimco Emerging Local maintains Sharpe Ratio (i.e., Efficiency) of -0.047, which implies the entity had a -0.047% return per unit of risk over the last 3 months. Pimco Emerging Local exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Emerging's Coefficient Of Variation of (2,218), risk adjusted performance of (0.03), and Variance of 0.1531 to confirm the risk estimate we provide. The fund holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Emerging is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Pimco Emerging Local has good predictability. Overlapping area represents the amount of predictability between Pimco Emerging time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 2024. 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 Emerging Local price movement. The serial correlation of 0.78 indicates that around 78.0% of current Pimco Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pimco Emerging Local lagged returns against current returns
Autocorrelation, which is Pimco Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pimco Emerging's mutual fund expected returns. We can calculate the autocorrelation of Pimco Emerging returns to help us make a trade decision. For example, suppose you find that Pimco Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pimco Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pimco Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Emerging mutual fund over time.
Current vs Lagged Prices |
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Pimco Emerging Lagged Returns
When evaluating Pimco Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Emerging mutual fund have on its future price. Pimco Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pimco Emerging autocorrelation shows the relationship between Pimco Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Emerging Local.
Regressed Prices |
| Timeline |
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Check out Pimco Emerging Correlation, Pimco Emerging Volatility and Pimco Emerging Alpha and Beta module to complement your research on Pimco Emerging. Note that the Pimco Emerging Local information on this page should be used as a complementary analysis to other Pimco Emerging's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Pimco Emerging technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.