Pimco California Correlations

PCK Fund

USD 5.27 0.04 0.75%

The current 90-days correlation between Pimco California Mun and Pimco California Municipal is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco California Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pimco California Correlation With Market

Very weak diversification

The correlation between Pimco California Municipal and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco California Municipal and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pimco California Municipal. Also, note that the market value of any otc fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Related Correlations Analysis

	PZC	PCQ	BFZ	MUC	VCV	PMX	PNI	PNF
PZC		0.83	0.44	0.92	0.61	0.88	0.77	0.79	PZC
PCQ	0.83		0.74	0.87	0.86	0.91	0.83	0.8	PCQ
BFZ	0.44	0.74		0.62	0.79	0.72	0.63	0.55	BFZ
MUC	0.92	0.87	0.62		0.7	0.91	0.79	0.81	MUC
VCV	0.61	0.86	0.79	0.7		0.76	0.8	0.63	VCV
PMX	0.88	0.91	0.72	0.91	0.76		0.8	0.82	PMX
PNI	0.77	0.83	0.63	0.79	0.8	0.8		0.81	PNI
PNF	0.79	0.8	0.55	0.81	0.63	0.82	0.81		PNF
	PZC	PCQ	BFZ	MUC	VCV	PMX	PNI	PNF

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Risk-Adjusted Indicators

There is a big difference between Pimco OTC Fund performing well and Pimco California OTC 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 California'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
PZC	0.44	(0.04)	(0.22)	(0.03)	0.52	(0.53)	0.98	(0.94)	2.77
PCQ	0.49	0.00	(0.15)	0.12	0.52	(0.60)	0.96	(0.83)	3.18
BFZ	0.49	0.01	(0.14)	0.20	0.52	(0.59)	1.04	(0.93)	2.96
MUC	0.38	(0.05)	0.00	(0.07)	0.00	0.00	0.88	(0.98)	2.95
VCV	0.61	0.04	(0.06)	0.24	0.75	(0.72)	1.82	(1.45)	4.72
PMX	0.48	(0.02)	(0.18)	0.05	0.60	(0.50)	1.18	(1.04)	2.68
PNI	0.47	(0.05)	0.00	(0.08)	0.00	0.00	0.76	(0.90)	2.42
PNF	0.50	(0.02)	(0.18)	(0.02)	0.69	(0.50)	1.02	(1.42)	2.92

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Our tools can tell you how much better you can do entering a position in Pimco California without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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