Pimco Floating Income Fund Market Value
| PFIIX Fund | USD 8.12 0.00 0.00% |
| Symbol | Pimco |
Pimco Floating '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 Floating'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 Floating.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Pimco Floating on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco Floating Income or generate 0.0% return on investment in Pimco Floating over 720 days. Pimco Floating is related to or competes with Pimco Income, Pimco Mortgage, Short-term Fund, Pimco Foreign, and Diversified Income. The fund seeks to achieve its investment objective by investing under normal circumstances at least 65 percent of its to... More
Pimco Floating 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 Floating'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 Floating Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1932 | |||
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.7444 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.25 |
Pimco Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Floating's standard deviation. In reality, there are many statistical measures that can use Pimco Floating historical prices to predict the future Pimco Floating's volatility.| Risk Adjusted Performance | 0.0743 | |||
| Jensen Alpha | 0.0107 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.53) | |||
| Treynor Ratio | 0.7499 |
Pimco Floating Income Backtested Returns
At this stage we consider Pimco Mutual Fund to be very steady. Pimco Floating Income maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Pimco Floating Income, which you can use to evaluate the volatility of the fund. Please check Pimco Floating's Downside Deviation of 0.1932, risk adjusted performance of 0.0743, and Standard Deviation of 0.1505 to confirm if the risk estimate we provide is consistent with the expected return of 0.0178%. The fund holds a Beta of 0.0169, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Floating is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Pimco Floating Income has very good predictability. Overlapping area represents the amount of predictability between Pimco Floating time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Floating Income price movement. The serial correlation of 0.84 indicates that around 84.0% of current Pimco Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pimco Floating Income lagged returns against current returns
Autocorrelation, which is Pimco Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Pimco Floating returns to help us make a trade decision. For example, suppose you find that Pimco Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Floating Lagged Returns
When evaluating Pimco Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Floating mutual fund have on its future price. Pimco Floating 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 Floating autocorrelation shows the relationship between Pimco Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Floating Income.
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 Floating 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 Floating security.
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