Pimco Floating Correlations

Mutual Funds . USA . 
Fund . Pimco Floating Income
PFIAX Fund  USD 8.33  0.01  0.12%   
The current 90-days correlation between Pimco Floating Income and Long Term Government Fund is -0.3 (i.e., Very good diversification). The correlation of Pimco Floating 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 Floating Correlation With Market

Very poor diversification

The correlation between Pimco Floating Income and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Floating Income 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 Floating Income. 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 nation.

Moving together with Pimco Mutual Fund

  0.79PWLEX Pimco Rae WorldwidePairCorr
  0.63PWLBX Pimco Rae WorldwidePairCorr
  0.81PWLMX Pimco Rae WorldwidePairCorr
  0.81PWLIX Pimco Rae WorldwidePairCorr
  0.93PFCJX Pimco Preferred AndPairCorr
  0.89PFATX Pimco FundamentalPairCorr
  0.93PFANX Pimco Capital SecPairCorr
  0.98PFIIX Pimco Floating IncomePairCorr
  0.99PFIUX Pimco Unconstrained BondPairCorr
  0.93PFINX Pimco Capital SecPairCorr
  0.89PFMIX Municipal BondPairCorr
  1.0PFNCX Pimco Floating IncomePairCorr
  0.88PFONX Pimco International BondPairCorr
  0.94PFNNX Pimco Preferred AndPairCorr
  1.0PFNIX Pimco Low DurationPairCorr
  0.99PFNUX Pimco Dynamic BondPairCorr
  0.83PFOCX Pimco Foreign BondPairCorr
  0.86PFRCX Foreign BondPairCorr
  0.86PFRAX Pimco Foreign BondPairCorr
  0.91PFRMX Pimco Inflation ResponsePairCorr
  0.93PFPNX Pimco Capital SecPairCorr
  0.98PFTCX Short Term FundPairCorr
  1.0PFTPX Pimco Floating IncomePairCorr
  0.85PFRRX Pimco Foreign BondPairCorr
  0.95PFSIX Pimco Emerging MarketsPairCorr
  0.87PFUUX Pimco Foreign BondPairCorr
  0.88PFUAX Foreign BondPairCorr
  0.88PFUIX Foreign BondPairCorr
  0.88PFUNX Pimco International BondPairCorr
  0.88PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.93PXTIX Fundamental IndexplusPairCorr
  0.93PXTNX Pimco Rae PlusPairCorr
  0.98PGBIX Global Bond FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Floating 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 Floating'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.36  0.13  0.01 (1.45) 0.00 
(0.49)
 0.94 
(0.55)
 2.23 
PWLBX  0.40  0.09 (0.05)(1.45) 0.37 
(0.50)
 1.08 
(0.55)
 2.97 
PWLMX  0.37  0.12  0.01 (12.42) 0.00 
(0.50)
 1.07 
(0.63)
 2.33 
PWLIX  0.37  0.11  0.00 (85.36) 0.08 
(0.51)
 1.07 
(0.63)
 2.33 
PFBPX  0.10  0.00 (0.53) 0.12  0.00 
(0.15)
 0.20 
(0.20)
 0.71 
PFCJX  0.09  0.03 (0.45) 5.50  0.00 
(0.14)
 0.21 
(0.10)
 0.83 
PFATX  0.53  0.11  0.04  0.57  0.31 
(0.66)
 1.29 
(0.84)
 2.34 
PFANX  0.09  0.03 (0.46) 3.43  0.00 
(0.14)
 0.21 
(0.10)
 0.82 
PFGAX  0.35 (0.01)(0.21) 0.04  0.43 
(0.41)
 0.72 
(0.71)
 1.72 
PFGCX  0.36 (0.01)(0.22) 0.02  0.43 
(0.41)
 0.72 
(0.71)
 1.72 

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