Pimco Income Correlations

Mutual Funds . USA . 
Fund . Pimco Income Fund
PIMIX Fund  USD 11.09  0.02  0.18%   
The current 90-days correlation between Pimco Income and New Perspective Fund is 0.19 (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

Very poor diversification

The correlation between Pimco Income Fund and DJI is 0.88 (i.e., Very poor 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

  0.79PWLEX Pimco Rae WorldwidePairCorr
  0.81PWLMX Pimco Rae WorldwidePairCorr
  0.81PWLIX Pimco Rae WorldwidePairCorr
  0.86PFBPX Pimco Foreign BondPairCorr
  0.95PFCJX Pimco Preferred AndPairCorr
  0.9PFATX Pimco FundamentalPairCorr
  0.95PFANX Pimco Capital SecPairCorr
  0.98PFIAX Pimco Floating IncomePairCorr
  0.99PFIIX Pimco Floating IncomePairCorr
  0.98PFIUX Pimco Unconstrained BondPairCorr
  0.95PFINX Pimco Capital SecPairCorr
  0.91PFMIX Municipal BondPairCorr
  0.98PFNCX Pimco Floating IncomePairCorr
  0.86PFONX Pimco International BondPairCorr
  0.87PFORX Pimco Foreign BondPairCorr
  0.95PFNNX Pimco Preferred AndPairCorr
  0.98PFNIX Pimco Low DurationPairCorr
  0.98PFNUX Pimco Dynamic BondPairCorr
  0.82PFOAX Pimco Foreign BondPairCorr
  0.76PFOCX Pimco Foreign BondPairCorr
  0.84PFRCX Foreign BondPairCorr
  0.83PFRAX Pimco Foreign BondPairCorr
  0.91PFRMX Pimco Inflation ResponsePairCorr
  0.95PFPNX Pimco Capital SecPairCorr
  0.96PFTCX Short Term FundPairCorr
  0.98PFTPX Pimco Floating IncomePairCorr
  0.82PFRRX Pimco Foreign BondPairCorr
  0.96PFSIX Pimco Emerging MarketsPairCorr
  0.87PFUUX Pimco Foreign BondPairCorr
  0.86PFUAX Foreign BondPairCorr
  0.87PFUIX Foreign BondPairCorr
  0.87PFUNX Pimco International BondPairCorr
  0.87PFUPX Pimco Foreign BondPairCorr
  0.95PGAPX Pimco Global MultiPairCorr
  0.91PXTIX Fundamental IndexplusPairCorr
  0.91PXTNX Pimco Rae PlusPairCorr
  0.98PGBIX Global Bond FundPairCorr

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  0.56 (0.01)(0.03) 0.04  0.74 
(0.61)
 1.18 
(1.53)
 3.81 
FCNKX  0.72  0.04  0.03  0.12  0.76 
(0.86)
 1.21 
(1.58)
 7.09 
AICFX  0.59 (0.05)(0.07) 0.00  0.88 
(0.55)
 1.11 
(1.54)
 3.79 
PFIAX  0.08  0.02 (0.26) 1.31  0.00 
(0.19)
 0.24 
(0.12)
 0.73 
AICCX  0.59 (0.05)(0.07)(0.01) 0.89 
(0.55)
 1.11 
(1.53)
 3.82 
RICAX  0.59 (0.05)(0.07)(0.01) 0.90 
(0.53)
 1.10 
(1.52)
 3.82 
AIVSX  0.80 (0.04)(0.03) 0.01  1.83 
(0.73)
 1.25 
(1.56)
 15.63 
RICBX  0.59 (0.05)(0.07)(0.01) 0.91 
(0.53)
 1.10 
(1.54)
 3.82 
PFIIX  0.08  0.02 (0.25) 0.91  0.00 
(0.18)
 0.24 
(0.12)
 0.73 
NPFFX  0.70  0.06  0.06  0.14  0.72 
(0.79)
 1.30 
(1.43)
 9.05 

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