Pimco Income Correlations

PFN Fund

USD 7.46 0.03 0.40%

The current 90-days correlation between Pimco Income Strategy and Brookfield Real Assets is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco Income Strategy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pimco Income Correlation With Market

Modest diversification

The correlation between Pimco Income Strategy and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Income Strategy 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 Income Strategy. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Pimco Fund

0.74	TWN	Taiwan Closed	Pair Corr
0.85	CAF	Morgan Stanley China	Pair Corr
0.66	FMY	First Trust Mortgage	Pair Corr
0.74	JOF	Japan Smaller Capita	Pair Corr
0.8	CHN	China Fund	Pair Corr
0.88	TDF	Templeton Dragon Closed	Pair Corr
0.79	RPBAX	T Rowe Price	Pair Corr
0.84	MAMAX	Mfs Moderate Allocation	Pair Corr
0.79	FVDKX	Fidelity Value Discovery	Pair Corr
0.89	PAHIX	T Rowe Price	Pair Corr
0.76	FBLAX	Franklin Balanced	Pair Corr
0.78	VBINX	Vanguard Balanced Index	Pair Corr
0.69	MXZHX	Great West Lifetime	Pair Corr
0.77	SFNNX	Schwab Fundamental	Pair Corr
0.76	CBDYX	Columbia Balanced	Pair Corr
0.76	LKBAX	Lkcm Balanced	Pair Corr
0.71	RCKTX	American Funds 2040	Pair Corr
0.66	DMNIX	Delaware Tax Free	Pair Corr
0.83	HBLSX	Hartford Balanced	Pair Corr
0.77	GATMX	Goldman Sachs Structured	Pair Corr
0.63	AIVFX	American Funds Inter	Pair Corr
0.7	WATCX	Western Asset Interm	Pair Corr
0.81	TLQIX	Tiaa Cref Lifecycle	Pair Corr
0.83	TREHX	T Rowe Price	Pair Corr
0.73	DTEYX	Dreyfus Technology Growth	Pair Corr
0.67	ANIYX	New York Municipal	Pair Corr
0.78	MPMNX	Mfs Municipal Income	Pair Corr
0.83	ARGNX	One Choice 2060	Pair Corr
0.68	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.83	PMJIX	Pimco Rae Fundamental	Pair Corr
0.72	IEMSX	Abs Insights Emerging	Pair Corr
0.72	NEA	Nuveen Amt Free	Pair Corr
0.66	CVLOX	Calamos Global Growth	Pair Corr
0.81	HFARX	Janus Henderson Strategic	Pair Corr
0.75	GSITX	Goldman Sachs Small	Pair Corr
0.78	FHBRX	Federated High Income	Pair Corr

Related Correlations Analysis

	RA	PBRNX	MYI	CFRIX	EIFHX	RPIHX	BICSX	CULAX	FAX	QUSIX
RA		0.51	0.65	0.74	0.7	0.79	0.59	0.6	0.32	0.22	RA
PBRNX	0.51		0.87	0.63	0.86	0.73	0.95	0.92	-0.09	-0.02	PBRNX
MYI	0.65	0.87		0.79	0.83	0.87	0.86	0.86	0.01	0.0	MYI
CFRIX	0.74	0.63	0.79		0.79	0.89	0.64	0.72	0.22	0.15	CFRIX
EIFHX	0.7	0.86	0.83	0.79		0.84	0.86	0.93	0.08	0.07	EIFHX
RPIHX	0.79	0.73	0.87	0.89	0.84		0.75	0.76	0.34	0.28	RPIHX
BICSX	0.59	0.95	0.86	0.64	0.86	0.75		0.92	-0.15	-0.13	BICSX
CULAX	0.6	0.92	0.86	0.72	0.93	0.76	0.92		-0.15	-0.14	CULAX
FAX	0.32	-0.09	0.01	0.22	0.08	0.34	-0.15	-0.15		0.74	FAX
QUSIX	0.22	-0.02	0.0	0.15	0.07	0.28	-0.13	-0.14	0.74		QUSIX
	RA	PBRNX	MYI	CFRIX	EIFHX	RPIHX	BICSX	CULAX	FAX	QUSIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BICSX	+ 0.95	PBRNX
CULAX	+ 0.93	EIFHX
CULAX	+ 0.92	PBRNX
CULAX	+ 0.92	BICSX
RPIHX	+ 0.89	CFRIX
MYI	+ 0.87	PBRNX

High negative correlations

FAX	- 0.15	CULAX
FAX	- 0.15	BICSX
QUSIX	- 0.14	CULAX
QUSIX	- 0.13	BICSX
FAX	- 0.09	PBRNX
QUSIX	- 0.02	PBRNX

Risk-Adjusted Indicators

There is a big difference between Pimco Fund performing well and Pimco Income 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 Income'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
RA	0.35	0.02	(0.10)	0.18	0.32	(0.43)	0.91	(0.60)	2.04
PBRNX	0.25	0.08	0.00	(3.01)	0.00	(0.31)	0.65	(0.33)	1.80
MYI	0.36	0.12	0.12	1.51	0.00	(0.49)	1.15	(0.55)	2.52
CFRIX	0.08	0.01	(0.41)	0.69	0.00	(0.27)	0.11	(0.11)	1.10
EIFHX	0.06	0.01	(0.46)	(0.12)	0.00	(0.28)	0.12	(0.12)	0.86
RPIHX	0.13	0.01	(0.26)	0.24	0.00	(0.21)	0.45	(0.23)	1.15
BICSX	0.56	0.10	0.04	0.53	0.74	(0.57)	1.29	(1.41)	4.72
CULAX	0.04	0.01	0.00	(0.55)	0.00	0.00	0.10	0.00	0.61
FAX	0.52	(0.04)	0.00	(0.07)	0.00	0.00	1.20	(1.10)	3.63
QUSIX	0.49	(0.05)	0.00	(0.02)	0.00	0.00	1.07	(0.87)	3.30

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