Pimco Commoditiesplus Correlations

Mutual Funds . USA . 
Fund . Pimco Moditiesplus Strategy
PCLIX Fund  USD 7.44  0.02  0.27%   
The current 90-days correlation between Pimco Commoditiesplus and Long Term Government Fund is -0.13 (i.e., Good diversification). The correlation of Pimco Commoditiesplus 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 Commoditiesplus Correlation With Market

Poor diversification

The correlation between Pimco Moditiesplus Strategy and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Moditiesplus Strategy 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 Moditiesplus Strategy. 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 gross domestic product.

Moving together with Pimco Mutual Fund

  0.79PWLEX Pimco Rae WorldwidePairCorr
  0.64PWLBX Pimco Rae WorldwidePairCorr
  0.8PWLMX Pimco Rae WorldwidePairCorr
  0.8PWLIX Pimco Rae WorldwidePairCorr
  0.84PFBPX Pimco Foreign BondPairCorr
  0.92PFCJX Pimco Preferred AndPairCorr
  0.8PFATX Pimco FundamentalPairCorr
  0.92PFANX Pimco Capital SecPairCorr
  0.88PFIAX Pimco Floating IncomePairCorr
  0.88PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.84PFMIX Municipal BondPairCorr
  0.88PFNCX Pimco Floating IncomePairCorr
  0.84PFONX Pimco International BondPairCorr
  0.84PFORX Pimco Foreign BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.88PFNIX Pimco Low DurationPairCorr
  0.87PFNUX Pimco Dynamic BondPairCorr
  0.83PFOAX Pimco Foreign BondPairCorr
  0.81PFOCX Pimco Foreign BondPairCorr
  0.86PFRCX Foreign BondPairCorr
  0.83PFRAX Pimco Foreign BondPairCorr
  0.96PFRMX Pimco Inflation ResponsePairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.88PFTCX Short Term FundPairCorr
  0.88PFTPX Pimco Floating IncomePairCorr
  0.83PFRRX Pimco Foreign BondPairCorr
  0.92PFSIX Pimco Emerging MarketsPairCorr
  0.88PFUUX Pimco Foreign BondPairCorr
  0.87PFUAX Foreign BondPairCorr
  0.88PFUIX Foreign BondPairCorr
  0.88PFUNX Pimco International BondPairCorr
  0.88PFUPX Pimco Foreign BondPairCorr
  0.94PGAPX Pimco Global MultiPairCorr
  0.82PXTIX Fundamental IndexplusPairCorr
  0.81PXTNX Pimco Rae PlusPairCorr
  0.85PGBIX Global Bond FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Commoditiesplus 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 Commoditiesplus' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.37  0.12  0.07 (1.90) 0.11 
(0.50)
 0.94 
(0.55)
 2.23 
PWLBX  0.40  0.09  0.01 (1.41) 0.37 
(0.50)
 1.08 
(0.55)
 2.97 
PWLMX  0.37  0.12  0.08 (1.89) 0.08 
(0.49)
 1.01 
(0.63)
 2.33 
PWLIX  0.37  0.12  0.08 (2.04) 0.00 
(0.51)
 1.07 
(0.63)
 2.33 
PFBPX  0.10  0.01 (0.34) 0.24  0.00 
(0.15)
 0.20 
(0.20)
 0.71 
PFCJX  0.09  0.02 (0.29) 0.71  0.00 
(0.14)
 0.21 
(0.10)
 0.83 
PFATX  0.51  0.10  0.07  0.55  0.33 
(0.64)
 1.29 
(0.84)
 2.34 
PFANX  0.09  0.03 (0.29) 0.66  0.00 
(0.14)
 0.21 
(0.10)
 0.82 
PFGAX  0.36  0.03 (0.10) 0.69  0.39 
(0.41)
 0.72 
(0.71)
 1.72 
PFGCX  0.36  0.03 (0.10) 0.61  0.40 
(0.41)
 0.72 
(0.71)
 1.72 

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