Pimco Low Correlations

Mutual Funds . USA . 
Fund . Pimco Low Duration
PLDPX Fund  USD 9.37  0.01  0.11%   
The current 90-days correlation between Pimco Low Duration and Long Term Government Fund is 0.21 (i.e., Modest diversification). The correlation of Pimco Low 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 Low Correlation With Market

Very poor diversification

The correlation between Pimco Low Duration and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Low Duration 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 Low Duration. 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 metropolitan statistical area.

Moving together with Pimco Mutual Fund

  0.85PWLEX Pimco Rae WorldwidePairCorr
  0.7PWLBX Pimco Rae WorldwidePairCorr
  0.85PWLMX Pimco Rae WorldwidePairCorr
  0.85PWLIX Pimco Rae WorldwidePairCorr
  0.87PFBPX Pimco Foreign BondPairCorr
  0.89PFCJX Pimco Preferred AndPairCorr
  0.9PFATX Pimco FundamentalPairCorr
  0.9PFANX Pimco Capital SecPairCorr
  0.97PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.9PFINX Pimco Capital SecPairCorr
  0.91PFMIX Municipal BondPairCorr
  0.97PFNCX Pimco Floating IncomePairCorr
  0.87PFONX Pimco International BondPairCorr
  0.87PFORX Pimco Foreign BondPairCorr
  0.9PFNNX Pimco Preferred AndPairCorr
  0.97PFNIX Pimco Low DurationPairCorr
  0.96PFNUX Pimco Dynamic BondPairCorr
  0.86PFOAX Pimco Foreign BondPairCorr
  0.82PFOCX Pimco Foreign BondPairCorr
  0.83PFRCX Foreign BondPairCorr
  0.86PFRAX Pimco Foreign BondPairCorr
  0.86PFRMX Pimco Inflation ResponsePairCorr
  0.9PFPNX Pimco Capital SecPairCorr
  0.96PFTCX Short Term FundPairCorr
  0.97PFTPX Pimco Floating IncomePairCorr
  0.84PFRRX Pimco Foreign BondPairCorr
  0.93PFSIX Pimco Emerging MarketsPairCorr
  0.85PFUUX Pimco Foreign BondPairCorr
  0.84PFUAX Foreign BondPairCorr
  0.85PFUIX Foreign BondPairCorr
  0.85PFUNX Pimco International BondPairCorr
  0.85PFUPX Pimco Foreign BondPairCorr
  0.92PGAPX Pimco Global MultiPairCorr
  0.91PXTIX Fundamental IndexplusPairCorr
  0.91PXTNX Pimco Rae PlusPairCorr
  0.95PGBIX Global Bond FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Low 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 Low'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
PWLEX  0.37  0.12  0.07 (1.90) 0.11 
(0.50)
 0.94 
(0.55)
 2.23 
PWLBX  0.40  0.09  0.01 (1.41) 0.37 
(0.50)
 1.08 
(0.55)
 2.97 
PWLMX  0.37  0.12  0.08 (1.89) 0.08 
(0.49)
 1.01 
(0.63)
 2.33 
PWLIX  0.37  0.12  0.08 (2.04) 0.00 
(0.51)
 1.07 
(0.63)
 2.33 
PFBPX  0.10  0.01 (0.34) 0.24  0.00 
(0.15)
 0.20 
(0.20)
 0.71 
PFCJX  0.09  0.02 (0.29) 0.71  0.00 
(0.14)
 0.21 
(0.10)
 0.83 
PFATX  0.51  0.10  0.07  0.55  0.33 
(0.64)
 1.29 
(0.84)
 2.34 
PFANX  0.09  0.03 (0.29) 0.66  0.00 
(0.14)
 0.21 
(0.10)
 0.82 
PFGAX  0.36  0.03 (0.10) 0.69  0.39 
(0.41)
 0.72 
(0.71)
 1.72 
PFGCX  0.36  0.03 (0.10) 0.61  0.40 
(0.41)
 0.72 
(0.71)
 1.72 

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