We consider PIMCO Foreign not too risky. PIMCO Foreign Bond
maintains Sharpe Ratio (i.e. Efficiency) of 0.0185 which implies PIMCO Foreign Bond
had 0.0185% of return per unit of volatility over the last 1 month. Our approach towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for PIMCO Foreign Bond which you can use to evaluate future volatility of the fund. Please check PIMCO Foreign Bond Risk Adjusted Performance
of 0.001916 and Semi Deviation of 0.3929 to confirm if risk estimate we provide are consistent with the epected return of 0.0056%. The fund holds Beta of 0.1734 which implies as returns on market increase, PIMCO Foreign returns are expected to increase less than the market. However during bear market, the loss on holding PIMCO Foreign will be expected to be smaller as well.. Although it is extremely important to respect PIMCO Foreign Bond current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The approach towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting PIMCO Foreign Bond technical indicators you can now evaluate if the expected return of 0.0056% will be sustainable into the future.
|15 days auto-correlation||(0.72) |
Almost perfect reverse predictability
PIMCO Foreign Bond A has almost perfect reverse predictability. Overlapping area represents the amount of predictability between PIMCO Foreign time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 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 Foreign Bond price movement. The serial correlation of -0.72 indicates that around 72.0% of current PIMCO Foreign price fluctuation can be explain by its past prices. Given that PIMCO Foreign Bond A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PIMCO Foreign for similar time interval.
|Spearman Rank Test||-0.78|