Pimco Small Correlations

PCKCX Fund

USD 6.90 0.25 3.76%

The current 90-days correlation between Pimco Small Cap and Fanisx is 0.08 (i.e., Significant diversification). The correlation of Pimco Small 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 Small Correlation With Market

Almost no diversification

The correlation between Pimco Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Small Cap 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 Small Cap. 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 private.

Moving together with Pimco Mutual Fund

0.86	PFCJX	Pimco Preferred And	Pair Corr
0.84	PFATX	Pimco Fundamental	Pair Corr
0.88	PFANX	Pimco Capital Sec	Pair Corr
0.89	PFIAX	Pimco Floating Income	Pair Corr
0.88	PFIIX	Pimco Floating Income	Pair Corr
0.87	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.88	PFINX	Pimco Capital Sec	Pair Corr
0.67	PFMIX	Municipal Bond	Pair Corr
0.89	PFNCX	Pimco Floating Income	Pair Corr
0.88	PFNNX	Pimco Preferred And	Pair Corr
0.89	PFNIX	Pimco Low Duration	Pair Corr
0.87	PFNUX	Pimco Dynamic Bond	Pair Corr
0.7	PFRCX	Foreign Bond	Pair Corr
0.86	PFRMX	Pimco Inflation Response	Pair Corr
0.88	PFPNX	Pimco Capital Sec	Pair Corr
0.86	PFTCX	Short Term Fund	Pair Corr
0.89	PFTPX	Pimco Floating Income	Pair Corr
0.85	PFSIX	Pimco Emerging Markets	Pair Corr
0.73	PFUUX	Pimco Foreign Bond	Pair Corr
0.72	PFUAX	Foreign Bond	Pair Corr
0.73	PFUIX	Foreign Bond	Pair Corr
0.73	PFUNX	Pimco International Bond	Pair Corr
0.73	PFUPX	Pimco Foreign Bond	Pair Corr
0.91	PGAPX	Pimco Global Multi	Pair Corr
0.92	PXTIX	Fundamental Indexplus	Pair Corr
0.92	PXTNX	Pimco Rae Plus	Pair Corr
0.86	PGBIX	Global Bond Fund	Pair Corr

Moving against Pimco Mutual Fund

0.43	PFGCX	Long Term Government	Pair Corr
0.4	PFGAX	Long Term Government	Pair Corr
0.6	PGOVX	Long Term Government	Pair Corr

Related Correlations Analysis

	MFTFX	OPTCX	TWBIX	IAADX	LMUSX	FKORQX	ABVCX	FANISX
MFTFX		0.91	0.69	0.97	0.89	-0.83	0.94	-0.63	MFTFX
OPTCX	0.91		0.8	0.89	0.93	-0.71	0.93	-0.63	OPTCX
TWBIX	0.69	0.8		0.61	0.81	-0.45	0.64	-0.3	TWBIX
IAADX	0.97	0.89	0.61		0.83	-0.85	0.94	-0.67	IAADX
LMUSX	0.89	0.93	0.81	0.83		-0.59	0.91	-0.57	LMUSX
FKORQX	-0.83	-0.71	-0.45	-0.85	-0.59		-0.77	0.56	FKORQX
ABVCX	0.94	0.93	0.64	0.94	0.91	-0.77		-0.69	ABVCX
FANISX	-0.63	-0.63	-0.3	-0.67	-0.57	0.56	-0.69		FANISX
	MFTFX	OPTCX	TWBIX	IAADX	LMUSX	FKORQX	ABVCX	FANISX

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

IAADX	+ 0.97	MFTFX
ABVCX	+ 0.94	MFTFX
ABVCX	+ 0.94	IAADX
LMUSX	+ 0.93	OPTCX
ABVCX	+ 0.93	OPTCX
OPTCX	+ 0.91	MFTFX

High negative correlations

FKORQX	- 0.85	IAADX
FKORQX	- 0.83	MFTFX
ABVCX	- 0.77	FKORQX
FKORQX	- 0.71	OPTCX
FANISX	- 0.69	ABVCX
FANISX	- 0.67	IAADX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Small 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 Small'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
MFTFX	1.09	0.18	0.11	0.27	1.28	(1.16)	2.06	(2.15)	6.76
OPTCX	0.14	0.00	(0.29)	0.10	0.00	(0.20)	0.30	(0.30)	1.00
TWBIX	0.35	(0.04)	(0.15)	0.00	0.48	(0.36)	0.76	(0.75)	2.41
IAADX	0.15	0.05	(0.09)	0.55	0.00	(0.21)	0.42	(0.21)	1.03
LMUSX	0.65	0.02	0.00	0.10	0.76	(0.68)	1.56	(1.35)	4.94
FKORQX	0.06	(0.04)	0.00	2.14	0.00	0.00	0.03	(0.02)	2.22
ABVCX	0.76	0.23	0.32	0.30	0.16	(0.98)	1.65	(1.12)	10.97
FANISX	0.20	(0.02)	0.00	(0.25)	0.00	0.00	0.34	(0.43)	1.23

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