Pimco California Correlations
| PCK Fund | USD 5.85 0.01 0.17% |
The current 90-days correlation between Pimco California Mun and Pimco California Municipal is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco California Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pimco California Correlation With Market
Good diversification
The correlation between Pimco California Municipal and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco California Municipal and DJI in the same portfolio, assuming nothing else is changed.
Pimco |
Moving together with Pimco OTC Fund
| 0.83 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.64 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.64 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.63 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Pimco OTC Fund
| 0.72 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.41 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.37 | DIS | Walt Disney Aggressive Push | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Pimco OTC Fund performing well and Pimco California OTC 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 California'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCQ | 0.46 | 0.01 | (0.19) | 0.05 | 0.58 | 1.04 | 2.76 | |||
| NKX | 0.56 | (0.03) | 0.00 | (5.12) | 0.00 | 1.01 | 4.62 | |||
| EVM | 0.35 | (0.02) | 0.00 | 0.83 | 0.00 | 0.76 | 2.24 | |||
| VCV | 0.53 | (0.03) | 0.00 | 0.76 | 0.00 | 0.95 | 3.87 | |||
| PZC | 0.46 | (0.01) | 0.00 | 0.23 | 0.00 | 0.69 | 3.28 | |||
| PMX | 0.65 | (0.03) | 0.00 | (0.79) | 0.00 | 1.51 | 5.78 | |||
| MCR | 0.34 | (0.03) | (0.27) | (0.02) | 0.41 | 0.65 | 1.88 | |||
| MUC | 0.33 | (0.01) | 0.00 | 1.49 | 0.00 | 0.72 | 2.04 | |||
| PAI | 0.46 | 0.00 | (0.15) | 0.14 | 0.65 | 1.02 | 3.42 | |||
| NQP | 0.38 | (0.04) | 0.00 | 2.91 | 0.00 | 0.73 | 2.12 |
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