PIMCO Corporate Income Opportunity Fund Stock Price Passes Above 50-Day Moving Average - Whats Next - MarketBeat
| PTY Fund | USD 14.73 0.03 0.20% |
Slightly above 54% of Pimco Corporate's investor base is interested to short. The analysis of overall sentiment of trading Pimco Corporate Income fund suggests that many investors are impartial at this time. Pimco Corporate's investing sentiment can be driven by a variety of factors including economic data, Pimco Corporate's earnings reports, geopolitical events, and overall market trends.
Pimco |
PIMCO Corporate Income Opportunity Fund Stock Price Passes Above 50-Day Moving Average - Whats Next MarketBeat
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Pimco Corporate Fundamental Analysis
We analyze Pimco Corporate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pimco Corporate using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pimco Corporate based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Pimco Corporate is currently under evaluation in beta among similar funds. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Pimco Corporate Income Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pimco Corporate fund to make a market-neutral strategy. Peer analysis of Pimco Corporate could also be used in its relative valuation, which is a method of valuing Pimco Corporate by comparing valuation metrics with similar companies.
Peers
Pimco Corporate Related Equities
| CLM | Cornerstone Strategic | 0.67 | ||||
| RA | Brookfield Real | 0.59 | ||||
| GOF | Guggenheim Strategic | 0.38 | ||||
| PCM | Pcm Fund | 0.25 | ||||
| PFL | Pimco Income | 0.24 | ||||
| PDO | Pimco Dynamic | 0.22 | ||||
| PDI | Pimco Dynamic | 0.21 | ||||
| PHK | Pimco High | 0.20 | ||||
| BTZ | BlackRock Credit | 0.09 | ||||
| UTG | Reaves Utility | 0.34 |
Other Information on Investing in Pimco Fund
Pimco Corporate financial ratios help investors to determine whether Pimco Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pimco with respect to the benefits of owning Pimco Corporate security.
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