Pimco Income Correlations

Mutual Funds . USA . 
Fund . Pimco Income Fund
PIMIX Fund  USD 10.99  0.03  0.27%   
The current 90-days correlation between Pimco Income and Strategic Advisers Fidelity is 0.11 (i.e., Average 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 0.21 (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 gross domestic product.

Moving together with Pimco Mutual Fund

  0.77PFATX Pimco FundamentalPairCorr
  0.88PFANX Pimco Capital SecPairCorr
  0.96PFIAX Pimco Floating IncomePairCorr
  0.96PFIIX Pimco Floating IncomePairCorr
  0.98PFIUX Pimco Unconstrained BondPairCorr
  0.73PFINX Pimco Capital SecPairCorr
  0.96PFNCX Pimco Floating IncomePairCorr
  0.73PFNNX Pimco Preferred AndPairCorr
  0.97PFNIX Pimco Low DurationPairCorr
  0.98PFNUX Pimco Dynamic BondPairCorr
  0.71PFRMX Pimco Inflation ResponsePairCorr
  0.77PXTIX Fundamental IndexplusPairCorr
  0.77PXTNX Pimco Rae PlusPairCorr
  0.88PGAIX Pimco Global MultiPairCorr
  0.87PGMAX Pimco Global MultiPairCorr
  0.87PGMCX Pimco Global MultiPairCorr
  0.83PHFNX Pimco High YieldPairCorr
  0.84PHIYX High Yield FundPairCorr
  0.84PHLPX Pimco High YieldPairCorr
  0.82PHSIX Pimco High YieldPairCorr
  0.84PHYAX High Yield FundPairCorr

Moving against Pimco Mutual Fund

  0.76PDI Pimco Dynamic IncomePairCorr

Related Correlations Analysis


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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FCTDX  0.62 (0.03)(0.03) 0.02  0.98 
(0.56)
 1.17 
(1.56)
 3.56 
FCNKX  0.68 (0.01)(0.02) 0.04  0.97 
(0.69)
 1.25 
(1.59)
 4.00 
AICFX  0.58 (0.02)(0.02) 0.04  0.94 
(0.51)
 1.24 
(1.54)
 3.35 
PFIAX  0.07  0.01 (0.28) 0.29  0.00 
(0.15)
 0.12 
(0.12)
 0.73 
AICCX  0.58 (0.02)(0.02) 0.03  0.94 
(0.51)
 1.22 
(1.53)
 3.35 
RICAX  0.58 (0.02)(0.02) 0.03  0.92 
(0.50)
 1.22 
(1.52)
 3.36 
AIVSX  0.78 (0.01)(0.01) 0.04  1.89 
(0.67)
 1.55 
(1.56)
 15.63 
RICBX  0.58 (0.02)(0.02) 0.03  0.94 
(0.50)
 1.22 
(1.54)
 3.35 
PFIIX  0.07  0.01 (0.27) 0.31  0.00 
(0.16)
 0.12 
(0.12)
 0.73 
NPFFX  0.66  0.08  0.08  0.15  0.66 
(0.73)
 1.30 
(1.28)
 7.77 

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