Pimco Global Stocksplus Fund Market Value
| PGP Fund | USD 7.52 0.10 1.35% |
| Symbol | Pimco |
Pimco Global '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 Global's fund 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 Global.
| 03/03/2024 |
| 06/01/2024 |
If you would invest 0.00 in Pimco Global on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Global Stocksplus or generate 0.0% return on investment in Pimco Global over 90 days. Pimco Global is related to or competes with Pimco Income, Pimco Corporate, Pimco Corporate, Pimco Income, Blackrock Enhanced, Pcm Fund, and Pimco High. PIMCO Global Stocksplus Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Invest... More
Pimco Global 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 Global's fund 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 Global Stocksplus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9363 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.1 |
Pimco Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Global's standard deviation. In reality, there are many statistical measures that can use Pimco Global historical prices to predict the future Pimco Global's volatility.| Risk Adjusted Performance | 0.0314 | |||
| Jensen Alpha | 1.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0354 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Global'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 Global Stocksplus Backtested Returns
We consider Pimco Global very steady. Pimco Global Stocksplus maintains Sharpe Ratio (i.e., Efficiency) of 6.0E-4, which implies the entity had a 6.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pimco Global Stocksplus, which you can use to evaluate the volatility of the fund. Please check Pimco Global's Coefficient Of Variation of 2090.26, risk adjusted performance of 0.0314, and Semi Deviation of 0.7706 to confirm if the risk estimate we provide is consistent with the expected return of 4.0E-4%. The fund holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pimco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Global is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Pimco Global Stocksplus has weak reverse predictability. Overlapping area represents the amount of predictability between Pimco Global time series from 3rd of March 2024 to 17th of April 2024 and 17th of April 2024 to 1st of June 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 Global Stocksplus price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Pimco Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Pimco Global Stocksplus lagged returns against current returns
Autocorrelation, which is Pimco Global fund'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 Global's fund expected returns. We can calculate the autocorrelation of Pimco Global returns to help us make a trade decision. For example, suppose you find that Pimco Global has exhibited high autocorrelation historically, and you observe that the fund 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 Global 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 Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Global fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Global Lagged Returns
When evaluating Pimco Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Global fund have on its future price. Pimco Global 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 Global autocorrelation shows the relationship between Pimco Global fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Global Stocksplus.
Regressed Prices |
| Timeline |
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Pimco Global technical fund 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, fund market cycles, or different charting patterns.