Pimco Income Correlations

PIMIX Fund

USD 11.00 0.01 0.09%

The current 90-days correlation between Pimco Income and New Perspective Fund is 0.23 (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

Very poor diversification

The correlation between Pimco Income Fund and DJI is 0.87 (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 various price indices.

Moving together with Pimco Mutual Fund

0.63	PWLEX	Pimco Rae Worldwide	Pair Corr
0.66	PWLMX	Pimco Rae Worldwide	Pair Corr
0.85	PFANX	Pimco Capital Sec	Pair Corr
0.86	PFINX	Pimco Capital Sec	Pair Corr
0.97	PFNUX	Pimco Dynamic Bond	Pair Corr
0.83	PFRMX	Pimco Inflation Response	Pair Corr
0.85	PFPNX	Pimco Capital Sec	Pair Corr
0.9	PXTIX	Fundamental Indexplus	Pair Corr
0.98	PHIYX	High Yield Fund	Pair Corr
0.95	PZCRX	Pimco Credit Absolute	Pair Corr
0.97	PHSAX	Pimco High Yield	Pair Corr
0.98	PHSIX	Pimco High Yield	Pair Corr
0.98	PHYAX	High Yield Fund	Pair Corr
0.98	PHYRX	High Yield Fund	Pair Corr
0.89	PIPAX	Pimco International	Pair Corr
0.9	PISNX	Pimco Stocksplus Int	Pair Corr
0.9	PISIX	Pimco International Potential Growth	Pair Corr
0.89	PIXAX	Fundamental Indexplus	Pair Corr
0.82	PMBIX	Total Return	Pair Corr
0.91	PMJIX	Pimco Rae Fundamental	Pair Corr
0.99	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.98	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.98	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.79	PNYIX	New York Municipal	Pair Corr
0.7	PNYAX	New York Municipal	Pair Corr
1.0	PONAX	Pimco Income	Pair Corr
1.0	PONCX	Pimco Income	Pair Corr
1.0	PONPX	Pimco Incme Fund	Pair Corr
0.92	PPGNX	Pimco Gnma Fund	Pair Corr
0.94	PQICX	Pimco Dividend And	Pair Corr
0.91	PQTAX	Pimco Trends Managed	Pair Corr
0.91	PQTIX	Aa Pimco Tr	Pair Corr
0.91	PQTNX	Pimco Trends Managed	Pair Corr
0.89	PRBMX	Pimco Realpath Blend	Pair Corr

Moving against Pimco Mutual Fund

0.49	PFGAX	Long Term Government	Pair Corr
0.44	PSSCX	Pimco Stocksplus	Pair Corr

Related Correlations Analysis

	FCTDX	FCNKX	AICFX	PFIAX	AICCX	RICAX	AIVSX	RICBX	PFIIX	NPFFX
FCTDX		0.96	0.95	0.83	0.94	0.94	0.79	0.94	0.85	0.89	FCTDX
FCNKX	0.96		0.93	0.71	0.93	0.93	0.77	0.93	0.74	0.86	FCNKX
AICFX	0.95	0.93		0.7	1.0	1.0	0.78	1.0	0.71	0.8	AICFX
PFIAX	0.83	0.71	0.7		0.68	0.67	0.58	0.67	1.0	0.85	PFIAX
AICCX	0.94	0.93	1.0	0.68		1.0	0.78	1.0	0.69	0.79	AICCX
RICAX	0.94	0.93	1.0	0.67	1.0		0.78	1.0	0.69	0.79	RICAX
AIVSX	0.79	0.77	0.78	0.58	0.78	0.78		0.78	0.6	0.61	AIVSX
RICBX	0.94	0.93	1.0	0.67	1.0	1.0	0.78		0.69	0.79	RICBX
PFIIX	0.85	0.74	0.71	1.0	0.69	0.69	0.6	0.69		0.86	PFIIX
NPFFX	0.89	0.86	0.8	0.85	0.79	0.79	0.61	0.79	0.86		NPFFX
	FCTDX	FCNKX	AICFX	PFIAX	AICCX	RICAX	AIVSX	RICBX	PFIIX	NPFFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCTDX	0.56	0.00	(0.01)	0.07	0.70	(0.58)	1.18	(1.16)	3.31
FCNKX	0.65	(0.01)	(0.02)	0.06	0.88	(0.67)	1.20	(1.59)	4.15
AICFX	0.57	(0.02)	(0.03)	0.04	0.91	(0.51)	1.11	(1.54)	3.86
PFIAX	0.09	0.01	(0.35)	0.38	0.00	(0.19)	0.24	(0.12)	0.73
AICCX	0.57	(0.02)	(0.03)	0.04	0.92	(0.51)	1.11	(1.53)	3.88
RICAX	0.57	(0.02)	(0.03)	0.04	0.90	(0.49)	1.10	(1.52)	3.88
AIVSX	0.77	(0.02)	(0.01)	0.05	1.88	(0.66)	1.25	(1.56)	15.63
RICBX	0.57	(0.02)	(0.03)	0.04	0.91	(0.49)	1.12	(1.54)	3.87
PFIIX	0.09	0.01	(0.35)	0.36	0.00	(0.19)	0.24	(0.12)	0.73
NPFFX	0.66	0.08	0.08	0.17	0.59	(0.76)	1.30	(1.28)	9.05

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