Pimco Income Correlations

Mutual Funds . USA . 
Fund . Pimco Income Fund
PONCX Fund  USD 10.69  0.02  0.19%   
The current 90-days correlation between Pimco Income and Ab All Market is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Pimco Income Fund and DJI is 0.23 (i.e., Modest 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 main economic indicators.

Moving together with Pimco Mutual Fund

  0.96PFBPX Pimco Foreign BondPairCorr
  0.91PFCJX Pimco Preferred AndPairCorr
  0.91PFANX Pimco Capital SecPairCorr
  0.78PFIAX Pimco Floating IncomePairCorr
  0.78PFIIX Pimco Floating IncomePairCorr
  0.8PFIUX Pimco Unconstrained BondPairCorr
  0.75PFINX Pimco Capital SecPairCorr
  0.79PFNCX Pimco Floating IncomePairCorr
  0.96PFONX Pimco International BondPairCorr
  0.96PFORX Pimco Foreign BondPairCorr
  0.75PFNNX Pimco Preferred AndPairCorr
  0.75PFNIX Pimco Low DurationPairCorr
  0.8PFNUX Pimco Dynamic BondPairCorr
  0.96PFOAX Pimco Foreign BondPairCorr
  0.95PFOCX Pimco Foreign BondPairCorr
  0.79PFRCX Foreign BondPairCorr
  0.83PFRAX Pimco Foreign BondPairCorr
  0.93PFRMX Pimco Inflation ResponsePairCorr
  0.91PFPNX Pimco Capital SecPairCorr
  0.7PFTCX Short Term FundPairCorr
  0.78PFTPX Pimco Floating IncomePairCorr
  0.81PFRRX Pimco Foreign BondPairCorr
  0.93PFSIX Pimco Emerging MarketsPairCorr
  0.8PFUUX Pimco Foreign BondPairCorr
  0.8PFUAX Foreign BondPairCorr
  0.8PFUIX Foreign BondPairCorr
  0.8PFUNX Pimco International BondPairCorr
  0.8PFUPX Pimco Foreign BondPairCorr
  0.86PGAPX Pimco Global MultiPairCorr
  0.86PXTIX Fundamental IndexplusPairCorr
  0.99PGBIX Global Bond FundPairCorr
  0.99PGCAX Investment Grade PoratePairCorr

Moving against Pimco Mutual Fund

  0.81PWLBX Pimco Rae WorldwidePairCorr
  0.51PWLEX Pimco Rae WorldwidePairCorr
  0.44PWLMX Pimco Rae WorldwidePairCorr
  0.43PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY