Pimco Flexible Municipal Fund Market Value
| PMAAX Fund | USD 10.21 0.11 1.07% |
| Symbol | Pimco |
Pimco Flexible '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 Flexible'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 Flexible.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Pimco Flexible on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Pimco Flexible Municipal or generate 0.0% return on investment in Pimco Flexible over 720 days. Pimco Flexible is related to or competes with American Funds, Lord Abbett, Guggenheim Managed, Simt Multi, Ab Bond, Aqr Managed, and Deutsche Global. Pimco Flexible is entity of United States More
Pimco Flexible 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 Flexible'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 Flexible Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.03 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.4789 |
Pimco Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Flexible's standard deviation. In reality, there are many statistical measures that can use Pimco Flexible historical prices to predict the future Pimco Flexible's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 1.41 |
Pimco Flexible Municipal Backtested Returns
Pimco Flexible Municipal maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the entity had a -0.14% return per unit of risk over the last 3 months. Pimco Flexible Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pimco Flexible's Risk Adjusted Performance of (0.12), coefficient of variation of (732.62), and Variance of 0.1288 to confirm the risk estimate we provide. The fund holds a Beta of -0.0418, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pimco Flexible are expected to decrease at a much lower rate. During the bear market, Pimco Flexible is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
Pimco Flexible Municipal has weak reverse predictability. Overlapping area represents the amount of predictability between Pimco Flexible time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Flexible Municipal price movement. The serial correlation of -0.23 indicates that over 23.0% of current Pimco Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pimco Flexible Municipal lagged returns against current returns
Autocorrelation, which is Pimco Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Pimco Flexible returns to help us make a trade decision. For example, suppose you find that Pimco Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Flexible Lagged Returns
When evaluating Pimco Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Flexible mutual fund have on its future price. Pimco Flexible 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 Flexible autocorrelation shows the relationship between Pimco Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Flexible Municipal.
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 Flexible 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 Flexible security.
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