Pimco Long Correlations

PLRPX Fund

USD 7.30 0.04 0.55%

The current 90-days correlation between Pimco Long Duration and Pimco Rae Worldwide is 0.4 (i.e., Very weak diversification). The correlation of Pimco Long 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 Long Correlation With Market

Good diversification

The correlation between Pimco Long Duration and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Long 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 Long 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 american community survey.

Moving together with Pimco Mutual Fund

0.73	PFATX	Pimco Fundamental	Pair Corr
1.0	PFGAX	Long Term Government	Pair Corr
0.99	PFGCX	Long Term Government	Pair Corr
0.7	PFMIX	Municipal Bond	Pair Corr
0.9	PFRCX	Foreign Bond	Pair Corr
0.84	PFSIX	Pimco Emerging Markets	Pair Corr
0.9	PFUUX	Pimco Foreign Bond	Pair Corr
0.9	PFUAX	Foreign Bond	Pair Corr
0.9	PFUIX	Foreign Bond	Pair Corr
0.9	PFUNX	Pimco International Bond	Pair Corr
0.9	PFUPX	Pimco Foreign Bond	Pair Corr
0.8	PGBIX	Global Bond Fund	Pair Corr

Moving against Pimco Mutual Fund

0.5	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.36	PFINX	Pimco Capital Sec	Pair Corr
0.33	PFANX	Pimco Capital Sec	Pair Corr
0.84	PFTCX	Short Term Fund	Pair Corr
0.46	PFNUX	Pimco Dynamic Bond	Pair Corr
0.35	PFNNX	Pimco Preferred And	Pair Corr
0.35	PFPNX	Pimco Capital Sec	Pair Corr
0.47	PXTIX	Fundamental Indexplus	Pair Corr
0.47	PXTNX	Pimco Rae Plus	Pair Corr
0.35	PGAPX	Pimco Global Multi	Pair Corr
0.35	PGAIX	Pimco Global Multi	Pair Corr
0.34	PGMAX	Pimco Global Multi	Pair Corr

Related Correlations Analysis

	PWLEX	PNRNX	AMGXX	PWLAX	PWLBX	PWLCX	PWLDX	PWLMX	PWLPX
PWLEX		0.53	0.07	0.0	0.99	0.0	0.0	0.99	0.0	PWLEX
PNRNX	0.53		-0.33	0.0	0.49	0.0	0.0	0.5	0.0	PNRNX
AMGXX	0.07	-0.33		0.0	0.11	0.0	0.0	0.16	0.0	AMGXX
PWLAX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PWLAX
PWLBX	0.99	0.49	0.11	0.0		0.0	0.0	0.99	0.0	PWLBX
PWLCX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PWLCX
PWLDX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PWLDX
PWLMX	0.99	0.5	0.16	0.0	0.99	0.0	0.0		0.0	PWLMX
PWLPX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PWLPX
	PWLEX	PNRNX	AMGXX	PWLAX	PWLBX	PWLCX	PWLDX	PWLMX	PWLPX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PWLBX	+ 0.99	PWLEX
PWLMX	+ 0.99	PWLEX
PWLMX	+ 0.99	PWLBX
PNRNX	+ 0.53	PWLEX
PWLMX	+ 0.5	PNRNX
PWLBX	+ 0.49	PNRNX

High negative correlations

AMGXX	- 0.33	PNRNX
PWLPX	- 0.0	PWLMX
PWLPX	- 0.0	PWLDX
PWLMX	- 0.0	PWLDX
PWLPX	- 0.0	PWLCX
PWLMX	- 0.0	PWLCX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Long 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 Long'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
PWLEX	0.28	0.01	(0.25)	0.20	0.26	(0.34)	0.62	(0.49)	1.85
PNRNX	0.68	0.02	(0.07)	0.19	0.82	(0.70)	1.34	(1.23)	3.82
AMGXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01
PWLAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWLBX	0.29	0.01	(0.25)	0.24	0.28	(0.33)	0.62	(0.49)	1.86
PWLCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWLDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWLMX	0.27	0.01	(0.25)	0.23	0.25	(0.35)	0.61	(0.49)	1.84
PWLPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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