Pimco Commoditiesplus Correlations

Mutual Funds . USA . 
Fund . Pimco Moditiesplus Strategy
PCPCX Fund  USD 5.82  0.04  0.69%   
The current 90-days correlation between Pimco Commoditiesplus and Long Term Government Fund is 0.01 (i.e., Significant 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 0.75 (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 services.

Moving together with Pimco Mutual Fund

  0.77PWLEX Pimco Rae WorldwidePairCorr
  0.78PWLMX Pimco Rae WorldwidePairCorr
  0.78PWLIX Pimco Rae WorldwidePairCorr
  0.82PFBPX Pimco Foreign BondPairCorr
  0.91PFCJX Pimco Preferred AndPairCorr
  0.79PFATX Pimco Fundamental Potential GrowthPairCorr
  0.92PFANX Pimco Capital SecPairCorr
  0.87PFIAX Pimco Floating IncomePairCorr
  0.87PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.91PFINX Pimco Capital SecPairCorr
  0.82PFMIX Municipal BondPairCorr
  0.87PFNCX Pimco Floating IncomePairCorr
  0.82PFONX Pimco International BondPairCorr
  0.83PFORX Pimco Foreign BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.86PFNIX Pimco Low DurationPairCorr
  0.87PFNUX Pimco Dynamic BondPairCorr
  0.81PFOAX Pimco Foreign BondPairCorr
  0.79PFOCX Pimco Foreign BondPairCorr
  0.83PFRCX Foreign BondPairCorr
  0.81PFRAX Pimco Foreign BondPairCorr
  0.96PFRMX Pimco Inflation ResponsePairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.87PFTCX Short Term FundPairCorr
  0.86PFTPX Pimco Floating IncomePairCorr
  0.81PFRRX Pimco Foreign BondPairCorr
  0.91PFSIX Pimco Emerging MarketsPairCorr
  0.87PFUUX Pimco Foreign BondPairCorr
  0.84PFUAX Foreign BondPairCorr
  0.87PFUIX Foreign BondPairCorr
  0.87PFUNX Pimco International BondPairCorr
  0.87PFUPX Pimco Foreign BondPairCorr
  0.93PGAPX Pimco Global MultiPairCorr
  0.8PXTIX Fundamental IndexplusPairCorr
  0.8PXTNX Pimco Rae PlusPairCorr
  0.84PGBIX 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  0.11  0.02 (10.60) 0.13 
(0.49)
 0.94 
(0.55)
 2.23 
PWLBX  0.39  0.09 (0.02)(1.74) 0.35 
(0.50)
 1.08 
(0.55)
 2.97 
PWLMX  0.37  0.11  0.03 (12.70) 0.09 
(0.49)
 1.07 
(0.63)
 2.33 
PWLIX  0.37  0.11  0.03 (59.50) 0.09 
(0.50)
 1.07 
(0.63)
 2.33 
PFBPX  0.10  0.01 (0.43) 0.26  0.00 
(0.15)
 0.20 
(0.20)
 0.71 
PFCJX  0.09  0.03 (0.38) 1.24  0.00 
(0.14)
 0.21 
(0.10)
 0.83 
PFATX  0.52  0.10  0.04  0.51  0.32 
(0.65)
 1.29 
(0.84)
 2.33 
PFANX  0.09  0.04 (0.36) 3.38  0.00 
(0.14)
 0.21 
(0.10)
 0.82 
PFGAX  0.35  0.01 (0.15) 0.14  0.40 
(0.40)
 0.72 
(0.71)
 1.72 
PFGCX  0.36  0.01 (0.15) 0.13  0.40 
(0.40)
 0.72 
(0.71)
 1.72 

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