Pimco Income Correlations

PIPNX Fund

USD 10.59 0.04 0.38%

The current 90-days correlation between Pimco Income and Ultra Short Fixed Income is 0.12 (i.e., Average diversification). The correlation of Pimco Income 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 Income Correlation With Market

Average diversification

The correlation between Pimco Income Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Income Fund 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 Fund. 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

0.98	PONAX	Pimco Income	Pair Corr
0.97	PONCX	Pimco Income	Pair Corr
0.98	PONRX	Pimco Income	Pair Corr
0.88	PONPX	Pimco Incme Fund	Pair Corr
0.98	PIINX	Pimco Income	Pair Corr
0.77	PIMIX	Pimco Income	Pair Corr
0.62	GAAKX	Gmo Alternative Allo	Pair Corr
0.65	GAAGX	Gmo Alternative Allo	Pair Corr
0.77	GPBFX	Gmo E Plus	Pair Corr
0.63	ANBIX	Ab Bond Inflation	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr

Moving against Pimco Mutual Fund

0.43	WMT	Walmart Aggressive Push	Pair Corr
0.32	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	SWSFX	TRSHX	AVGNX	VMSSX	CMGUX	DULTX
SWSFX		0.82	0.86	0.74	0.82	0.8	SWSFX
TRSHX	0.82		0.97	0.68	0.95	0.96	TRSHX
AVGNX	0.86	0.97		0.73	0.94	0.96	AVGNX
VMSSX	0.74	0.68	0.73		0.67	0.71	VMSSX
CMGUX	0.82	0.95	0.94	0.67		0.95	CMGUX
DULTX	0.8	0.96	0.96	0.71	0.95		DULTX
	SWSFX	TRSHX	AVGNX	VMSSX	CMGUX	DULTX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Income 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 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SWSFX	0.05	0.00	0.86	0.00	(0.14)	0.10	(0.10)	0.58
TRSHX	0.11	0.02	0.82	(2.37)	(0.17)	0.31	(0.21)	0.84
AVGNX	0.11	0.02	1.12	(1.89)	(0.19)	0.31	(0.11)	0.84
VMSSX	0.13	0.01	0.42	1.79	(0.31)	0.44	(0.22)	1.33
CMGUX	0.04	0.01	0.00	(4.99)	0.00	0.11	(0.11)	0.54
DULTX	0.05	0.01	1.23	(5.25)	(0.24)	0.30	(0.10)	0.61

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