Pimco 15 Year Etf Market Value
| LTPZ Etf | USD 52.51 0.14 0.27% |
| Symbol | PIMCO |
The market value of PIMCO 15 Year is measured differently than its book value, which is the value of PIMCO that is recorded on the company's balance sheet. Investors also form their own opinion of PIMCO 15's value that differs from its market value or its book value, called intrinsic value, which is PIMCO 15's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PIMCO 15's market value can be influenced by many factors that don't directly affect PIMCO 15's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PIMCO 15's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO 15 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO 15'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 15 '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 15's etf 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 15.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in PIMCO 15 on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO 15 Year or generate 0.0% return on investment in PIMCO 15 over 30 days. PIMCO 15 is related to or competes with IShares IBoxx, IShares 1, IShares 7, IShares Core, and IShares IBoxx. The fund invests at least 80 percent of its total assets in the component securities of the ICE BofA 15 Year US Inflatio... More
PIMCO 15 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 15's etf 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 15 Year upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.1 |
PIMCO 15 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO 15's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO 15's standard deviation. In reality, there are many statistical measures that can use PIMCO 15 historical prices to predict the future PIMCO 15's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PIMCO 15's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PIMCO 15 Year Backtested Returns
PIMCO 15 Year maintains Sharpe Ratio (i.e., Efficiency) of -0.0922, which implies the entity had a -0.0922% return per unit of volatility over the last 3 months. PIMCO 15 Year exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIMCO 15's coefficient of variation of (874.92), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The etf holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PIMCO 15's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO 15 is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
PIMCO 15 Year has virtually no predictability. Overlapping area represents the amount of predictability between PIMCO 15 time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 15 Year price movement. The serial correlation of 0.03 indicates that only 3.0% of current PIMCO 15 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
PIMCO 15 Year lagged returns against current returns
Autocorrelation, which is PIMCO 15 etf'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 15's etf expected returns. We can calculate the autocorrelation of PIMCO 15 returns to help us make a trade decision. For example, suppose you find that PIMCO 15 has exhibited high autocorrelation historically, and you observe that the etf 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 15 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 15 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO 15 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO 15 etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO 15 Lagged Returns
When evaluating PIMCO 15's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO 15 etf have on its future price. PIMCO 15 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 15 autocorrelation shows the relationship between PIMCO 15 etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO 15 Year.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PIMCO 15 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PIMCO 15's short interest history, or implied volatility extrapolated from PIMCO 15 options trading.
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PIMCO 15 technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.