Pimco Rae Correlations

PPYIX Fund

USD 9.65 0.07 0.72%

The current 90-days correlation between Pimco Rae Fundamental and Columbia Vertible Securities is -0.01 (i.e., Good diversification). The correlation of Pimco Rae 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 Rae Correlation With Market

Poor diversification

The correlation between Pimco Rae Fundamental and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Rae Fundamental 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 Rae Fundamental. 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

0.72	DODFX	Dodge International Stock	Pair Corr
0.96	DOXFX	Dodge Cox International	Pair Corr
0.95	OANIX	Oakmark International	Pair Corr
0.82	OAZIX	Oakmark International	Pair Corr
0.97	CIVVX	Causeway International	Pair Corr
0.76	CIVIX	Causeway International	Pair Corr
0.95	TRIGX	T Rowe Price	Pair Corr
0.99	FINVX	Fidelity Series Inte	Pair Corr
0.7	VIHAX	Vanguard International	Pair Corr
0.69	VTSAX	Vanguard Total Stock	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.69	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VTIAX	Vanguard Total Inter	Pair Corr
0.69	VFINX	Vanguard 500 Index	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.73	FLRYX	Nuveen Large Cap	Pair Corr
0.78	QRSAX	Fpa Queens Road	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr

Moving against Pimco Mutual Fund

0.42	HPQ	HP Inc	Pair Corr
0.41	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	CONOX	FSAWX	GACCX	PACIX	HNCVX	NCIAX
CONOX		0.94	0.89	0.89	0.95	0.94	CONOX
FSAWX	0.94		0.87	0.93	0.94	0.94	FSAWX
GACCX	0.89	0.87		0.84	0.85	0.84	GACCX
PACIX	0.89	0.93	0.84		0.94	0.96	PACIX
HNCVX	0.95	0.94	0.85	0.94		0.99	HNCVX
NCIAX	0.94	0.94	0.84	0.96	0.99		NCIAX
	CONOX	FSAWX	GACCX	PACIX	HNCVX	NCIAX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Rae 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 Rae'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
CONOX	0.76	0.10	0.09	0.19	0.79	(0.83)	1.68	(1.54)	6.60
FSAWX	0.11	0.02	(0.14)	0.38	0.00	(0.14)	0.19	(0.09)	1.03
GACCX	0.47	0.06	0.02	0.47	0.48	(0.49)	0.88	(1.04)	2.44
PACIX	0.73	0.11	0.07	0.83	0.81	(0.76)	1.64	(1.38)	3.86
HNCVX	0.72	0.05	0.03	0.12	0.88	(0.77)	1.60	(1.53)	3.96
NCIAX	0.72	0.05	0.04	0.12	0.82	(0.75)	1.64	(1.41)	3.49

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