Pimco Inflation Correlations

PFRMX Fund

8.28 0.01 0.12%

The current 90-days correlation between Pimco Inflation Response and Transamerica Intermediate Muni is -0.28 (i.e., Very good diversification). The correlation of Pimco Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between Pimco Inflation Response and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Inflation Response 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 Inflation Response. 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 population.

Moving together with Pimco Mutual Fund

0.77	FASIX	Fidelity Asset Manager	Pair Corr
0.78	FTIWX	Fidelity Asset Manager	Pair Corr
0.79	FTDWX	Fidelity Asset Manager	Pair Corr
0.77	FTAWX	Fidelity Asset Manager	Pair Corr
0.77	FIKVX	Fidelity Asset Manager	Pair Corr
0.76	FTCWX	Fidelity Asset Manager	Pair Corr
0.75	VASIX	Vanguard Lifestrategy	Pair Corr
0.76	PFIPX	Strategic Asset Mana	Pair Corr
0.72	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.75	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.79	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.63	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.75	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Pimco Mutual Fund

0.5	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.35	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	TIMTX	PRVBX	GTFBX	FACCX	ICAXX	PRFHX	MSTBX
TIMTX		0.34	0.89	0.91	0.0	0.89	0.8	TIMTX
PRVBX	0.34		0.34	-0.01	0.0	0.49	0.39	PRVBX
GTFBX	0.89	0.34		0.81	0.0	0.97	0.79	GTFBX
FACCX	0.91	-0.01	0.81		0.0	0.74	0.78	FACCX
ICAXX	0.0	0.0	0.0	0.0		0.0	0.0	ICAXX
PRFHX	0.89	0.49	0.97	0.74	0.0		0.77	PRFHX
MSTBX	0.8	0.39	0.79	0.78	0.0	0.77		MSTBX
	TIMTX	PRVBX	GTFBX	FACCX	ICAXX	PRFHX	MSTBX

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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

PRFHX	+ 0.97	GTFBX
FACCX	+ 0.91	TIMTX
GTFBX	+ 0.89	TIMTX
PRFHX	+ 0.89	TIMTX
FACCX	+ 0.81	GTFBX
MSTBX	+ 0.8	TIMTX

High negative correlations

FACCX	- 0.01	PRVBX
MSTBX	- 0.0	ICAXX
PRFHX	- 0.0	ICAXX
ICAXX	- 0.0	FACCX
ICAXX	- 0.0	GTFBX
ICAXX	- 0.0	PRVBX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Inflation 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 Inflation'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
TIMTX	0.14	(0.01)	(0.27)	(0.03)	0.21	(0.21)	0.37	(0.28)	1.40
PRVBX	0.09	0.01	(0.74)	0.61	0.00	(0.10)	0.20	(0.20)	0.53
GTFBX	0.17	0.01	(0.27)	0.01	0.24	(0.26)	0.46	(0.45)	1.65
FACCX	0.15	(0.01)	0.00	(0.31)	0.00	0.00	0.39	(0.39)	1.48
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRFHX	0.15	0.01	(0.24)	0.02	0.23	(0.24)	0.44	(0.44)	1.61
MSTBX	0.10	0.00	0.00	0.00	0.00	0.00	0.21	(0.21)	0.72

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