Pimco Extended Correlations

PEDPX Fund

USD 14.02 0.17 1.23%

The current 90-days correlation between Pimco Extended Duration and Lgm Risk Managed is -0.18 (i.e., Good diversification). The correlation of Pimco Extended 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 Extended Correlation With Market

Very good diversification

The correlation between Pimco Extended Duration and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Extended Duration 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 Extended Duration. 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 american community survey.

Moving together with Pimco Mutual Fund

0.68	PFATX	Pimco Fundamental	Pair Corr
1.0	PFGAX	Long Term Government	Pair Corr
1.0	PFGCX	Long Term Government	Pair Corr
0.62	PFMIX	Municipal Bond	Pair Corr
0.89	PFRCX	Foreign Bond	Pair Corr
0.7	PFSIX	Pimco Emerging Markets	Pair Corr
0.85	PFUUX	Pimco Foreign Bond	Pair Corr
0.88	PFUAX	Foreign Bond	Pair Corr
0.89	PFUIX	Foreign Bond	Pair Corr
0.89	PFUNX	Pimco International Bond	Pair Corr
0.85	PFUPX	Pimco Foreign Bond	Pair Corr
0.69	PGBIX	Global Bond Fund	Pair Corr

Moving against Pimco Mutual Fund

0.6	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.48	PFINX	Pimco Capital Sec	Pair Corr
0.44	PFANX	Pimco Capital Sec	Pair Corr
0.38	PFCJX	Pimco Preferred And	Pair Corr
0.85	PFTCX	Short Term Fund	Pair Corr
0.56	PFNUX	Pimco Dynamic Bond	Pair Corr
0.47	PFNNX	Pimco Preferred And	Pair Corr
0.47	PFPNX	Pimco Capital Sec	Pair Corr
0.55	PXTIX	Fundamental Indexplus	Pair Corr
0.55	PXTNX	Pimco Rae Plus	Pair Corr
0.46	PGAPX	Pimco Global Multi	Pair Corr
0.46	PGAIX	Pimco Global Multi	Pair Corr
0.45	PGMAX	Pimco Global Multi	Pair Corr
0.41	PGMCX	Pimco Global Multi	Pair Corr

Related Correlations Analysis

	LBETX	SGYAX	AAARX	PYICX	AGDAX	PHDTX	AWF	AGTFX
LBETX		0.82	0.95	0.68	0.77	0.9	-0.26	0.95	LBETX
SGYAX	0.82		0.75	0.77	0.92	0.91	-0.2	0.76	SGYAX
AAARX	0.95	0.75		0.76	0.79	0.91	-0.01	0.98	AAARX
PYICX	0.68	0.77	0.76		0.89	0.87	0.2	0.72	PYICX
AGDAX	0.77	0.92	0.79	0.89		0.92	0.06	0.78	AGDAX
PHDTX	0.9	0.91	0.91	0.87	0.92		-0.06	0.91	PHDTX
AWF	-0.26	-0.2	-0.01	0.2	0.06	-0.06		-0.01	AWF
AGTFX	0.95	0.76	0.98	0.72	0.78	0.91	-0.01		AGTFX
	LBETX	SGYAX	AAARX	PYICX	AGDAX	PHDTX	AWF	AGTFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AGTFX	+ 0.98	AAARX
AAARX	+ 0.95	LBETX
AGTFX	+ 0.95	LBETX
AGDAX	+ 0.92	SGYAX
PHDTX	+ 0.92	AGDAX
PHDTX	+ 0.91	SGYAX

High negative correlations

AWF	- 0.26	LBETX
AWF	- 0.2	SGYAX
AWF	- 0.06	PHDTX
AGTFX	- 0.01	AWF
AWF	- 0.01	AAARX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Extended 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 Extended'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
LBETX	0.22	0.00	(0.23)	0.12	0.21	(0.26)	0.45	(0.52)	1.42
SGYAX	0.14	0.04	(0.54)	(0.65)	0.00	(0.25)	0.28	(0.14)	1.28
AAARX	0.43	(0.01)	(0.09)	0.11	0.44	(0.51)	0.93	(0.70)	2.37
PYICX	0.11	0.01	(0.65)	0.24	0.00	(0.16)	0.22	(0.22)	0.78
AGDAX	0.12	0.02	(0.50)	(1.74)	0.00	(0.25)	0.29	(0.28)	0.87
PHDTX	0.09	0.02	(0.67)	0.41	0.00	(0.15)	0.23	(0.11)	0.56
AWF	0.33	(0.02)	(0.28)	0.02	0.38	(0.39)	0.65	(0.74)	1.91
AGTFX	0.52	(0.03)	(0.09)	0.09	0.55	(0.61)	1.15	(0.88)	3.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC