Pimco Canadian Core Fund Market Value
| CORE Fund | 20.12 0.05 0.25% |
| Symbol | PIMCO |
PIMCO Canadian '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 Canadian'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 Canadian.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in PIMCO Canadian on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Canadian Core or generate 0.0% return on investment in PIMCO Canadian over 30 days.
PIMCO Canadian 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 Canadian'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 Canadian Core upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.85 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.6853 |
PIMCO Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Canadian's standard deviation. In reality, there are many statistical measures that can use PIMCO Canadian historical prices to predict the future PIMCO Canadian's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.57) |
PIMCO Canadian Core Backtested Returns
PIMCO Canadian Core maintains Sharpe Ratio (i.e., Efficiency) of -0.0266, which implies the entity had a -0.0266% return per unit of volatility over the last 3 months. PIMCO Canadian Core exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIMCO Canadian's coefficient of variation of (5,482), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The fund holds a Beta of 0.0296, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIMCO Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO Canadian is expected to be smaller as well.
Auto-correlation | -0.89 |
Excellent reverse predictability
PIMCO Canadian Core has excellent reverse predictability. Overlapping area represents the amount of predictability between PIMCO Canadian time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 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 Canadian Core price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current PIMCO Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PIMCO Canadian Core lagged returns against current returns
Autocorrelation, which is PIMCO Canadian 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 Canadian's fund expected returns. We can calculate the autocorrelation of PIMCO Canadian returns to help us make a trade decision. For example, suppose you find that PIMCO Canadian 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 Canadian 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 Canadian fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Canadian fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Canadian fund over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Canadian Lagged Returns
When evaluating PIMCO Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Canadian fund have on its future price. PIMCO Canadian 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 Canadian autocorrelation shows the relationship between PIMCO Canadian fund current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Canadian Core.
Regressed Prices |
| Timeline |
Pair Trading with PIMCO Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with PIMCO Fund
| 0.73 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to PIMCO Canadian 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 Canadian 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 Canadian - 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 Canadian Core to buy it.
The correlation of PIMCO Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO Canadian Core 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 Canadian 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.| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |