PIMCO Global StocksPLUS & Income Fund (PGP)

20.10 +0.05  +0.25%  May 31, 5:21PM Go Pro
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PIMCO Global StocksPLUS & Income Fund Beta: 1.258

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PGP Beta Range, Past 5 Years

Minimum 0.4265 May 2008
Maximum 1.439 Jun 2009
Average 1.215

About Beta 60 Month

YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.

Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.

In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.

When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.

For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
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PGP News

$PGP forms bullish "Flag" chart pattern. http://stks.co/3RXi
about 41 days ago by RecogniaEvents
Are Investors Really This Dumb?
Jan 25, 9:20AM Motley Fool
High Income, Added Risks
Dec 04, 10:47PM
maybe $CLM and $CRF can join the $PGP and $PHK party. added to swing short CLM at 10.50. NAV of CLM is ~$7/sh
about 353 days ago by LitheLyricist
already been short $PGP for a couple days after seeing $PHK smacked.about to swing short $PHK at 13; NAV of PHK ~ $9; NAV of PGP ~$15
about 357 days ago by LitheLyricist
$PGP hitting support.
about 416 days ago by BoomerangThree
for $PGP, I should clarify that my swing is a short. it tanks whenever the big boys realize that it's ridiculously overpriced
about 421 days ago by LitheLyricist
$PGP @ $24.81 for play to $???
about 423 days ago by BoomerangThree
RT @LitheLyricist trying $PGP swing around $25. Huge premium to NAV.
about 423 days ago by BoomerangThree
trying $PGP swing around $25. Huge premium to NAV.
about 423 days ago by LitheLyricist
$PCK (munis) getting spanked. short working. $PGP has been moving just a bit, and $PHK should be next
about 504 days ago by LitheLyricist
short $PGP from high 22s, $PHK could be next to drop. both at steep premiums to NAV
about 508 days ago by LitheLyricist
Bought 50 $JNK @ $37.20 ~ going to average into my high dividend plays as they come down. Looking at $PGP when the 63.25% premium comes out.
about 840 days ago by cheapogroovo
Sold 5 $TMV Feb 67.0 Calls | Bought 200 $DGP @ $24.35 | Bought 450 $ENER @ $9.05 | Sold 500 $PGP @ $18.01
about 847 days ago by cheapogroovo
$PGP getting crushed in sympathy w/ $PHK getting crushed
about 847 days ago by LitheLyricist
covered $PGP 18.04 on recent profits
about 879 days ago by derekbobbe
Friday, I was able to buy more high dividend plays on the dip! $JNK @ $37.81 and $PGP @ $17.39. Gotta love those limit orders!
about 913 days ago by cheapogroovo
Nice drop today in $PGP. Premium to NAV remains very high (53%) by historical standards so I'm maintaining pos w/ offsetting long in $EFA.
about 924 days ago by derekbobbe
Shorting $PGP with high enthusiasm. It traded up $0.64 today for an upcoming $0.18 divi. Nonsense - shd fall hard soon after ex-date 11/9.
about 937 days ago by derekbobbe
Shorting more $PGP. Looking very expensive with a Premium to NAV of 56%. Using $EFA as a long pair, adjusting the hedge for $PGP's leverage.
about 938 days ago by derekbobbe
Today's stock move: Bought 100 shares of $PGP Just can't resist that monthly stock dividend
about 972 days ago by cheapogroovo
sold my beloved $PGP at 16.13 bot at 10.86
about 982 days ago by l2trade09
Closed End Fund $PGP is a screaming short here. 59% premium to NAV is completely unjustified. Retailers just want the dividend but it's ROC.
about 983 days ago by derekbobbe
my cost basis on $PGP is 10.26 its trading at 16.20, very well managed fund, good div, still well off 52 wk hi
about 1088 days ago by l2trade09
$PGP looking good today. (if you are a fan of closed-end funds)
about 1093 days ago by l2trade09
$PGP I agree that the div is good. However, why would you pay a 39.5% premium of street price over NAV?
about 1099 days ago by MGPS00
@wsmco i like $main too, but another good div stock (closed end fund) is $PGP they've yet to miss that .18/mo div. currently 18.35% ann
about 1100 days ago by l2trade09

Recent Quotes

Symbol Price Chg Chg % Market Cap
PGP 20.10 +0.05 +0.25%
PGNX 8.66 -0.36 -3.99% 305.42M
PGN 54.81 +0.43 +0.79% 16.05B
PGI 8.35 +0.09 +1.09% 414.32M
PEGA 31.05 -0.30 -0.96% 1.185B
PEG 31.18 +0.43 +1.40% 15.56B
PEET 59.48 -0.43 -0.72% 792.01M
PEDH 0.508 +0.11 +27.00% 2.271M
PEBO 18.83 +0.16 +0.86% 199.40M
PEBK 7.82 +0.00 +0.00% 43.32M
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