Pimco Commoditiesplus Correlations

PCPCX Fund

USD 5.27 0.01 0.19%

The current 90-days correlation between Pimco Commoditiesplus and Barings Active Short is -0.08 (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

Good diversification

The correlation between Pimco Moditiesplus Strategy and DJI is -0.02 (i.e., Good 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 main economic indicators.

Moving together with Pimco Mutual Fund

0.74	PDI	Pimco Dynamic Income	Pair Corr
0.68	PIPAX	Pimco International	Pair Corr
1.0	PCLPX	Pimco Commoditiesplus	Pair Corr
0.87	PCLAX	Pimco Commoditiesplus	Pair Corr
0.89	PCRIX	Commodityrealreturn	Pair Corr
0.84	PCRRX	Commodityrealreturn	Pair Corr
0.89	PCRPX	Pimco Modityrealreturn	Pair Corr
0.89	PCSRX	Commodityrealreturn	Pair Corr
0.89	PCRAX	Commodityrealreturn	Pair Corr
0.88	PCRCX	Commodityrealreturn	Pair Corr
0.84	PCRNX	Pimco Commodityrealret	Pair Corr
1.0	PCLNX	Pimco Commoditiesplus	Pair Corr

Moving against Pimco Mutual Fund

0.62	PQTAX	Pimco Trends Managed	Pair Corr
0.62	PQTIX	Aa Pimco Tr	Pair Corr
0.51	PQTNX	Pimco Trends Managed	Pair Corr
0.32	PAGNX	Gnma Fund A	Pair Corr

Related Correlations Analysis

	BXDYX	PATFX	BSGAX	PACEX	ARTFX	USCBX	MDMTX	NBMAX
BXDYX		0.43	0.84	0.78	0.9	0.28	-0.2	0.28	BXDYX
PATFX	0.43		0.69	0.54	0.2	0.9	0.7	0.94	PATFX
BSGAX	0.84	0.69		0.67	0.58	0.55	0.22	0.64	BSGAX
PACEX	0.78	0.54	0.67		0.73	0.31	0.01	0.32	PACEX
ARTFX	0.9	0.2	0.58	0.73		0.11	-0.38	0.02	ARTFX
USCBX	0.28	0.9	0.55	0.31	0.11		0.75	0.94	USCBX
MDMTX	-0.2	0.7	0.22	0.01	-0.38	0.75		0.81	MDMTX
NBMAX	0.28	0.94	0.64	0.32	0.02	0.94	0.81		NBMAX
	BXDYX	PATFX	BSGAX	PACEX	ARTFX	USCBX	MDMTX	NBMAX

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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

NBMAX	+ 0.94	PATFX
NBMAX	+ 0.94	USCBX
ARTFX	+ 0.9	BXDYX
USCBX	+ 0.9	PATFX
BSGAX	+ 0.84	BXDYX
NBMAX	+ 0.81	MDMTX

High negative correlations

MDMTX	- 0.38	ARTFX
MDMTX	- 0.2	BXDYX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDYX	0.10	0.01	(0.77)	(0.47)	0.00	(0.16)	0.33	(0.11)	0.66
PATFX	0.15	0.02	(0.27)	(0.04)	0.23	(0.25)	0.44	(0.35)	1.69
BSGAX	0.09	0.00	(0.76)	(0.12)	0.00	(0.16)	0.24	(0.12)	0.72
PACEX	0.12	0.00	(0.72)	0.33	0.00	(0.22)	0.32	(0.22)	0.97
ARTFX	0.12	0.04	(0.60)	(1.12)	0.00	(0.20)	0.33	(0.22)	1.01
USCBX	0.15	0.02	(0.27)	(0.04)	0.23	(0.23)	0.39	(0.29)	1.74
MDMTX	0.16	(0.01)	(0.33)	(0.23)	0.25	(0.23)	0.38	(0.56)	1.33
NBMAX	0.13	0.01	(0.36)	(0.02)	0.17	(0.22)	0.32	(0.32)	1.29

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