Pimco Dynamic Correlations

PFNUX Fund

USD 9.96 0.01 0.10%

The current 90-days correlation between Pimco Dynamic Bond and Omni Small Cap Value is 0.33 (i.e., Weak diversification). The correlation of Pimco Dynamic 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 Dynamic Correlation With Market

Weak diversification

The correlation between Pimco Dynamic Bond and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Dynamic Bond 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 Dynamic Bond. 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 employment.

Moving together with Pimco Mutual Fund

0.78	PFBPX	Pimco Foreign Bond	Pair Corr
0.9	PFCJX	Pimco Preferred And	Pair Corr
0.92	PFANX	Pimco Capital Sec	Pair Corr
0.77	PFIAX	Pimco Floating Income	Pair Corr
0.83	PFIIX	Pimco Floating Income	Pair Corr
1.0	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.93	PFINX	Pimco Capital Sec	Pair Corr
0.79	PFNCX	Pimco Floating Income	Pair Corr
0.78	PFONX	Pimco International Bond	Pair Corr
0.78	PFORX	Pimco Foreign Bond	Pair Corr
0.92	PFNNX	Pimco Preferred And	Pair Corr
0.77	PFNIX	Pimco Low Duration	Pair Corr
0.79	PFOAX	Pimco Foreign Bond	Pair Corr
0.72	PFOCX	Pimco Foreign Bond	Pair Corr
0.78	PFRAX	Pimco Foreign Bond	Pair Corr
0.92	PFPNX	Pimco Capital Sec	Pair Corr
0.82	PFTCX	Short Term Fund	Pair Corr
0.77	PFTPX	Pimco Floating Income	Pair Corr
0.75	PFRRX	Pimco Foreign Bond	Pair Corr
0.75	PGAPX	Pimco Global Multi	Pair Corr
0.76	PXTIX	Fundamental Indexplus	Pair Corr
0.76	PXTNX	Pimco Rae Plus	Pair Corr

Moving against Pimco Mutual Fund

0.53	PFGCX	Long Term Government	Pair Corr
0.52	PFGAX	Long Term Government	Pair Corr
0.39	PFRCX	Foreign Bond	Pair Corr
0.51	PGOVX	Long Term Government	Pair Corr
0.37	PFUAX	Foreign Bond	Pair Corr
0.36	PFUUX	Pimco Foreign Bond	Pair Corr
0.36	PFUIX	Foreign Bond	Pair Corr
0.36	PFUNX	Pimco International Bond	Pair Corr
0.36	PFUPX	Pimco Foreign Bond	Pair Corr

Related Correlations Analysis

	BOSVX	LMUSX	LAVVX	FBMPX	LANIX	CCCCX
BOSVX		0.86	0.89	0.72	0.85	0.8	BOSVX
LMUSX	0.86		0.98	0.95	0.98	0.9	LMUSX
LAVVX	0.89	0.98		0.92	0.96	0.91	LAVVX
FBMPX	0.72	0.95	0.92		0.93	0.83	FBMPX
LANIX	0.85	0.98	0.96	0.93		0.83	LANIX
CCCCX	0.8	0.9	0.91	0.83	0.83		CCCCX
	BOSVX	LMUSX	LAVVX	FBMPX	LANIX	CCCCX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Dynamic 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 Dynamic'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
BOSVX	1.01	(0.05)	0.03	0.09	0.82	(1.18)	2.15	(1.62)	8.98
LMUSX	0.62	0.03	0.02	0.15	0.72	(0.71)	1.52	(1.49)	4.15
LAVVX	0.53	0.01	(0.01)	0.13	0.39	(0.63)	1.19	(0.80)	4.04
FBMPX	0.74	0.05	0.01	0.19	0.81	(0.75)	1.59	(1.72)	4.09
LANIX	0.51	(0.02)	(0.07)	0.09	0.55	(0.56)	1.22	(0.87)	3.14
CCCCX	0.66	0.20	0.20	0.48	0.24	(0.82)	1.36	(0.88)	3.85

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