Pimco Income Correlations

Mutual Funds . USA . 
Fund . Pimco Income Fund
PIINX Fund  USD 10.59  0.01  0.09%   
The current 90-days correlation between Pimco Income and Ab Municipal Bond is 0.29 (i.e., Modest diversification). The correlation of Pimco Income 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 Income Correlation With Market

Modest diversification

The correlation between Pimco Income Fund and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Income Fund 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 Fund. 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 board of governors.

Moving together with Pimco Mutual Fund

  0.64PWLEX Pimco Rae WorldwidePairCorr
  0.69PWLBX Pimco Rae WorldwidePairCorr
  0.69PWLMX Pimco Rae WorldwidePairCorr
  0.69PWLIX Pimco Rae WorldwidePairCorr
  0.85PFBPX Pimco Foreign BondPairCorr
  0.81PFANX Pimco Capital SecPairCorr
  0.85PFIAX Pimco Floating IncomePairCorr
  0.79PFIIX Pimco Floating IncomePairCorr
  0.86PFIUX Pimco Unconstrained BondPairCorr
  0.82PFINX Pimco Capital SecPairCorr
  0.73PFMIX Municipal BondPairCorr
  0.87PFNCX Pimco Floating IncomePairCorr
  0.84PFONX Pimco International BondPairCorr
  0.85PFORX Pimco Foreign BondPairCorr
  0.81PFNNX Pimco Preferred AndPairCorr
  0.85PFNIX Pimco Low DurationPairCorr
  0.79PFNUX Pimco Dynamic BondPairCorr
  0.84PFOAX Pimco Foreign BondPairCorr
  0.83PFOCX Pimco Foreign BondPairCorr
  0.84PFRAX Pimco Foreign BondPairCorr
  0.82PFPNX Pimco Capital SecPairCorr
  0.85PFTPX Pimco Floating IncomePairCorr
  0.84PFRRX Pimco Foreign BondPairCorr
  0.75PFSIX Pimco Emerging MarketsPairCorr
  0.85PGAPX Pimco Global MultiPairCorr
  0.65PXTIX Fundamental IndexplusPairCorr
  0.64PXTNX Pimco Rae PlusPairCorr
  0.85PGBIX Global Bond FundPairCorr
  0.85PGAIX Pimco Global MultiPairCorr
  0.73PGCAX Investment Grade PoratePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Income 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 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.

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