Pimco High Correlations

PHSCX Fund

USD 9.23 0.01 0.11%

The current 90-days correlation between Pimco High Yield and Nuveen All American Municipal is -0.03 (i.e., Good diversification). The correlation of Pimco High 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 High Correlation With Market

Weak diversification

The correlation between Pimco High Yield 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 High Yield 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 High Yield. 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 main economic indicators.

Moving together with PIMCO Mutual Fund

0.83	PFBPX	Pimco Foreign Bond	Pair Corr
0.93	PFCJX	Pimco Preferred And	Pair Corr
0.91	PFANX	Pimco Capital Sec	Pair Corr
0.83	PFIAX	Pimco Floating Income	Pair Corr
0.87	PFIIX	Pimco Floating Income	Pair Corr
0.93	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.91	PFINX	Pimco Capital Sec	Pair Corr
0.86	PFNCX	Pimco Floating Income	Pair Corr
0.83	PFONX	Pimco International Bond	Pair Corr
0.83	PFORX	Pimco Foreign Bond	Pair Corr
0.93	PFNNX	Pimco Preferred And	Pair Corr
0.85	PFNIX	Pimco Low Duration	Pair Corr
0.94	PFNUX	Pimco Dynamic Bond	Pair Corr
0.83	PFOAX	Pimco Foreign Bond	Pair Corr
0.78	PFOCX	Pimco Foreign Bond	Pair Corr
0.83	PFRAX	Pimco Foreign Bond	Pair Corr
0.93	PFPNX	Pimco Capital Sec	Pair Corr
0.73	PFTCX	Short Term Fund	Pair Corr
0.85	PFTPX	Pimco Floating Income	Pair Corr
0.81	PFRRX	Pimco Foreign Bond	Pair Corr
0.69	PGAPX	Pimco Global Multi	Pair Corr
0.67	PXTIX	Fundamental Indexplus	Pair Corr
0.64	PXTNX	Pimco Rae Plus	Pair Corr

Moving against PIMCO Mutual Fund

0.37	PFGCX	Long Term Government	Pair Corr
0.36	PFGAX	Long Term Government	Pair Corr
0.36	PGOVX	Long Term Government	Pair Corr

Related Correlations Analysis

	FACCX	PRINX	PATFX	BIDPX	MSTPX
FACCX		0.85	0.76	0.92	0.84	FACCX
PRINX	0.85		0.9	0.98	0.98	PRINX
PATFX	0.76	0.9		0.89	0.87	PATFX
BIDPX	0.92	0.98	0.89		0.98	BIDPX
MSTPX	0.84	0.98	0.87	0.98		MSTPX
	FACCX	PRINX	PATFX	BIDPX	MSTPX

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Risk-Adjusted Indicators

There is a big difference between PIMCO Mutual Fund performing well and Pimco High 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 High'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
FACCX	0.15	(0.01)	0.00	(0.31)	0.00	0.00	0.39	(0.39)	1.48
PRINX	0.15	(0.01)	(0.26)	(0.01)	0.23	(0.23)	0.44	(0.44)	1.59
PATFX	0.15	0.01	(0.23)	0.02	0.23	(0.24)	0.44	(0.35)	1.69
BIDPX	0.14	(0.01)	(0.28)	(0.07)	0.22	(0.18)	0.27	(0.45)	1.36
MSTPX	0.11	0.00	(0.26)	(0.02)	0.16	(0.17)	0.30	(0.30)	1.10

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