Pimco Floating Correlations

PFIIX Fund

USD 8.32 0.01 0.12%

The current 90-days correlation between Pimco Floating Income and Tiaa Cref Large Cap Growth is 0.2 (i.e., Modest 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 gross domestic product.

Moving together with Pimco Mutual Fund

0.72	PWLMX	Pimco Rae Worldwide	Pair Corr
0.73	PWLIX	Pimco Rae Worldwide	Pair Corr
0.98	PFIAX	Pimco Floating Income	Pair Corr
1.0	PFTPX	Pimco Floating Income	Pair Corr
0.61	PGCAX	Investment Grade Porate	Pair Corr
0.98	PHFNX	Pimco High Yield	Pair Corr
0.98	PHIYX	High Yield Fund	Pair Corr
0.71	PDI	Pimco Dynamic Income	Pair Corr
0.94	PZCRX	Pimco Credit Absolute	Pair Corr
0.98	PHSIX	Pimco High Yield	Pair Corr
0.97	ATMCX	Pimco Unconstrained Tax	Pair Corr
0.93	PMJPX	Pimco Rae Fundamental Potential Growth	Pair Corr
0.98	FXICX	Fixed Income Shares	Pair Corr
0.74	FXIEX	Fixed Income Shares	Pair Corr
0.67	PNYAX	New York Municipal	Pair Corr
0.92	PPQZX	Pimco Realpath Blend	Pair Corr
0.92	PQTAX	Pimco Trends Managed	Pair Corr
0.92	PQTIX	Aa Pimco Tr	Pair Corr
0.92	PQTNX	Pimco Trends Managed	Pair Corr
0.77	PRFAX	Total Return	Pair Corr
0.86	PSCSX	Pimco Small Cap	Pair Corr
0.96	PSFAX	Short Term Fund	Pair Corr
0.92	PSTKX	Stocksplus Fund Inst	Pair Corr
0.87	PBPNX	Pimco Realpath Blend	Pair Corr
0.82	PBRNX	Pimco Realpath Blend	Pair Corr
0.95	PTLDX	Low Duration	Pair Corr
0.95	PTSHX	Short Term Fund	Pair Corr
0.95	PTSPX	Pimco Short Term	Pair Corr
0.95	PTSRX	Short Term Fund	Pair Corr
0.79	PTTAX	Total Return	Pair Corr

Moving against Pimco Mutual Fund

0.58	PRAIX	Real Return Asset	Pair Corr
0.56	PFGAX	Long Term Government	Pair Corr

Related Correlations Analysis

	PFIAX	PFBPX	PFOAX	PFORX	FSRIX	FQIFX	BLPFX	SGOIX	FAOTX	TRIRX
PFIAX		0.42	0.28	0.42	0.85	0.83	0.9	0.92	0.9	0.58	PFIAX
PFBPX	0.42		0.87	1.0	0.65	0.62	0.54	0.5	0.53	0.33	PFBPX
PFOAX	0.28	0.87		0.87	0.46	0.44	0.36	0.35	0.34	0.16	PFOAX
PFORX	0.42	1.0	0.87		0.65	0.62	0.54	0.5	0.53	0.33	PFORX
FSRIX	0.85	0.65	0.46	0.65		0.96	0.96	0.89	0.95	0.72	FSRIX
FQIFX	0.83	0.62	0.44	0.62	0.96		0.98	0.92	0.97	0.76	FQIFX
BLPFX	0.9	0.54	0.36	0.54	0.96	0.98		0.95	1.0	0.7	BLPFX
SGOIX	0.92	0.5	0.35	0.5	0.89	0.92	0.95		0.95	0.58	SGOIX
FAOTX	0.9	0.53	0.34	0.53	0.95	0.97	1.0	0.95		0.69	FAOTX
TRIRX	0.58	0.33	0.16	0.33	0.72	0.76	0.7	0.58	0.69		TRIRX
	PFIAX	PFBPX	PFOAX	PFORX	FSRIX	FQIFX	BLPFX	SGOIX	FAOTX	TRIRX

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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	0.09	0.02	(0.24)	1.42	0.00	(0.19)	0.24	(0.12)	0.73
PFBPX	0.11	(0.01)	(0.29)	(0.05)	0.10	(0.15)	0.20	(0.20)	0.71
PFOAX	0.10	(0.01)	(0.31)	(0.36)	0.12	(0.15)	0.20	(0.20)	0.71
PFORX	0.11	(0.01)	(0.29)	(0.05)	0.10	(0.15)	0.20	(0.20)	0.71
FSRIX	0.13	0.00	(0.20)	0.04	0.11	(0.17)	0.25	(0.33)	0.83
FQIFX	0.30	0.01	(0.04)	0.07	0.33	(0.34)	0.65	(0.69)	1.77
BLPFX	0.38	0.03	0.01	0.11	0.39	(0.43)	0.88	(0.73)	2.20
SGOIX	0.47	0.15	0.24	0.36	0.05	(0.55)	1.09	(0.77)	2.29
FAOTX	0.25	0.02	(0.04)	0.10	0.24	(0.28)	0.51	(0.50)	1.49
TRIRX	0.70	(0.01)	(0.02)	0.04	1.05	(0.67)	1.71	(1.82)	4.79

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