Commodityrealreturn Correlations

PCRIX Fund

USD 15.71 0.23 1.49%

The current 90-days correlation between Commodityrealreturn and Prudential Utility Fund is 0.13 (i.e., Average diversification). The correlation of Commodityrealreturn 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.

Commodityrealreturn Correlation With Market

Poor diversification

The correlation between Commodityrealreturn Strategy F and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commodityrealreturn Strategy F 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 Commodityrealreturn Strategy Fund. 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 Commodityrealreturn Mutual Fund

0.66	PWLEX	Pimco Rae Worldwide	Pair Corr
0.68	PWLMX	Pimco Rae Worldwide	Pair Corr
0.85	PFANX	Pimco Capital Sec	Pair Corr
0.87	PFINX	Pimco Capital Sec	Pair Corr
0.93	PFRMX	Pimco Inflation Response	Pair Corr
0.86	PFPNX	Pimco Capital Sec	Pair Corr
0.78	PXTIX	Fundamental Indexplus	Pair Corr
0.83	PHIYX	High Yield Fund	Pair Corr
0.67	PDI	Pimco Dynamic Income	Pair Corr
0.85	PZCRX	Pimco Credit Absolute	Pair Corr
0.84	PHSAX	Pimco High Yield	Pair Corr
0.83	PHYAX	High Yield Fund	Pair Corr
0.87	PIPAX	Pimco International	Pair Corr
0.87	PISIX	Pimco International Potential Growth	Pair Corr
0.77	PIXAX	Fundamental Indexplus	Pair Corr
0.81	PMJIX	Pimco Rae Fundamental	Pair Corr
0.66	PNYAX	New York Municipal	Pair Corr
0.81	PONCX	Pimco Income	Pair Corr
0.92	PQTAX	Pimco Trends Managed	Pair Corr
0.92	PQTIX	Aa Pimco Tr	Pair Corr
0.83	PRBMX	Pimco Realpath Blend	Pair Corr
0.8	PAIPX	Pimco Short Asset	Pair Corr
0.8	PAIQX	Pimco Short Asset	Pair Corr
0.8	PAMSX	Pimco Short Asset	Pair Corr
0.93	PALPX	Pimco All Asset	Pair Corr
0.8	PSCSX	Pimco Small Cap	Pair Corr
0.69	PSPTX	Stocksplus Total Return	Pair Corr
0.76	PSTKX	Stocksplus Fund Inst	Pair Corr
0.83	PSRIX	Pimco Senior Floating	Pair Corr
0.77	PTLDX	Low Duration	Pair Corr
0.68	PTOAX	Stocksplus Total Return	Pair Corr
0.68	PTTRX	Total Return	Pair Corr
0.84	PTSHX	Short Term Fund	Pair Corr

Moving against Commodityrealreturn Mutual Fund

0.36

PSSCX

Pimco Stocksplus

Pair Corr

Related Correlations Analysis

	PCRAX	PISIX	PIPAX	MDLRX	FTXNX	JPYRX	JPBRX	RRTAX	FSCIX	PRUAX
PCRAX		0.87	0.87	0.72	0.66	0.83	0.83	0.84	0.88	0.6	PCRAX
PISIX	0.87		1.0	0.87	0.72	0.94	0.94	0.94	0.91	0.7	PISIX
PIPAX	0.87	1.0		0.87	0.72	0.93	0.93	0.94	0.91	0.71	PIPAX
MDLRX	0.72	0.87	0.87		0.7	0.9	0.9	0.9	0.88	0.58	MDLRX
FTXNX	0.66	0.72	0.72	0.7		0.87	0.87	0.72	0.81	0.49	FTXNX
JPYRX	0.83	0.94	0.93	0.9	0.87		1.0	0.93	0.94	0.69	JPYRX
JPBRX	0.83	0.94	0.93	0.9	0.87	1.0		0.93	0.94	0.69	JPBRX
RRTAX	0.84	0.94	0.94	0.9	0.72	0.93	0.93		0.88	0.84	RRTAX
FSCIX	0.88	0.91	0.91	0.88	0.81	0.94	0.94	0.88		0.57	FSCIX
PRUAX	0.6	0.7	0.71	0.58	0.49	0.69	0.69	0.84	0.57		PRUAX
	PCRAX	PISIX	PIPAX	MDLRX	FTXNX	JPYRX	JPBRX	RRTAX	FSCIX	PRUAX

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Risk-Adjusted Indicators

There is a big difference between Commodityrealreturn Mutual Fund performing well and Commodityrealreturn 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 Commodityrealreturn'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
PCRAX	0.74	0.12	0.08	0.46	0.74	(0.85)	1.67	(1.49)	3.68
PISIX	0.45	0.06	0.03	0.19	0.54	(0.51)	1.05	(0.75)	3.30
PIPAX	0.44	0.06	0.03	0.19	0.50	(0.51)	1.06	(0.72)	3.21
MDLRX	0.62	0.08	0.07	0.17	0.72	(0.65)	1.28	(1.15)	5.93
FTXNX	1.29	(0.01)	0.01	0.06	1.84	(1.24)	2.55	(2.97)	7.72
JPYRX	0.37	0.01	(0.04)	0.08	0.44	(0.39)	0.81	(0.82)	2.23
JPBRX	0.38	0.01	(0.04)	0.08	0.43	(0.39)	0.81	(0.77)	2.16
RRTAX	0.29	0.05	0.01	0.19	0.00	(0.36)	0.60	(0.53)	3.84
FSCIX	0.82	0.09	0.08	0.15	0.87	(0.86)	1.73	(1.46)	4.21
PRUAX	0.83	0.00	(0.03)	0.07	0.97	(0.91)	1.51	(1.61)	11.15

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