Pcm Fund Year To Date Return vs. Beta
| PCM Fund | USD 6.37 0.04 0.63% |
For Pcm Fund profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pcm Fund to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pcm Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pcm Fund's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pcm Fund over time as well as its relative position and ranking within its peers.
Pcm |
Pcm Fund Beta vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pcm Fund's current stock value. Our valuation model uses many indicators to compare Pcm Fund value to that of its competitors to determine the firm's financial worth. Pcm Fund is rated below average in year to date return among similar funds. It is rated below average in beta among similar funds totaling about 0.14 of Beta per Year To Date Return. The ratio of Year To Date Return to Beta for Pcm Fund is roughly 7.03 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Pcm Fund by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Pcm Beta vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Pcm Fund |
| = | 4.78 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Pcm Fund |
| = | 0.68 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Pcm Beta Comparison
Pcm Fund is currently under evaluation in beta among similar funds.
Beta Analysis
As returns on the market increase, Pcm Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pcm Fund is expected to be smaller as well.
Pcm Fund Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pcm Fund, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pcm Fund will eventually generate negative long term returns. The profitability progress is the general direction of Pcm Fund's change in net profit over the period of time. It can combine multiple indicators of Pcm Fund, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
PCM Fund Inc. is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities. It employs fundamental analysis with a focus on top down stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Barclays CMBS Investment Grade Index. PCM Fund Inc was formed on September 2, 1993 and is domiciled in the United States.
Pcm Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Pcm Fund. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Pcm Fund position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Pcm Fund's important profitability drivers and their relationship over time.
Use Pcm Fund in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pcm Fund position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pcm Fund will appreciate offsetting losses from the drop in the long position's value.Pcm Fund Pair Trading
Pcm Fund Pair Trading Analysis
The ability to find closely correlated positions to Pcm Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pcm Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pcm Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pcm Fund to buy it.
The correlation of Pcm Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pcm Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pcm Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pcm Fund can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Pcm Fund position
In addition to having Pcm Fund in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Financials ETFs Thematic Idea Now
Financials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Financials ETFs theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Financials ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Pcm Fund
To fully project Pcm Fund's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Pcm Fund at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Pcm Fund's income statement, its balance sheet, and the statement of cash flows.
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