Pimco All Asset Fund Market Value
| PATRX Fund | USD 10.84 0.09 0.82% |
| Symbol | Pimco |
Pimco All '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 All'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 All.
| 08/22/2024 |
| 12/20/2024 |
If you would invest 0.00 in Pimco All on August 22, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco All Asset or generate 0.0% return on investment in Pimco All over 120 days. Pimco All is related to or competes with Oil Gas, Invesco Energy, Goehring Rozencwajg, Hennessy, and Firsthand Alternative. The fund is a fund of funds, which is a term used to describe mutual funds that pursue their investment objective by inv... More
Pimco All 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 All'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 All Asset upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.81 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.4562 |
Pimco All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco All's standard deviation. In reality, there are many statistical measures that can use Pimco All historical prices to predict the future Pimco All's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.25) |
Pimco All Asset Backtested Returns
Pimco All Asset maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the entity had a -0.17% return per unit of risk over the last 3 months. Pimco All Asset exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco All's Coefficient Of Variation of (722.25), variance of 0.1384, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The fund holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco All is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Pimco All Asset has very weak predictability. Overlapping area represents the amount of predictability between Pimco All time series from 22nd of August 2024 to 21st of October 2024 and 21st of October 2024 to 20th 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 All Asset price movement. The serial correlation of 0.18 indicates that over 18.0% of current Pimco All price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pimco All Asset lagged returns against current returns
Autocorrelation, which is Pimco All 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 All's mutual fund expected returns. We can calculate the autocorrelation of Pimco All returns to help us make a trade decision. For example, suppose you find that Pimco All 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 All 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 All mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco All 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 All mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco All Lagged Returns
When evaluating Pimco All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco All mutual fund have on its future price. Pimco All 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 All autocorrelation shows the relationship between Pimco All mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco All Asset.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Pimco Mutual Fund
Pimco All financial ratios help investors to determine whether Pimco Mutual 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 All security.
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