Pimco Strategic Correlations

RCS Fund

USD 7.02 0.03 0.43%

The current 90-days correlation between Pimco Strategic Income and Dreyfus Government Cash is 0.26 (i.e., Modest diversification). The correlation of Pimco Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Pimco Strategic Income and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Strategic Income 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 Strategic Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Pimco Fund

0.88	TDF	Templeton Dragon Closed	Pair Corr
0.96	TWN	Taiwan Closed	Pair Corr
0.83	PHK	Pimco High Income	Pair Corr
0.85	PEO	Adams Natural Resources	Pair Corr
0.91	NCV	Allianzgi Convertible	Pair Corr
0.89	ERH	Allspring Utilities And	Pair Corr
0.91	NCZ	Allianzgi Convertible	Pair Corr
0.8	VVR	Invesco Senior Income	Pair Corr
0.85	AISTX	Limited Duration	Pair Corr
0.76	AXP	American Express	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.66	BA	Boeing	Pair Corr
0.64	INTC	Intel	Pair Corr
0.78	GE	GE Aerospace	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.75	MMM	3M Company	Pair Corr
0.81	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	DVPXX	DNCGX	SNGYX	BIGLX	RFBAX	DPIGX
DVPXX		0.37	0.21	0.12	0.49	0.38	DVPXX
DNCGX	0.37		0.96	0.88	0.91	0.93	DNCGX
SNGYX	0.21	0.96		0.94	0.85	0.92	SNGYX
BIGLX	0.12	0.88	0.94		0.8	0.83	BIGLX
RFBAX	0.49	0.91	0.85	0.8		0.93	RFBAX
DPIGX	0.38	0.93	0.92	0.83	0.93		DPIGX
	DVPXX	DNCGX	SNGYX	BIGLX	RFBAX	DPIGX

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Risk-Adjusted Indicators

There is a big difference between Pimco Fund performing well and Pimco Strategic 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 Strategic'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
DVPXX	0.03	0.00	0.00	0.82	0.00	0.00	0.00	0.00	1.01
DNCGX	0.22	0.01	(0.28)	0.32	0.23	(0.25)	0.41	(0.41)	1.39
SNGYX	0.20	0.00	(0.34)	(0.01)	0.22	(0.25)	0.39	(0.49)	1.18
BIGLX	0.32	0.01	(0.21)	3.29	0.36	(0.36)	0.67	(0.67)	1.68
RFBAX	0.08	0.00	(0.52)	(0.84)	0.04	(0.23)	0.20	(0.20)	0.59
DPIGX	0.09	0.00	(0.62)	(0.09)	0.05	(0.13)	0.21	(0.21)	0.53

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Pimco Strategic Correlations

Pimco Strategic Correlation With Market

Average diversification

Moving together with Pimco Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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