|Horizon||30 Days Login to change|
PIMCO Select Market Sensitivity
|As returns on market increase, returns on owning PIMCO Select are expected to decrease at a much smaller rate. During bear market, PIMCO Select is likely to outperform the market.One Month Beta |Analyze PIMCO Select UK Demand TrendCheck current 30 days PIMCO Select correlation with market (DOW)|
β = -0.0039
PIMCO Select UK Technical Analysis
PIMCO Select Projected Return Density Against MarketAssuming 30 trading days horizon, PIMCO Select UK Income Bond Inst Acc has beta of -0.0039 suggesting as returns on benchmark increase, returns on holding PIMCO Select are expected to decrease at a much smaller rate. During bear market, however, PIMCO Select UK Income Bond Inst Acc is likely to outperform the market. Moreover, PIMCO Select UK Income Bond Inst Acc has an alpha of 0.0057 implying that it can potentially generate 0.0057% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
PIMCO Select Return VolatilityPIMCO Select UK Income Bond Inst Acc accepts 0.2287% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.