Foreign Bond Fund Market Value
| PFUIX Fund | USD 7.38 0.01 0.14% |
| Symbol | Foreign |
Foreign Bond '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 Foreign Bond'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 Foreign Bond.
| 07/27/2023 |
| 04/22/2024 |
If you would invest 0.00 in Foreign Bond on July 27, 2023 and sell it all today you would earn a total of 0.00 from holding Foreign Bond Fund or generate 0.0% return on investment in Foreign Bond over 270 days. Foreign Bond is related to or competes with Pimco Rae, Pimco Rae, Pimco Rae, Pimco Rae, Pimco Foreign, Pimco Preferred, and Pimco Fundamental. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More
Foreign Bond 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 Foreign Bond'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 Foreign Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.59 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.5298 |
Foreign Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foreign Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foreign Bond's standard deviation. In reality, there are many statistical measures that can use Foreign Bond historical prices to predict the future Foreign Bond's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foreign Bond'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.
Foreign Bond Backtested Returns
Foreign Bond secures Sharpe Ratio (or Efficiency) of -0.0547, which denotes the fund had a -0.0547% return per unit of risk over the last 3 months. Foreign Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foreign Bond's Variance of 0.1129, standard deviation of 0.336, and Mean Deviation of 0.2505 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Foreign Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foreign Bond is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Foreign Bond Fund has virtually no predictability. Overlapping area represents the amount of predictability between Foreign Bond time series from 27th of July 2023 to 9th of December 2023 and 9th of December 2023 to 22nd 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 Foreign Bond price movement. The serial correlation of 0.01 indicates that just 1.0% of current Foreign Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Foreign Bond lagged returns against current returns
Autocorrelation, which is Foreign Bond 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 Foreign Bond's mutual fund expected returns. We can calculate the autocorrelation of Foreign Bond returns to help us make a trade decision. For example, suppose you find that Foreign Bond 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 |
Foreign Bond 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 Foreign Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foreign Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foreign Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Foreign Bond Lagged Returns
When evaluating Foreign Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foreign Bond mutual fund have on its future price. Foreign Bond 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, Foreign Bond autocorrelation shows the relationship between Foreign Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Foreign Bond Fund.
Regressed Prices |
| Timeline |
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Check out Foreign Bond Correlation, Foreign Bond Volatility and Foreign Bond Alpha and Beta module to complement your research on Foreign Bond. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Foreign Bond 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.