Pimco International Correlations

PTSIX Fund

USD 8.22 0.12 1.48%

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

Modest diversification

The correlation between Pimco International Fundamenta and DJI is 0.25 (i.e., Modest 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

0.84	DOXFX	Dodge Cox International	Pair Corr
0.85	OANIX	Oakmark International	Pair Corr
0.85	OAYIX	Oakmark International	Pair Corr
0.85	OAZIX	Oakmark International	Pair Corr
0.83	FINVX	Fidelity Series Inte	Pair Corr
0.81	VTRIX	Vanguard International	Pair Corr
0.85	RRIGX	T Rowe Price	Pair Corr
0.79	ERH	Allspring Utilities And	Pair Corr
0.8	WHIYX	Ivy High Income	Pair Corr
0.8	IVHIX	Ivy High Income	Pair Corr
0.81	IHIFX	Ivy High Income	Pair Corr
0.79	WRHIX	Ivy High Income	Pair Corr
0.81	WHIAX	Ivy High Income	Pair Corr
0.75	FDEGX	Fidelity Growth Stra	Pair Corr

Moving against Pimco Mutual Fund

0.5	MCD	McDonalds	Pair Corr
0.44	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	TLSHX	PGFCX	PGBAX	XACVX	LIGFX	VDSCX
TLSHX		0.99	0.98	0.99	0.98	0.99	TLSHX
PGFCX	0.99		0.99	0.98	0.98	0.98	PGFCX
PGBAX	0.98	0.99		0.97	0.98	0.97	PGBAX
XACVX	0.99	0.98	0.97		0.97	0.99	XACVX
LIGFX	0.98	0.98	0.98	0.97		0.97	LIGFX
VDSCX	0.99	0.98	0.97	0.99	0.97		VDSCX
	TLSHX	PGFCX	PGBAX	XACVX	LIGFX	VDSCX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TLSHX	0.25	0.12	(0.25)	(2.80)	0.00	(0.31)	0.82	(0.45)	1.75
PGFCX	0.22	0.09	(0.27)	(1.83)	0.11	(0.28)	0.58	(0.47)	1.86
PGBAX	0.13	0.04	(0.76)	(4.62)	0.00	(0.17)	0.34	(0.25)	0.77
XACVX	0.58	0.27	0.06	(3.44)	0.32	(0.66)	1.55	(1.08)	3.71
LIGFX	0.24	0.03	(0.32)	0.31	0.00	(0.29)	0.67	(0.42)	1.63
VDSCX	0.63	0.35	0.10	(1.22)	0.32	(0.74)	2.05	(0.88)	4.77

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