Pimco Trends Correlations

PQTNX Fund

USD 10.38 0.03 0.29%

The current 90-days correlation between Pimco Trends Managed and L Abbett Growth is -0.07 (i.e., Good 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

Good diversification

The correlation between Pimco Trends Managed and DJI is -0.15 (i.e., Good 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 board of governors.

Moving together with Pimco Mutual Fund

0.9

PFTCX

Short Term Fund

Pair Corr

Moving against Pimco Mutual Fund

0.73	PFATX	Pimco Fundamental	Pair Corr
0.72	PFGCX	Long Term Government	Pair Corr
0.67	PFGAX	Long Term Government	Pair Corr
0.62	PWLEX	Pimco Rae Worldwide	Pair Corr
0.61	PWLBX	Pimco Rae Worldwide	Pair Corr
0.61	PWLMX	Pimco Rae Worldwide	Pair Corr
0.48	PWLIX	Pimco Rae Worldwide	Pair Corr
0.44	PFCJX	Pimco Preferred And	Pair Corr
0.81	PFRCX	Foreign Bond	Pair Corr
0.81	PFUUX	Pimco Foreign Bond	Pair Corr
0.8	PFUIX	Foreign Bond	Pair Corr
0.76	PFUAX	Foreign Bond	Pair Corr
0.72	PFRMX	Pimco Inflation Response	Pair Corr
0.69	PFSIX	Pimco Emerging Markets	Pair Corr
0.81	PFUNX	Pimco International Bond	Pair Corr
0.8	PFUPX	Pimco Foreign Bond	Pair Corr
0.7	PGOVX	Long Term Government	Pair Corr
0.53	PGCAX	Investment Grade Porate	Pair Corr
0.37	PYMCX	Pimco High Yield	Pair Corr
0.37	PYMPX	Pimco High Yield	Pair Corr

Related Correlations Analysis

	LGLSX	MSSGX	PRNHX	TRSAX	LMLRX	CVGRX	FGTZX
LGLSX		0.96	0.5	0.32	0.36	0.55	0.42	LGLSX
MSSGX	0.96		0.43	0.22	0.29	0.5	0.37	MSSGX
PRNHX	0.5	0.43		0.84	0.83	0.8	0.76	PRNHX
TRSAX	0.32	0.22	0.84		0.86	0.77	0.78	TRSAX
LMLRX	0.36	0.29	0.83	0.86		0.79	0.87	LMLRX
CVGRX	0.55	0.5	0.8	0.77	0.79		0.82	CVGRX
FGTZX	0.42	0.37	0.76	0.78	0.87	0.82		FGTZX
	LGLSX	MSSGX	PRNHX	TRSAX	LMLRX	CVGRX	FGTZX

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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
LGLSX	1.04	0.17	0.11	0.35	1.33	(1.03)	2.43	(2.37)	7.49
MSSGX	1.58	0.42	0.23	0.90	1.52	(1.99)	3.81	(2.32)	11.74
PRNHX	0.85	0.02	0.02	0.04	1.20	(0.85)	1.69	(1.60)	7.56
TRSAX	0.90	(0.03)	0.00	(0.13)	0.00	0.00	1.54	(2.26)	8.77
LMLRX	0.28	(0.01)	0.00	(0.08)	0.00	0.00	0.54	(0.54)	2.14
CVGRX	0.89	(0.02)	0.00	(0.11)	0.00	0.00	1.62	(2.15)	8.00
FGTZX	0.46	(0.01)	0.00	(0.11)	0.70	(0.46)	1.01	(1.02)	3.57

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