Pimco Active Bond Etf Market Value
| BOND Etf | USD 89.01 0.41 0.46% |
| Symbol | PIMCO |
The market value of PIMCO Active Bond is measured differently than its book value, which is the value of PIMCO that is recorded on the company's balance sheet. Investors also form their own opinion of PIMCO Active's value that differs from its market value or its book value, called intrinsic value, which is PIMCO Active's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PIMCO Active's market value can be influenced by many factors that don't directly affect PIMCO Active's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PIMCO Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Active's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PIMCO Active 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PIMCO Active's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PIMCO Active.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in PIMCO Active on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding PIMCO Active Bond or generate 0.0% return on investment in PIMCO Active over 360 days. PIMCO Active is related to or competes with Fidelity Corporate, Fidelity Limited, Fidelity High, Fidelity High, and Fidelity MSCI. The fund normally invests at least 80 percent of its assets in a diversified portfolio of Fixed Income Instruments of va... More
PIMCO Active Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PIMCO Active's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PIMCO Active Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.92 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.4766 |
PIMCO Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Active's standard deviation. In reality, there are many statistical measures that can use PIMCO Active historical prices to predict the future PIMCO Active's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PIMCO Active's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PIMCO Active Bond Backtested Returns
PIMCO Active Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0547, which implies the entity had a -0.0547% return per unit of volatility over the last 3 months. PIMCO Active Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIMCO Active's risk adjusted performance of (0.03), and Coefficient Of Variation of (2,737) to confirm the risk estimate we provide. The etf holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIMCO Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO Active is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
PIMCO Active Bond has poor reverse predictability. Overlapping area represents the amount of predictability between PIMCO Active time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 2024. 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 Active Bond price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current PIMCO Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 4.07 |
PIMCO Active Bond lagged returns against current returns
Autocorrelation, which is PIMCO Active etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PIMCO Active's etf expected returns. We can calculate the autocorrelation of PIMCO Active returns to help us make a trade decision. For example, suppose you find that PIMCO Active has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
PIMCO Active regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PIMCO Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Active etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Active Lagged Returns
When evaluating PIMCO Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Active etf have on its future price. PIMCO Active autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PIMCO Active autocorrelation shows the relationship between PIMCO Active etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Active Bond.
Regressed Prices |
| Timeline |
Pair Trading with PIMCO Active
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PIMCO Active position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PIMCO Active will appreciate offsetting losses from the drop in the long position's value.Moving together with PIMCO Etf
| 0.98 | IUSB | iShares Core Total | PairCorr |
| 0.91 | FIXD | First Trust TCW | PairCorr |
| 0.9 | FBND | Fidelity Total Bond | PairCorr |
| 0.9 | TOTL | SPDR DoubleLine Total | PairCorr |
| 0.99 | HTRB | Hartford Total Return | PairCorr |
The ability to find closely correlated positions to PIMCO Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PIMCO Active when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PIMCO Active - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PIMCO Active Bond to buy it.
The correlation of PIMCO Active is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PIMCO Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO Active Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PIMCO Active can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out PIMCO Active Correlation, PIMCO Active Volatility and PIMCO Active Alpha and Beta module to complement your research on PIMCO Active. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
PIMCO Active technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.