Pimco Investment Correlations

PCNNX Fund

USD 9.00 0.02 0.22%

The current 90-days correlation between Pimco Investment Grade and Leader Short Term Bond is -0.23 (i.e., Very good diversification). The correlation of Pimco Investment 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 Investment Correlation With Market

Modest diversification

The correlation between Pimco Investment Grade and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Investment Grade 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 Investment Grade. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Pimco Mutual Fund

0.84	PFCJX	Pimco Preferred And	Pair Corr
0.96	PFORX	Pimco Foreign Bond	Pair Corr
0.89	PFRCX	Foreign Bond	Pair Corr
0.86	PFRMX	Pimco Inflation Response	Pair Corr
0.96	PGBIX	Global Bond Fund	Pair Corr
1.0	PGCAX	Investment Grade Porate	Pair Corr
0.92	PGSAX	Pimco Global Advantage	Pair Corr
0.85	PHDCX	High Yield Fund	Pair Corr
0.76	PDI	Pimco Dynamic Income	Pair Corr
1.0	PIGIX	Investment Grade Porate	Pair Corr
0.98	PIINX	Pimco Income	Pair Corr
0.98	PIMIX	Pimco Income	Pair Corr
0.84	PLMAX	Pimco Emerging Markets	Pair Corr
0.89	PLRIX	Pimco Long Term	Pair Corr
0.98	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.94	PONAX	Pimco Income	Pair Corr
0.98	PONPX	Pimco Incme Fund	Pair Corr
0.98	PRAPX	Pimco Total Return	Pair Corr
0.63	PRRSX	Realestaterealreturn	Pair Corr
0.83	PRTPX	Pimco Real Return	Pair Corr
0.87	PAALX	All Asset Fund	Pair Corr
0.88	PAEMX	Emerging Markets Bond	Pair Corr
0.8	PAIDX	Pimco Short Asset	Pair Corr
0.8	PAIPX	Pimco Short Asset	Pair Corr
0.8	PAIQX	Pimco Short Asset	Pair Corr
0.8	PAMSX	Pimco Short Asset	Pair Corr
0.87	PALPX	Pimco All Asset	Pair Corr
0.78	PSFAX	Short Term Fund	Pair Corr
0.91	PAUIX	Pimco All Asset	Pair Corr
1.0	PBDCX	Investment Grade Porate	Pair Corr
0.94	PBDAX	Investment Grade Porate	Pair Corr

Moving against Pimco Mutual Fund

0.76	PWLBX	Pimco Rae Worldwide	Pair Corr
0.46	PWLEX	Pimco Rae Worldwide	Pair Corr
0.4	PWLMX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	LCCMX	ABNTX	MBSAX	ABNCX	ANBIX	ARTFX	BTFRX
LCCMX		0.72	0.92	0.65	0.73	0.95	0.87	LCCMX
ABNTX	0.72		0.84	0.93	0.95	0.77	0.84	ABNTX
MBSAX	0.92	0.84		0.78	0.83	0.96	0.93	MBSAX
ABNCX	0.65	0.93	0.78		0.99	0.74	0.79	ABNCX
ANBIX	0.73	0.95	0.83	0.99		0.8	0.84	ANBIX
ARTFX	0.95	0.77	0.96	0.74	0.8		0.88	ARTFX
BTFRX	0.87	0.84	0.93	0.79	0.84	0.88		BTFRX
	LCCMX	ABNTX	MBSAX	ABNCX	ANBIX	ARTFX	BTFRX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Investment 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 Investment'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
LCCMX	0.12	0.05	(0.57)	4.90	0.00	(0.26)	0.51	(0.13)	1.00
ABNTX	0.14	0.03	(0.41)	(2.05)	0.00	(0.17)	0.29	(0.29)	1.08
MBSAX	0.25	0.04	(0.16)	0.32	0.08	(0.29)	0.52	(0.50)	1.62
ABNCX	0.15	0.03	(0.34)	(3.94)	0.00	(0.19)	0.40	(0.39)	1.30
ANBIX	0.15	0.04	(0.36)	(1.84)	0.00	(0.18)	0.38	(0.29)	1.17
ARTFX	0.15	0.08	(0.32)	(2.66)	0.00	(0.24)	0.57	(0.11)	0.92
BTFRX	0.17	0.03	(0.33)	(1.08)	0.09	(0.21)	0.27	(0.27)	1.19

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