PIMCO Low (Switzerland) Market Value
| LDCC Etf | CHF 97.22 0.23 0.24% |
| Symbol | PIMCO |
Please note, there is a significant difference between PIMCO Low's value and its price as these two are different measures arrived at by different means. Investors typically determine if PIMCO Low is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PIMCO Low'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 Low '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 Low'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 Low.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in PIMCO Low on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding PIMCO Low Duration or generate 0.0% return on investment in PIMCO Low over 30 days. PIMCO Low is related to or competes with UBSFund Solutions, Vanguard, IShares Core, Lyxor Japan, and IShares Core. The PIMCO Low Duration US Corporate Bond Source UCITS ETF seeks to maximise total return, consistent with prudent invest... More
PIMCO Low 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 Low'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 Low Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 0.9861 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.2371 |
PIMCO Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIMCO Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIMCO Low's standard deviation. In reality, there are many statistical measures that can use PIMCO Low historical prices to predict the future PIMCO Low's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PIMCO Low'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 Low Duration Backtested Returns
PIMCO Low Duration maintains Sharpe Ratio (i.e., Efficiency) of -0.0671, which implies the entity had a -0.0671% return per unit of volatility over the last 3 months. PIMCO Low Duration exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIMCO Low's risk adjusted performance of (0.06), and Coefficient Of Variation of (2,009) to confirm the risk estimate we provide. The etf holds a Beta of 0.0276, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIMCO Low's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIMCO Low is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
PIMCO Low Duration has poor reverse predictability. Overlapping area represents the amount of predictability between PIMCO Low time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Low Duration price movement. The serial correlation of -0.36 indicates that just about 36.0% of current PIMCO Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PIMCO Low Duration lagged returns against current returns
Autocorrelation, which is PIMCO Low 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 Low's etf expected returns. We can calculate the autocorrelation of PIMCO Low returns to help us make a trade decision. For example, suppose you find that PIMCO Low 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 Low 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 Low etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIMCO Low etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIMCO Low etf over time.
Current vs Lagged Prices |
| Timeline |
PIMCO Low Lagged Returns
When evaluating PIMCO Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIMCO Low etf have on its future price. PIMCO Low 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 Low autocorrelation shows the relationship between PIMCO Low etf current value and its past values and can show if there is a momentum factor associated with investing in PIMCO Low Duration.
Regressed Prices |
| Timeline |
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PIMCO Low 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.