Pimco Funds Correlations

AMGXX Fund

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The correlation of Pimco Funds 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pimco Funds . Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	MFTFX	HIPAX	CSQIX	APISX	AQMNX	ABNOX	LIFIX	ANBIX
MFTFX		0.29	0.76	0.65	0.9	0.44	0.69	0.43	MFTFX
HIPAX	0.29		0.66	0.77	0.15	0.96	0.71	0.97	HIPAX
CSQIX	0.76	0.66		0.9	0.74	0.79	0.9	0.78	CSQIX
APISX	0.65	0.77	0.9		0.6	0.9	0.97	0.9	APISX
AQMNX	0.9	0.15	0.74	0.6		0.33	0.67	0.33	AQMNX
ABNOX	0.44	0.96	0.79	0.9	0.33		0.84	1.0	ABNOX
LIFIX	0.69	0.71	0.9	0.97	0.67	0.84		0.84	LIFIX
ANBIX	0.43	0.97	0.78	0.9	0.33	1.0	0.84		ANBIX
	MFTFX	HIPAX	CSQIX	APISX	AQMNX	ABNOX	LIFIX	ANBIX

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Risk-Adjusted Indicators

There is a big difference between Pimco Money Market Fund performing well and Pimco Funds Money Market 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 Funds' 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
MFTFX	1.07	0.15	0.09	(0.73)	1.41	(1.11)	1.97	(2.28)	5.07
HIPAX	0.14	0.00	(0.01)	(0.01)	0.12	(0.19)	0.30	(0.30)	0.81
CSQIX	0.26	0.05	0.15	0.70	0.15	(0.34)	0.60	(0.37)	1.60
APISX	0.10	0.01	0.07	0.33	0.00	(0.14)	0.19	(0.19)	0.58
AQMNX	0.45	0.10	0.13	(0.49)	0.61	(0.48)	0.97	(0.94)	2.89
ABNOX	0.14	0.01	0.02	0.10	0.11	(0.18)	0.30	(0.30)	0.89
LIFIX	0.12	0.01	0.08	0.38	0.00	(0.18)	0.26	(0.17)	0.78
ANBIX	0.14	0.01	0.02	0.10	0.11	(0.19)	0.30	(0.29)	0.98

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Pimco Funds Correlations

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