Pimco International Correlations

PTSIX Fund  USD 8.01  0.02  0.25%   
The current 90-days correlation between Pimco International and Pimco Rae Worldwide is 0.31 (i.e., Weak diversification). The correlation of Pimco International 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 International Correlation With Market

Good diversification

The correlation between Pimco International Fundamenta and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco International Fundamenta 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 International Fundamental. 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 gross domestic product.

Moving together with Pimco Mutual Fund

  0.83PFBPX Pimco Foreign BondPairCorr
  0.97PFCJX Pimco Preferred AndPairCorr
  0.97PFANX Pimco Capital SecPairCorr
  0.92PFIAX Pimco Floating IncomePairCorr
  0.91PFIIX Pimco Floating IncomePairCorr
  0.88PFIUX Pimco Unconstrained BondPairCorr
  0.96PFINX Pimco Capital SecPairCorr
  0.92PFNCX Pimco Floating IncomePairCorr
  0.83PFONX Pimco International BondPairCorr
  0.81PFORX Pimco Foreign BondPairCorr
  0.96PFNNX Pimco Preferred AndPairCorr
  0.92PFNIX Pimco Low DurationPairCorr
  0.89PFNUX Pimco Dynamic BondPairCorr
  0.81PFOAX Pimco Foreign BondPairCorr
  0.79PFOCX Pimco Foreign BondPairCorr
  0.68PFRCX Foreign BondPairCorr
  0.79PFRAX Pimco Foreign BondPairCorr
  0.91PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.94PFTCX Short Term FundPairCorr
  0.92PFTPX Pimco Floating IncomePairCorr
  0.78PFRRX Pimco Foreign BondPairCorr
  0.95PFSIX Pimco Emerging MarketsPairCorr
  0.71PFUUX Pimco Foreign BondPairCorr
  0.73PFUAX Foreign BondPairCorr
  0.71PFUIX Foreign BondPairCorr
  0.71PFUNX Pimco International BondPairCorr
  0.71PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.96PXTIX Fundamental IndexplusPairCorr
  0.96PXTNX Pimco Rae PlusPairCorr
  0.87PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.75PWLBX Pimco Rae WorldwidePairCorr
  0.61PWLEX Pimco Rae WorldwidePairCorr
  0.54PWLMX Pimco Rae WorldwidePairCorr
  0.53PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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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   
PFANXPFCJX
PWLIXPWLEX
PWLIXPWLMX
PWLMXPWLEX
PFCJXPFBPX
PFANXPFBPX
  
High negative correlations   
PFANXPWLBX
PFCJXPWLBX
PFBPXPWLBX
PFANXPWLEX
PFCJXPWLEX
PFANXPWLMX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.38 (0.02) 0.00  0.56  0.00 
 0.79 
 2.43 
PWLBX  0.44 (0.08) 0.00 (1.17) 0.00 
 0.77 
 4.30 
PWLMX  0.37 (0.01) 0.00  0.31  0.00 
 0.79 
 2.40 
PWLIX  0.40 (0.01) 0.00  0.34  0.00 
 0.79 
 2.54 
PFBPX  0.14  0.02 (0.59)(2.03) 0.00 
 0.41 
 0.81 
PFCJX  0.13  0.07 (0.43)(3.27) 0.00 
 0.33 
 0.89 
PFATX  0.35  0.01 (0.23) 0.01  0.45 
 0.78 
 2.84 
PFANX  0.13  0.07 (0.39)(3.02) 0.00 
 0.33 
 1.11 
PFGAX  0.61 (0.02) 0.00 (1.17) 0.00 
 1.11 
 2.89 
PFGCX  0.63 (0.05) 0.00 (0.04) 0.00 
 1.11 
 2.88