We consider PIMCO Foreign unknown risk. PIMCO Foreign Bond maintains Sharpe Ratio (i.e. Efficiency) of 0.3182 which implies the entity had 0.3182% 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 Foreign Bond which you can use to evaluate future volatility of the fund. Please check PIMCO Foreign Bond Risk Adjusted Performance of
(0.09) to confirm if risk estimate we provide are consistent with the epected return of 0.1074%.
|Horizon||30 Days Login to change|
PIMCO Foreign Market Sensitivity
|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. 2 Months Beta |Analyze PIMCO Foreign Bond Demand TrendCheck current 30 days PIMCO Foreign correlation with market (DOW)|
β = 0.0079
PIMCO Foreign Central Daily Price Deviation
PIMCO Foreign Bond Technical Analysis
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PIMCO Foreign Projected Return Density Against MarketAssuming 30 trading days horizon, PIMCO Foreign has beta of 0.0079 . This implies as returns on market go up, PIMCO Foreign average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PIMCO Foreign Bond A will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. PIMCO Foreign Bond is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of PIMCO Foreign is 314.24. The daily returns are destributed with a variance of 0.11 and standard deviation of 0.34. The mean deviation of PIMCO Foreign Bond A is currently at 0.27. For similar time horizon, the selected benchmark (DOW) has volatility of 1.74
|Alpha over DOW||=||0.03|
|Beta against DOW||=||0.0079|
PIMCO Foreign Return Volatilitythe fund shows 0.3374% volatility of returns over 30 trading days. the entity inherits 1.5467% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.55 and is 4.56 times more volatile than PIMCO Foreign Bond A. 3% of all equities and portfolios are less risky than PIMCO Foreign. Compared to the overall equity markets, volatility of historical daily returns of PIMCO Foreign Bond A is lower than 3 (%) of all global equities and portfolios over the last 30 days. Use PIMCO Foreign Bond A to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of PIMCO Foreign to be traded at $9.39 in 30 days. . 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.
PIMCO Foreign correlation with market