Pimco Floating Correlations

PFIIX Fund

USD 8.31 0.01 0.12%

The current 90-days correlation between Pimco Floating Income and Pimco Floating Income is 0.98 (i.e., Almost no 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

Modest diversification

The correlation between Pimco Floating Income and DJI is 0.27 (i.e., Modest 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 gross domestic product.

Moving together with Pimco Mutual Fund

0.77	VBIRX	Vanguard Short Term	Pair Corr
0.82	VFSUX	Vanguard Short Term	Pair Corr
0.89	VFSIX	Vanguard Short Term	Pair Corr
0.89	VFSTX	Vanguard Short Term	Pair Corr
0.88	VBITX	Vanguard Short Term	Pair Corr
0.88	VBISX	Vanguard Short Term	Pair Corr
0.81	VSCSX	Vanguard Short Term	Pair Corr
0.89	LALDX	Lord Abbett Short	Pair Corr
0.8	LDLAX	Lord Abbett Short	Pair Corr
0.91	LDLRX	Lord Abbett Short	Pair Corr
0.7	NXJ	Nuveen New Jersey	Pair Corr
0.69	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.74	MRK	Merck Company	Pair Corr
0.64	AXP	American Express	Pair Corr

Moving against Pimco Mutual Fund

0.77	XNBHX	Neuberger Berman Int	Pair Corr
0.74	XNXJX	Nuveen New Jersey	Pair Corr
0.58	XDSMX	Dreyfus Strategic	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.59	MSFT	Microsoft	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.55	T	ATT Inc	Pair Corr

Related Correlations Analysis

	PFIAX	PFBPX	PFOAX	PFORX	FSRIX	FQIFX	BLPFX	SGOIX	FAOTX	TRIRX
PFIAX		0.13	-0.14	0.03	0.65	0.1	0.26	0.77	0.73	0.59	PFIAX
PFBPX	0.13		0.9	0.94	0.4	-0.03	-0.09	0.12	0.24	0.2	PFBPX
PFOAX	-0.14	0.9		0.97	0.13	0.17	0.02	-0.21	-0.06	0.01	PFOAX
PFORX	0.03	0.94	0.97		0.26	0.2	0.08	-0.09	0.06	0.12	PFORX
FSRIX	0.65	0.4	0.13	0.26		0.2	0.29	0.77	0.9	0.75	FSRIX
FQIFX	0.1	-0.03	0.17	0.2	0.2		0.86	-0.09	0.06	0.23	FQIFX
BLPFX	0.26	-0.09	0.02	0.08	0.29	0.86		0.07	0.21	0.25	BLPFX
SGOIX	0.77	0.12	-0.21	-0.09	0.77	-0.09	0.07		0.93	0.61	SGOIX
FAOTX	0.73	0.24	-0.06	0.06	0.9	0.06	0.21	0.93		0.67	FAOTX
TRIRX	0.59	0.2	0.01	0.12	0.75	0.23	0.25	0.61	0.67		TRIRX
	PFIAX	PFBPX	PFOAX	PFORX	FSRIX	FQIFX	BLPFX	SGOIX	FAOTX	TRIRX

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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

PFORX	+ 0.97	PFOAX
PFORX	+ 0.94	PFBPX
FAOTX	+ 0.93	SGOIX
PFOAX	+ 0.9	PFBPX
FAOTX	+ 0.9	FSRIX
BLPFX	+ 0.86	FQIFX

High negative correlations

SGOIX	- 0.21	PFOAX
PFOAX	- 0.14	PFIAX
SGOIX	- 0.09	FQIFX
SGOIX	- 0.09	PFORX
BLPFX	- 0.09	PFBPX
FAOTX	- 0.06	PFOAX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFIAX	0.07	0.01	(0.37)	0.48	0.00	(0.15)	0.12	(0.12)	0.73
PFBPX	0.10	0.01	(0.37)	0.24	0.00	(0.15)	0.20	(0.20)	0.71
PFOAX	0.10	0.00	(0.43)	0.04	0.03	(0.13)	0.20	(0.20)	0.61
PFORX	0.10	0.00	(0.41)	0.08	0.01	(0.14)	0.20	(0.20)	0.70
FSRIX	0.14	0.00	(0.32)	0.08	0.06	(0.17)	0.25	(0.33)	0.75
FQIFX	0.36	(0.05)	0.00	(0.04)	0.00	0.00	0.63	(0.66)	4.78
BLPFX	0.46	(0.04)	(0.07)	0.00	0.97	(0.47)	0.84	(0.74)	5.90
SGOIX	0.49	0.10	0.09	0.28	0.37	(0.54)	1.09	(0.81)	2.70
FAOTX	0.25	0.02	(0.10)	0.14	0.15	(0.31)	0.51	(0.44)	1.37
TRIRX	0.75	(0.01)	(0.02)	0.07	1.05	(0.75)	2.01	(1.82)	4.33

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