PIMCO Enhanced Correlations

EMNT Etf

USD 98.81 0.04 0.04%

The current 90-days correlation between PIMCO Enhanced Short and Valued Advisers Trust is -0.03 (i.e., Good diversification). The correlation of PIMCO Enhanced 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 Enhanced Correlation With Market

Good diversification

The correlation between PIMCO Enhanced Short 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 Enhanced Short and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in PIMCO Enhanced Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with PIMCO Etf

1.0	BIL	SPDR Bloomberg 1	Pair Corr
1.0	SHV	iShares Short Treasury	Pair Corr
0.98	JPST	JPMorgan Ultra Short	Pair Corr
0.99	USFR	WisdomTree Floating Rate	Pair Corr
1.0	ICSH	iShares Ultra Short	Pair Corr
0.99	FTSM	First Trust Enhanced	Pair Corr
1.0	SGOV	iShares 0 3	Pair Corr
1.0	GBIL	Goldman Sachs Access	Pair Corr
0.99	TFLO	iShares Treasury Floating	Pair Corr
0.99	FLRN	SPDR Bloomberg Investment	Pair Corr
0.82	SHLD	Global X Funds	Pair Corr
0.63	DUKH	Ocean Park High	Pair Corr
0.87	WINN	Harbor Long Term	Pair Corr
0.93	WMT	Walmart Aggressive Push	Pair Corr
0.82	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.85	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.84	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against PIMCO Etf

0.91	FNGD	MicroSectors FANG Index	Pair Corr
0.73	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.41	LUX	Tema ETF Trust	Pair Corr
0.91	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.85	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.4	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MBSF	DIAL	IG	DMBS	VABS	VBND	MINT	VCRB	DUSB
MBSF		-0.51	-0.42	-0.58	0.75	-0.52	0.89	-0.56	0.86	MBSF
DIAL	-0.51		0.94	0.94	-0.04	0.94	-0.72	0.94	-0.68	DIAL
IG	-0.42	0.94		0.97	0.1	0.99	-0.65	0.97	-0.62	IG
DMBS	-0.58	0.94	0.97		-0.08	0.99	-0.79	0.99	-0.77	DMBS
VABS	0.75	-0.04	0.1	-0.08		-0.01	0.66	-0.05	0.64	VABS
VBND	-0.52	0.94	0.99	0.99	-0.01		-0.74	0.99	-0.71	VBND
MINT	0.89	-0.72	-0.65	-0.79	0.66	-0.74		-0.77	0.97	MINT
VCRB	-0.56	0.94	0.97	0.99	-0.05	0.99	-0.77		-0.74	VCRB
DUSB	0.86	-0.68	-0.62	-0.77	0.64	-0.71	0.97	-0.74		DUSB
	MBSF	DIAL	IG	DMBS	VABS	VBND	MINT	VCRB	DUSB

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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

VBND	+ 0.99	IG
VBND	+ 0.99	DMBS
VCRB	+ 0.99	DMBS
VCRB	+ 0.99	VBND
DMBS	+ 0.97	IG
VCRB	+ 0.97	IG

High negative correlations

MINT	- 0.79	DMBS
VCRB	- 0.77	MINT
DUSB	- 0.77	DMBS
DUSB	- 0.74	VCRB
MINT	- 0.74	VBND
MINT	- 0.72	DIAL

PIMCO Enhanced Constituents Risk-Adjusted Indicators

There is a big difference between PIMCO Etf performing well and PIMCO Enhanced ETF 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 Enhanced'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
MBSF	0.15	0.01	(0.54)	(0.15)	0.11	(0.18)	0.32	(0.35)	1.10
DIAL	0.23	(0.04)	0.00	(0.72)	0.00	0.00	0.50	(0.50)	1.54
IG	0.24	(0.02)	0.00	2.27	0.00	0.00	0.43	(0.61)	1.88
DMBS	0.23	(0.03)	0.00	0.79	0.00	0.00	0.39	(0.45)	1.24
VABS	0.08	0.01	(1.03)	(0.45)	0.00	(0.10)	0.17	(0.08)	0.54
VBND	0.22	(0.02)	0.00	0.49	0.00	0.00	0.37	(0.63)	1.59
MINT	0.02	0.01	(1.88)	7.24	0.00	(0.03)	0.06	(0.01)	0.24
VCRB	0.23	(0.02)	0.00	0.40	0.00	0.00	0.42	(0.53)	1.31
DUSB	0.03	0.00	(0.78)	0.56	0.00	(0.03)	0.06	(0.04)	0.51

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