Pimco Foreign Bond Fund Market Value
| PFOAX Fund | USD 9.85 0.03 0.30% |
| Symbol | Pimco |
Pimco Foreign '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 Foreign'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 Foreign.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Pimco Foreign on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco Foreign Bond or generate 0.0% return on investment in Pimco Foreign over 720 days. Pimco Foreign is related to or competes with Pimco Rae, Pimco Rae, Pimco Rae, Pimco Rae, Pimco Preferred, Pimco Fundamental, and Pimco Capital. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More
Pimco Foreign 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 Foreign'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 Foreign Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2443 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.02 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.4065 |
Pimco Foreign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Foreign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Foreign's standard deviation. In reality, there are many statistical measures that can use Pimco Foreign historical prices to predict the future Pimco Foreign's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.2127 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Foreign'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 Foreign Bond Backtested Returns
We consider Pimco Foreign very steady. Pimco Foreign Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco Foreign Bond, which you can use to evaluate the volatility of the fund. Please check Pimco Foreign's Coefficient Of Variation of 1058.63, semi deviation of 0.1168, and Risk Adjusted Performance of 0.0401 to confirm if the risk estimate we provide is consistent with the expected return of 0.025%. The fund holds a Beta of 0.0487, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Foreign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Foreign is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Pimco Foreign Bond has virtually no predictability. Overlapping area represents the amount of predictability between Pimco Foreign time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Foreign Bond price movement. The serial correlation of 0.02 indicates that only 2.0% of current Pimco Foreign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Pimco Foreign Bond lagged returns against current returns
Autocorrelation, which is Pimco Foreign 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 Foreign's mutual fund expected returns. We can calculate the autocorrelation of Pimco Foreign returns to help us make a trade decision. For example, suppose you find that Pimco Foreign 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 Foreign 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 Foreign mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Foreign 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 Foreign mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Foreign Lagged Returns
When evaluating Pimco Foreign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Foreign mutual fund have on its future price. Pimco Foreign 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 Foreign autocorrelation shows the relationship between Pimco Foreign mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Foreign Bond.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pimco Foreign in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pimco Foreign's short interest history, or implied volatility extrapolated from Pimco Foreign options trading.
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Check out Pimco Foreign Correlation, Pimco Foreign Volatility and Pimco Foreign Alpha and Beta module to complement your research on Pimco Foreign. Note that the Pimco Foreign Bond information on this page should be used as a complementary analysis to other Pimco Foreign'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Pimco Foreign 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.