Pimco Modityrealreturn Correlations

PCRPX Fund

USD 14.81 0.11 0.75%

The current 90-days correlation between Pimco Modityrealreturn and Goldman Sachs Clean is 0.22 (i.e., Modest diversification). The correlation of Pimco Modityrealreturn 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 Modityrealreturn Correlation With Market

Very weak diversification

The correlation between Pimco Modityrealreturn Strateg and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Modityrealreturn Strateg 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 Modityrealreturn 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

0.65	PFATX	Pimco Fundamental	Pair Corr
0.66	PFANX	Pimco Capital Sec	Pair Corr
0.81	PFIAX	Pimco Floating Income	Pair Corr
0.81	PFIIX	Pimco Floating Income	Pair Corr
0.79	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.81	PFNCX	Pimco Floating Income	Pair Corr
0.82	PFNIX	Pimco Low Duration	Pair Corr
0.79	PFNUX	Pimco Dynamic Bond	Pair Corr
0.74	PFRMX	Pimco Inflation Response	Pair Corr
0.79	PFTCX	Short Term Fund	Pair Corr
0.77	PGAPX	Pimco Global Multi	Pair Corr
0.61	PXTIX	Fundamental Indexplus	Pair Corr
0.64	PXTNX	Pimco Rae Plus	Pair Corr
0.76	PGBIX	Global Bond Fund	Pair Corr
0.77	PGAIX	Pimco Global Multi	Pair Corr
0.73	PGMAX	Pimco Global Multi	Pair Corr
0.72	PGMCX	Pimco Global Multi	Pair Corr
0.77	PHFNX	Pimco High Yield	Pair Corr
0.75	PHIYX	High Yield Fund	Pair Corr

Moving against Pimco Mutual Fund

0.54

PDI

Pimco Dynamic Income

Pair Corr

Related Correlations Analysis

	GCEBX	FEGOX	IIGCX	MXKJX	FGDIX	UNWPX	SPPIX
GCEBX		0.24	0.27	0.06	0.21	0.19	-0.32	GCEBX
FEGOX	0.24		1.0	0.49	0.99	0.97	-0.98	FEGOX
IIGCX	0.27	1.0		0.5	0.99	0.96	-0.97	IIGCX
MXKJX	0.06	0.49	0.5		0.49	0.42	-0.38	MXKJX
FGDIX	0.21	0.99	0.99	0.49		0.96	-0.97	FGDIX
UNWPX	0.19	0.97	0.96	0.42	0.96		-0.95	UNWPX
SPPIX	-0.32	-0.98	-0.97	-0.38	-0.97	-0.95		SPPIX
	GCEBX	FEGOX	IIGCX	MXKJX	FGDIX	UNWPX	SPPIX

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

IIGCX	+ 1.0	FEGOX
FGDIX	+ 0.99	FEGOX
FGDIX	+ 0.99	IIGCX
UNWPX	+ 0.97	FEGOX
UNWPX	+ 0.96	IIGCX
UNWPX	+ 0.96	FGDIX

High negative correlations

SPPIX	- 0.98	FEGOX
SPPIX	- 0.97	FGDIX
SPPIX	- 0.97	IIGCX
SPPIX	- 0.95	UNWPX
SPPIX	- 0.38	MXKJX
SPPIX	- 0.32	GCEBX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Modityrealreturn 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 Modityrealreturn'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
GCEBX	0.77	0.18	0.09	7.63	0.80	(0.91)	2.20	(0.99)	6.25
FEGOX	1.70	0.23	0.08	0.32	2.38	(1.83)	3.45	(3.65)	11.36
IIGCX	1.90	0.26	0.08	0.32	2.62	(1.82)	4.00	(4.41)	12.67
MXKJX	0.78	(0.09)	(0.05)	0.00	1.32	(0.77)	1.60	(1.38)	7.73
FGDIX	1.92	0.19	0.06	0.26	2.89	(1.83)	3.80	(4.45)	12.65
UNWPX	1.88	0.20	0.08	0.25	2.47	(1.99)	4.10	(4.36)	9.89
SPPIX	2.26	(0.37)	0.00	0.41	0.00	0.00	5.13	(4.79)	19.95

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