PIMCO Preferred Correlations

PRFD Etf

52.02 0.13 0.25%

The current 90-days correlation between PIMCO Preferred And and iShares MSCI Netherlands is -0.01 (i.e., Good diversification). The correlation of PIMCO Preferred 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.

PIMCO Preferred Correlation With Market

Very poor diversification

The correlation between PIMCO Preferred And and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PIMCO Preferred And and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PIMCO Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PIMCO Preferred And. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with PIMCO Etf

0.92	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.95	FPE	First Trust Preferred Sell-off Trend	Pair Corr
0.81	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.9	PFFD	Global X Preferred	Pair Corr
0.97	VRP	Invesco Variable Rate	Pair Corr
0.77	PGF	Invesco Financial	Pair Corr
0.8	PSK	SPDR ICE Preferred	Pair Corr
0.94	PFXF	VanEck Preferred Sec	Pair Corr
0.95	FPEI	First Trust Institutional	Pair Corr
0.91	PFFA	Virtus InfraCap Preferred	Pair Corr
0.87	SIXD	AIM ETF Products	Pair Corr
0.84	VBK	Vanguard Small Cap	Pair Corr
0.86	RDIV	Invesco SP Ultra	Pair Corr
0.94	AHYB	American Century ETF	Pair Corr
0.96	BINC	BlackRock ETF Trust	Pair Corr
0.89	AA	Alcoa Corp	Pair Corr
0.83	INTC	Intel	Pair Corr
0.87	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.91	BA	Boeing	Pair Corr
0.87	MRK	Merck Company Sell-off Trend	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.86	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against PIMCO Etf

0.79	VXX	iPath Series B Buyout Trend	Pair Corr
0.79	VIXY	ProShares VIX Short Buyout Trend	Pair Corr
0.76	VIXM	ProShares VIX Mid	Pair Corr
0.76	VXZ	iPath Series B	Pair Corr
0.5	PLTI	REX ETF Trust	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	GREK	CLOU	DAX	PSP	BKCH	RWX	EWN
GREK		-0.8	0.83	0.44	-0.25	0.88	0.93	GREK
CLOU	-0.8		-0.49	-0.02	0.45	-0.74	-0.69	CLOU
DAX	0.83	-0.49		0.76	-0.05	0.8	0.9	DAX
PSP	0.44	-0.02	0.76		0.21	0.36	0.59	PSP
BKCH	-0.25	0.45	-0.05	0.21		-0.16	0.0	BKCH
RWX	0.88	-0.74	0.8	0.36	-0.16		0.91	RWX
EWN	0.93	-0.69	0.9	0.59	0.0	0.91		EWN
	GREK	CLOU	DAX	PSP	BKCH	RWX	EWN

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

EWN	+ 0.93	GREK
EWN	+ 0.91	RWX
EWN	+ 0.9	DAX
RWX	+ 0.88	GREK
DAX	+ 0.83	GREK
RWX	+ 0.8	DAX

High negative correlations

CLOU	- 0.8	GREK
RWX	- 0.74	CLOU
EWN	- 0.69	CLOU
DAX	- 0.49	CLOU
BKCH	- 0.25	GREK
RWX	- 0.16	BKCH

PIMCO Preferred Constituents Risk-Adjusted Indicators

There is a big difference between PIMCO Etf performing well and PIMCO Preferred ETF 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 Preferred'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
GREK	0.97	0.23	0.18	0.48	0.77	(1.14)	2.33	(1.89)	5.61
CLOU	1.20	(0.27)	0.00	2.24	0.00	0.00	2.01	(3.00)	8.31
DAX	0.71	0.04	0.02	0.14	0.82	(0.72)	1.35	(1.36)	3.66
PSP	0.90	(0.10)	(0.06)	0.00	1.53	(0.81)	1.79	(2.42)	6.91
BKCH	4.04	(0.70)	0.00	(0.18)	0.00	0.00	8.62	(9.79)	24.92
RWX	0.55	0.13	0.04	(3.21)	0.57	(0.56)	1.12	(1.16)	2.68
EWN	0.89	0.09	0.08	0.19	0.97	(0.94)	2.01	(1.52)	4.87

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