Pimco Foreign Bond Fund Market Value

PFRRX Fund  USD 9.93  0.01  0.10%   
Pimco Foreign's market value is the price at which a share of Pimco Foreign trades on a public exchange. It measures the collective expectations of Pimco Foreign Bond investors about its performance. Pimco Foreign is trading at 9.93 as of the 25th of December 2024; that is 0.10% increase since the beginning of the trading day. The fund's open price was 9.92.
With this module, you can estimate the performance of a buy and hold strategy of Pimco Foreign Bond and determine expected loss or profit from investing in Pimco Foreign over a given investment horizon. Check out Pimco Foreign Correlation, Pimco Foreign Volatility and Pimco Foreign Alpha and Beta module to complement your research on Pimco Foreign.
Symbol

Please note, there is a significant difference between Pimco Foreign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pimco Foreign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pimco Foreign's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Pimco Foreign '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 Foreign'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 Foreign.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in Pimco Foreign on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Foreign Bond or generate 0.0% return on investment in Pimco Foreign over 30 days. Pimco Foreign is related to or competes with Foreign Bond, Emerging Markets, Low Duration, and Pimco Income. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More

Pimco Foreign 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 Foreign'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 Foreign Bond upside and downside potential and time the market with a certain degree of confidence.

Pimco Foreign Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Foreign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Foreign's standard deviation. In reality, there are many statistical measures that can use Pimco Foreign historical prices to predict the future Pimco Foreign's volatility.
Hype
Prediction
LowEstimatedHigh
9.719.9310.15
Details
Intrinsic
Valuation
LowRealHigh
9.719.9310.15
Details

Pimco Foreign Bond Backtested Returns

At this stage we consider Pimco Mutual Fund to be very steady. Pimco Foreign Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.0302, which implies the entity had a 0.0302% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco Foreign Bond, which you can use to evaluate the volatility of the fund. Please check Pimco Foreign's Coefficient Of Variation of 3395.8, semi deviation of 0.1648, and insignificant Risk Adjusted Performance to confirm if the risk estimate we provide is consistent with the expected return of 0.0065%. The fund holds a Beta of 0.0601, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Foreign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Foreign is expected to be smaller as well.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Pimco Foreign Bond has poor reverse predictability. Overlapping area represents the amount of predictability between Pimco Foreign time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Foreign Bond price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Pimco Foreign price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.0

Pimco Foreign Bond lagged returns against current returns

Autocorrelation, which is Pimco Foreign 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 Foreign's mutual fund expected returns. We can calculate the autocorrelation of Pimco Foreign returns to help us make a trade decision. For example, suppose you find that Pimco Foreign 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 Foreign 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 Foreign mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Foreign 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 Foreign mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Pimco Foreign Lagged Returns

When evaluating Pimco Foreign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Foreign mutual fund have on its future price. Pimco Foreign 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 Foreign autocorrelation shows the relationship between Pimco Foreign mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Foreign Bond.
   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 Foreign 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 Foreign security.
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