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PIMCO Income Backtesting

P
PONRX -- USA Fund  

USD 12.10  0.01  0.08%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of PIMCO Income Fund Class R and determine expected loss or profit from investing in PIMCO Income over given investment horizon. Please check PIMCO Income Hype Analysis, PIMCO Income Correlation, Portfolio Optimization, PIMCO Income Volatility as well as analyze PIMCO Income Alpha and Beta and PIMCO Income Performance.
SymbolX
Backtest

PIMCO Income 'What if' Analysis

November 26, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
February 24, 2020
0.00
If you would invest  0.00  in PIMCO Income on November 26, 2019 and sell it all today you would earn a total of 0.00 from holding PIMCO Income Fund Class R or generate 0.0% return on investment in PIMCO Income over 90 days. PIMCO Income is related to or competes with PIMCO Income, PIMCO Income, Lord Abbett, Fidelity Advisor, Fidelity Advisor, Angel Oak, and Loomis Sayles. The investment seeks to maximize current income long-term capital appreciation is a secondary objective

PIMCO Income Upside/Downside Indicators

Downside Deviation0.1997
Information Ratio(0.34)
Maximum Drawdown0.7471
Value At Risk(0.17)
Potential Upside0.1671

PIMCO Income Market Premium Indicators

Risk Adjusted Performance0.0457
Jensen Alpha0.0048
Total Risk Alpha(0.001185)
Sortino Ratio(0.19)
Treynor Ratio0.6798

PIMCO Income Fund Backtested Returns

We consider PIMCO Income very steady. PIMCO Income Fund maintains Sharpe Ratio (i.e. Efficiency) of 0.1402 which implies the entity had 0.1402% of return per unit of volatility over the last 3 months. 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 technical indicators for PIMCO Income Fund which you can use to evaluate future volatility of the fund. Please check PIMCO Income Fund Risk Adjusted Performance of 0.0457 and Downside Deviation of 0.1997 to confirm if risk estimate we provide are consistent with the epected return of 0.0156%. The fund holds Beta of 0.0076 which implies as returns on market increase, PIMCO Income returns are expected to increase less than the market. However during bear market, the loss on holding PIMCO Income will be expected to be smaller as well. Although it is extremely important to respect PIMCO Income Fund 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 Income Fund technical indicators you can now evaluate if the expected return of 0.0156% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.57 
correlation synergy

Modest predictability

PIMCO Income Fund Class R has modest predictability. Overlapping area represents the amount of predictability between PIMCO Income time series from November 26, 2019 to January 10, 2020 and January 10, 2020 to February 24, 2020. 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 Income Fund price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current PIMCO Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.8
Residual Average0.0
Price Variance0.0

PIMCO Income Fund lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

PIMCO Income regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

PIMCO Income Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - PONRX

PIMCO Income Fund Investor Sentiment

Most of Macroaxis users are at this time bullish on PIMCO Income Fund Class R. What is your perspective on investing in PIMCO Income Fund Class R? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please check PIMCO Income Hype Analysis, PIMCO Income Correlation, Portfolio Optimization, PIMCO Income Volatility as well as analyze PIMCO Income Alpha and Beta and PIMCO Income Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.