|Horizon||30 Days Login to change|
PIMCO Foreign Market Sensitivity
|As returns on market increase, returns on owning PIMCO Foreign are expected to decrease at a much smaller rate. During bear market, PIMCO Foreign is likely to outperform the market.One Month Beta |Analyze PIMCO Foreign Bond Demand TrendCheck current 30 days PIMCO Foreign correlation with market (DOW)|
β = -0.1427
PIMCO Foreign Bond Technical Analysis
PIMCO Foreign Projected Return Density Against MarketAssuming 30 trading days horizon, PIMCO Foreign Bond I has beta of -0.1427 . This implies as returns on benchmark increase, returns on holding PIMCO Foreign are expected to decrease at a much smaller rate. During bear market, however, PIMCO Foreign Bond I is likely to outperform the market. Moreover, PIMCO Foreign Bond I has an alpha of 0.0118 implying that it can potentially generate 0.0118% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
PIMCO Foreign Return VolatilityPIMCO Foreign Bond I shows 0.3034% volatility of returns over 30 trading days. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.