Pimco Income Correlations

PONAX Fund

USD 10.96 0.01 0.09%

The current 90-days correlation between Pimco Income and T Rowe Price is 0.02 (i.e., Significant 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 0.12 (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 various price indices.

Moving together with Pimco Mutual Fund

1.0	PONCX	Pimco Income	Pair Corr
1.0	PIPNX	Pimco Income	Pair Corr
1.0	PONRX	Pimco Income	Pair Corr
1.0	PONPX	Pimco Incme Fund	Pair Corr
1.0	PIINX	Pimco Income	Pair Corr
1.0	PIMIX	Pimco Income	Pair Corr
0.77	LBNDX	Lord Abbett Bond	Pair Corr
0.87	FSTAX	Fidelity Advisor Str	Pair Corr
0.88	FSRIX	Fidelity Advisor Str	Pair Corr
0.93	GPICX	Guidepath Conservative	Pair Corr
0.86	FPXIX	Fidelity Advisor 529	Pair Corr
0.75	IBM	International Business	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.78	AXP	American Express	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.67	INTC	Intel Aggressive Push	Pair Corr

Moving against Pimco Mutual Fund

0.78	T	ATT Inc	Pair Corr
0.68	BA	Boeing	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.51	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.45	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	TRLGX	LMISX	LMTIX	LBISX	KCGSX	FLRAX
TRLGX		0.93	0.93	0.44	0.97	0.96	TRLGX
LMISX	0.93		1.0	0.67	0.97	0.96	LMISX
LMTIX	0.93	1.0		0.67	0.97	0.96	LMTIX
LBISX	0.44	0.67	0.67		0.53	0.61	LBISX
KCGSX	0.97	0.97	0.97	0.53		0.97	KCGSX
FLRAX	0.96	0.96	0.96	0.61	0.97		FLRAX
	TRLGX	LMISX	LMTIX	LBISX	KCGSX	FLRAX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRLGX	0.75	0.03	0.03	0.05	1.08	(0.72)	1.61	(1.69)	4.58
LMISX	0.56	0.05	0.05	0.07	0.78	(0.51)	1.26	(1.35)	3.60
LMTIX	0.56	0.05	0.05	0.07	0.78	(0.50)	1.26	(1.35)	3.64
LBISX	0.49	0.01	0.01	0.03	0.56	(0.55)	0.97	(1.06)	3.14
KCGSX	0.69	0.06	0.05	0.08	0.93	(0.68)	1.60	(1.46)	3.99
FLRAX	0.57	0.01	0.01	0.03	0.92	(0.50)	1.16	(1.31)	3.70

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC