Pimco Diversified Income Fund Market Value
| PDNIX Fund | USD 9.86 0.01 0.10% |
| Symbol | PIMCO |
Pimco Diversified '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 Diversified'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 Diversified.
| 10/01/2022 |
| 09/20/2024 |
If you would invest 0.00 in Pimco Diversified on October 1, 2022 and sell it all today you would earn a total of 0.00 from holding Pimco Diversified Income or generate 0.0% return on investment in Pimco Diversified over 720 days. Pimco Diversified is related to or competes with Barings Emerging, Mirova Global, Federated Short-intermedia, T Rowe, Rbc Bluebay, Intermediate-term, and Doubleline Global. The fund normally invests at least 65 percent of its total assets in a diversified portfolio of Fixed Income Instruments... More
Pimco Diversified 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 Diversified'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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2417 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.3181 |
Pimco Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Diversified's standard deviation. In reality, there are many statistical measures that can use Pimco Diversified historical prices to predict the future Pimco Diversified's volatility.| Risk Adjusted Performance | 0.2811 | |||
| Jensen Alpha | 0.0553 | |||
| Total Risk Alpha | 0.0369 | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.8329 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Diversified'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 Diversified Income Backtested Returns
At this stage we consider PIMCO Mutual Fund to be very steady. Pimco Diversified Income maintains Sharpe Ratio (i.e., Efficiency) of 0.39, which implies the entity had a 0.39% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Pimco Diversified Income, which you can use to evaluate the volatility of the fund. Please check Pimco Diversified's Downside Deviation of 0.2417, standard deviation of 0.1914, and Risk Adjusted Performance of 0.2811 to confirm if the risk estimate we provide is consistent with the expected return of 0.0755%. The fund holds a Beta of 0.077, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Diversified is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Pimco Diversified Income has very good predictability. Overlapping area represents the amount of predictability between Pimco Diversified time series from 1st of October 2022 to 26th of September 2023 and 26th of September 2023 to 20th of September 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 Diversified Income price movement. The serial correlation of 0.85 indicates that around 85.0% of current Pimco Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Pimco Diversified Income lagged returns against current returns
Autocorrelation, which is Pimco Diversified 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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Pimco Diversified returns to help us make a trade decision. For example, suppose you find that Pimco Diversified 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Diversified 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 Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pimco Diversified Lagged Returns
When evaluating Pimco Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Diversified mutual fund have on its future price. Pimco Diversified 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 Diversified autocorrelation shows the relationship between Pimco Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Diversified 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 Diversified 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 Diversified security.
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