Pimco Income Correlations

PFN Fund

USD 7.42 0.09 1.20%

The current 90-days correlation between Pimco Income Strategy and Brookfield Real Assets is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco Income Strategy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pimco Income Correlation With Market

Modest diversification

The correlation between Pimco Income Strategy and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Income Strategy 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 Income Strategy. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Pimco Fund

0.63

CRF

Cornerstone Total Return

Pair Corr

Related Correlations Analysis

	RA	PBRNX	MYI	CFRIX	EIFHX	RPIHX	BICSX	CULAX	FAX	QUSIX
RA		-0.03	0.33	0.09	0.14	0.04	0.23	0.18	0.42	0.44	RA
PBRNX	-0.03		-0.11	0.03	0.2	0.19	-0.08	-0.06	0.02	-0.03	PBRNX
MYI	0.33	-0.11		-0.34	-0.16	-0.28	-0.4	-0.37	-0.4	-0.36	MYI
CFRIX	0.09	0.03	-0.34		0.88	0.9	0.76	0.91	0.38	0.39	CFRIX
EIFHX	0.14	0.2	-0.16	0.88		0.83	0.65	0.87	0.25	0.19	EIFHX
RPIHX	0.04	0.19	-0.28	0.9	0.83		0.69	0.83	0.4	0.39	RPIHX
BICSX	0.23	-0.08	-0.4	0.76	0.65	0.69		0.85	0.55	0.67	BICSX
CULAX	0.18	-0.06	-0.37	0.91	0.87	0.83	0.85		0.4	0.44	CULAX
FAX	0.42	0.02	-0.4	0.38	0.25	0.4	0.55	0.4		0.69	FAX
QUSIX	0.44	-0.03	-0.36	0.39	0.19	0.39	0.67	0.44	0.69		QUSIX
	RA	PBRNX	MYI	CFRIX	EIFHX	RPIHX	BICSX	CULAX	FAX	QUSIX

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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

CULAX	+ 0.91	CFRIX
RPIHX	+ 0.9	CFRIX
EIFHX	+ 0.88	CFRIX
CULAX	+ 0.87	EIFHX
CULAX	+ 0.85	BICSX
RPIHX	+ 0.83	EIFHX

High negative correlations

FAX	- 0.4	MYI
BICSX	- 0.4	MYI
CULAX	- 0.37	MYI
QUSIX	- 0.36	MYI
CFRIX	- 0.34	MYI
RPIHX	- 0.28	MYI

Risk-Adjusted Indicators

There is a big difference between Pimco Fund performing well and Pimco Income 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 Income'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
RA	0.34	(0.03)	0.00	(0.47)	0.00	0.00	0.62	(0.83)	2.01
PBRNX	0.29	(0.05)	0.00	(0.05)	0.00	0.00	0.56	(0.63)	3.47
MYI	0.31	(0.02)	0.00	5.20	0.00	0.00	0.56	(0.56)	2.38
CFRIX	0.07	0.01	(0.47)	0.20	0.00	(0.17)	0.11	(0.11)	0.66
EIFHX	0.05	(0.01)	(0.61)	0.83	0.00	(0.23)	0.12	(0.12)	0.62
RPIHX	0.11	(0.01)	(0.37)	0.02	0.07	(0.20)	0.23	(0.23)	0.92
BICSX	0.81	0.05	(0.01)	0.34	1.01	(0.85)	1.52	(1.61)	4.80
CULAX	0.03	0.00	0.00	(0.28)	0.00	0.00	0.10	0.00	0.41
FAX	0.49	(0.04)	(0.12)	(0.02)	0.69	(0.53)	1.14	(1.00)	3.14
QUSIX	0.51	0.02	(0.09)	0.75	0.62	(0.56)	1.07	(0.96)	2.86

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