Pimco Credit Correlations
PCCRX Fund | USD 9.55 0.01 0.10% |
The current 90-days correlation between Pimco Credit Absolute and Multi Manager High Yield is 0.12 (i.e., Average diversification). The correlation of Pimco Credit 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Pimco Credit Correlation With Market
Average diversification
The correlation between Pimco Credit Absolute and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Credit Absolute and DJI in the same portfolio, assuming nothing else is changed.
Pimco |
Moving together with Pimco Mutual Fund
0.82 | PFANX | Pimco Capital Sec | PairCorr |
0.9 | PFIUX | Pimco Unconstrained Bond | PairCorr |
0.88 | PFONX | Pimco International Bond | PairCorr |
0.92 | PFORX | Pimco Foreign Bond | PairCorr |
0.83 | PFNNX | Pimco Preferred And | PairCorr |
0.88 | PFOAX | Pimco Foreign Bond | PairCorr |
0.88 | PFOCX | Pimco Foreign Bond | PairCorr |
0.9 | PFRMX | Pimco Inflation Response | PairCorr |
0.72 | PFTCX | Short Term Fund | PairCorr |
0.76 | PXTIX | Fundamental Indexplus | PairCorr |
0.92 | PGBIX | Global Bond Fund | PairCorr |
0.73 | PGMAX | Pimco Global Multi | PairCorr |
0.81 | PHIYX | High Yield Fund | PairCorr |
0.7 | PDI | Pimco Dynamic Income | PairCorr |
0.81 | PHLPX | Pimco High Yield | PairCorr |
0.79 | PHNNX | Pimco High Yield | PairCorr |
0.78 | PHSIX | Pimco High Yield | PairCorr |
0.73 | PZRAX | Pimco Rae Fundamental | PairCorr |
0.83 | PZRMX | Pimco Inflation Response | PairCorr |
0.97 | PIGIX | Investment Grade Porate | PairCorr |
0.96 | PIMIX | Pimco Income | PairCorr |
0.92 | PIPNX | Pimco Income | PairCorr |
0.74 | PIXAX | Fundamental Indexplus | PairCorr |
0.76 | PIXPX | Pimco Fundamental | PairCorr |
0.86 | PLDRX | Low Duration | PairCorr |
0.91 | PLDTX | Low Duration | PairCorr |
0.82 | PLMPX | Pimco Emerging Markets | PairCorr |
0.87 | PLRIX | Pimco Long Term | PairCorr |
0.87 | PLRPX | Pimco Long Duration | PairCorr |
0.95 | PMBIX | Total Return | PairCorr |
Moving against Pimco Mutual Fund
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Pimco Mutual Fund performing well and Pimco Credit Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pimco Credit's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
NMHYX | 0.13 | 0.04 | (0.62) | 0.48 | 0.00 | 0.37 | 1.09 | |||
PHIAX | 0.12 | 0.07 | (0.75) | (2.69) | 0.00 | 0.36 | 0.83 | |||
BUFHX | 0.11 | 0.04 | (1.01) | 0.55 | 0.00 | 0.38 | 0.97 | |||
BXHCX | 0.15 | 0.08 | (0.63) | (2.92) | 0.00 | 0.50 | 1.02 | |||
THYYX | 0.14 | 0.06 | (0.68) | 3.59 | 0.00 | 0.40 | 1.06 | |||
BHYRX | 0.15 | 0.04 | (0.65) | 0.41 | 0.00 | 0.57 | 1.02 | |||
FAGIX | 0.27 | 0.07 | (0.22) | 0.40 | 0.00 | 0.70 | 1.90 | |||
TAHFX | 0.16 | 0.09 | (0.58) | (3.77) | 0.00 | 0.50 | 1.02 |