Pimco Senior Correlations

PSRZX Fund

USD 9.16 0.01 0.11%

The current 90-days correlation between Pimco Senior Floating and Great West Government Mortgage is 0.27 (i.e., Modest diversification). The correlation of Pimco Senior 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 Senior Correlation With Market

Modest diversification

The correlation between Pimco Senior Floating and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Senior Floating 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 Senior Floating. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Pimco Mutual Fund

0.92	OOSYX	Oppenheimer Senior	Pair Corr
0.92	OOSIX	Oppenheimer Senior	Pair Corr
0.97	LFRIX	Floating Rate	Pair Corr
0.96	LARCX	Floating Rate	Pair Corr
0.96	LFRRX	Lord Abbett Inv	Pair Corr
0.97	LFRFX	Floating Rate	Pair Corr
0.96	LRRRX	Floating Rate	Pair Corr
0.97	LRRTX	Floating Rate	Pair Corr
0.96	LRRVX	Floating Rate	Pair Corr
0.96	LRRKX	Floating Rate	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr

Moving against Pimco Mutual Fund

0.35	HLDCX	Hartford Emerging	Pair Corr
0.34	HLDRX	Hartford Emerging	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.63	INTC	Intel	Pair Corr
0.52	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.45	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.35	TRV	The Travelers Companies	Pair Corr
0.32	HLDTX	Hartford Emerging	Pair Corr

Related Correlations Analysis

	MXDQX	BIGLX	UGSDX	PYUSX	RYAQX	WMBDX	FCSCX
MXDQX		0.98	-0.38	0.41	-0.81	0.99	-0.16	MXDQX
BIGLX	0.98		-0.37	0.41	-0.82	0.99	-0.15	BIGLX
UGSDX	-0.38	-0.37		0.3	0.69	-0.35	0.66	UGSDX
PYUSX	0.41	0.41	0.3		-0.06	0.46	0.7	PYUSX
RYAQX	-0.81	-0.82	0.69	-0.06		-0.8	0.55	RYAQX
WMBDX	0.99	0.99	-0.35	0.46	-0.8		-0.09	WMBDX
FCSCX	-0.16	-0.15	0.66	0.7	0.55	-0.09		FCSCX
	MXDQX	BIGLX	UGSDX	PYUSX	RYAQX	WMBDX	FCSCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WMBDX	+ 0.99	MXDQX
WMBDX	+ 0.99	BIGLX
BIGLX	+ 0.98	MXDQX
FCSCX	+ 0.7	PYUSX
RYAQX	+ 0.69	UGSDX
FCSCX	+ 0.66	UGSDX

High negative correlations

RYAQX	- 0.82	BIGLX
RYAQX	- 0.81	MXDQX
WMBDX	- 0.8	RYAQX
UGSDX	- 0.38	MXDQX
UGSDX	- 0.37	BIGLX
WMBDX	- 0.35	UGSDX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Senior 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 Senior'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
MXDQX	0.23	(0.01)	(0.27)	(0.31)	0.28	(0.33)	0.50	(0.50)	1.75
BIGLX	0.26	(0.02)	(0.23)	(0.15)	0.33	(0.34)	0.66	(0.55)	1.78
UGSDX	0.03	0.00	0.00	0.06	0.00	0.00	0.00	0.00	1.03
PYUSX	0.11	0.00	(0.54)	(0.04)	0.06	(0.18)	0.32	(0.21)	0.75
RYAQX	0.64	0.10	0.00	(0.64)	0.72	(0.73)	1.44	(1.32)	5.22
WMBDX	0.24	(0.01)	(0.26)	(0.20)	0.29	(0.32)	0.77	(0.64)	1.67
FCSCX	0.05	0.00	(0.59)	2.25	0.00	(0.23)	0.13	(0.13)	0.67

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC