We consider PIMCO GIS unknown risk. PIMCO GIS Income maintains Sharpe Ratio (i.e. Efficiency) of 0.1504 which implies the entity had 0.1504% of return per unit of volatility over the last 2 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-one technical indicators for PIMCO GIS Income which you can use to evaluate future volatility of the fund. Please check PIMCO GIS Income to confirm if risk estimate we provide are consistent with the epected return of 0.0232%.
|Horizon||30 Days Login to change|
PIMCO GIS Income Technical Analysis
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PIMCO GIS Projected Return Density Against MarketAssuming 30 trading days horizon, PIMCO GIS has beta of 0.0 . This indicates the returns on DOW and PIMCO GIS do not appear to be sensitive. Furthermore, It does not look like the company alpha can have any bearing on the equity current valuation.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of PIMCO GIS is 664.74. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.15. The mean deviation of PIMCO GIS Income Adm Inc USD is currently at 0.09. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
PIMCO GIS Return Volatilitythe fund accepts 0.1541% volatility on return distribution over the 30 days horizon. the entity inherits 1.9958% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.0 and is 13.33 times more volatile than PIMCO GIS Income Adm Inc USD. 1% of all equities and portfolios are less risky than PIMCO GIS. Compared to the overall equity markets, volatility of historical daily returns of PIMCO GIS Income Adm Inc USD is lower than 1 (%) of all global equities and portfolios over the last 30 days.