Pimco Trends Correlations

PQTAX Fund

USD 10.06 0.04 0.40%

The current 90-days correlation between Pimco Trends Managed and Asg Managed Futures is 0.74 (i.e., Poor diversification). The correlation of Pimco Trends 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 Trends Correlation With Market

Weak diversification

The correlation between Pimco Trends Managed and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Trends Managed 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 Trends Managed. 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 nation.

Moving together with Pimco Mutual Fund

0.63	PFGAX	Long Term Government	Pair Corr
0.63	PFGCX	Long Term Government	Pair Corr

Moving against Pimco Mutual Fund

0.55	PFTCX	Short Term Fund	Pair Corr
0.42	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.39	PFINX	Pimco Capital Sec	Pair Corr
0.39	PFNUX	Pimco Dynamic Bond	Pair Corr
0.39	PFPNX	Pimco Capital Sec	Pair Corr
0.38	PFANX	Pimco Capital Sec	Pair Corr
0.38	PFNNX	Pimco Preferred And	Pair Corr
0.35	PFCJX	Pimco Preferred And	Pair Corr
0.55	PDI	Pimco Dynamic Income	Pair Corr
0.39	PGAPX	Pimco Global Multi	Pair Corr
0.39	PGAIX	Pimco Global Multi	Pair Corr
0.38	PZCRX	Pimco Credit Absolute	Pair Corr
0.36	PXTIX	Fundamental Indexplus	Pair Corr
0.36	PGMCX	Pimco Global Multi	Pair Corr
0.35	PXTNX	Pimco Rae Plus	Pair Corr
0.33	PHSIX	Pimco High Yield	Pair Corr
0.32	PHSAX	Pimco High Yield	Pair Corr

Related Correlations Analysis

	AMFAX	ASFYX	AQMNX	DBMF	PQTIX
AMFAX		1.0	0.4	0.82	0.85	AMFAX
ASFYX	1.0		0.4	0.82	0.85	ASFYX
AQMNX	0.4	0.4		0.25	0.4	AQMNX
DBMF	0.82	0.82	0.25		0.46	DBMF
PQTIX	0.85	0.85	0.4	0.46		PQTIX
	AMFAX	ASFYX	AQMNX	DBMF	PQTIX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Trends 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 Trends' 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
AMFAX	0.39	(0.06)	0.00	(0.04)	0.00	0.00	0.79	(0.92)	2.43
ASFYX	0.40	(0.06)	0.00	(0.03)	0.00	0.00	0.70	(0.90)	2.29
AQMNX	0.37	0.01	(0.15)	0.14	0.38	(0.39)	0.72	(0.71)	1.78
DBMF	0.34	(0.07)	0.00	(0.11)	0.00	0.00	0.51	(0.83)	2.11
PQTIX	0.49	(0.05)	0.00	(0.03)	0.00	0.00	0.80	(1.07)	2.40

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