Pimco Long Term Credit Fund Market Value
| PLRIX Fund | USD 6.89 0.02 0.29% |
| Symbol | Pimco |
Pimco Long-term '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 Long-term's mutual 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 Long-term.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Pimco Long-term on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Long Term Credit or generate 0.0% return on investment in Pimco Long-term over 30 days. Pimco Long-term is related to or competes with Pimco Rae, Pimco Rae, Pimco Rae, Pimco Rae, Pimco Foreign, Pimco Preferred, and Pimco Fundamental. The fund invests at least 65 percent of its total assets in a diversified portfolio of Fixed Income Instruments of varyi... More
Pimco Long-term 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 Long-term's mutual 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 Long Term Credit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.2 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 0.9736 |
Pimco Long-term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Long-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Long-term's standard deviation. In reality, there are many statistical measures that can use Pimco Long-term historical prices to predict the future Pimco Long-term's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Long-term'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 Long Term Backtested Returns
Pimco Long Term maintains Sharpe Ratio (i.e., Efficiency) of -0.0454, which implies the entity had a -0.0454% return per unit of risk over the last 3 months. Pimco Long Term exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Long-term's Risk Adjusted Performance of (0.04), variance of 0.5518, and Coefficient Of Variation of (1,655) to confirm the risk estimate we provide. The fund holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Long-term's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Long-term is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Pimco Long Term Credit has modest predictability. Overlapping area represents the amount of predictability between Pimco Long-term time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Long Term price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Pimco Long-term price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pimco Long Term lagged returns against current returns
Autocorrelation, which is Pimco Long-term mutual 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 Long-term's mutual fund expected returns. We can calculate the autocorrelation of Pimco Long-term returns to help us make a trade decision. For example, suppose you find that Pimco Long-term has exhibited high autocorrelation historically, and you observe that the mutual 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 Long-term 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 Long-term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Long-term mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Long-term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Long-term Lagged Returns
When evaluating Pimco Long-term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Long-term mutual fund have on its future price. Pimco Long-term 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 Long-term autocorrelation shows the relationship between Pimco Long-term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Long Term Credit.
Regressed Prices |
| Timeline |
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Align your risk with return expectations
Check out Pimco Long-term Correlation, Pimco Long-term Volatility and Pimco Long-term Alpha and Beta module to complement your research on Pimco Long-term. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Pimco Long-term technical mutual 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.