Pimco Long-term Correlations

PTCIX Fund

USD 8.85 0.03 0.34%

The current 90-days correlation between Pimco Long Term and Blackrock Moderate Prepared is 0.3 (i.e., Weak diversification). The correlation of Pimco Long-term 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 Long-term Correlation With Market

Good diversification

The correlation between Pimco Long Term Credit and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Long Term Credit 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 Long Term Credit. 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

0.74	PFATX	Pimco Fundamental	Pair Corr
0.97	PFGAX	Long Term Government	Pair Corr
0.97	PFGCX	Long Term Government	Pair Corr
0.74	PFMIX	Municipal Bond	Pair Corr
0.9	PFRCX	Foreign Bond	Pair Corr
0.87	PFSIX	Pimco Emerging Markets	Pair Corr
0.9	PFUUX	Pimco Foreign Bond	Pair Corr
0.89	PFUAX	Foreign Bond	Pair Corr
0.9	PFUIX	Foreign Bond	Pair Corr
0.9	PFUNX	Pimco International Bond	Pair Corr
0.9	PFUPX	Pimco Foreign Bond	Pair Corr
0.81	PGBIX	Global Bond Fund	Pair Corr

Moving against Pimco Mutual Fund

0.35	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.74	PFTCX	Short Term Fund	Pair Corr
0.32	PFNUX	Pimco Dynamic Bond	Pair Corr
0.37	PXTIX	Fundamental Indexplus	Pair Corr
0.37	PXTNX	Pimco Rae Plus	Pair Corr

Related Correlations Analysis

	BIMPX	FRTCX	MODRX	HBAIX	SMOAX	TDIFX
BIMPX		0.94	0.41	0.86	0.88	0.93	BIMPX
FRTCX	0.94		0.32	0.88	0.88	0.95	FRTCX
MODRX	0.41	0.32		0.18	0.51	0.4	MODRX
HBAIX	0.86	0.88	0.18		0.65	0.79	HBAIX
SMOAX	0.88	0.88	0.51	0.65		0.95	SMOAX
TDIFX	0.93	0.95	0.4	0.79	0.95		TDIFX
	BIMPX	FRTCX	MODRX	HBAIX	SMOAX	TDIFX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Long-term 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 Long-term'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
BIMPX	0.25	(0.02)	(0.32)	0.03	0.25	(0.36)	0.68	(0.60)	1.58
FRTCX	0.23	(0.01)	(0.32)	0.08	0.21	(0.25)	0.57	(0.48)	1.25
MODRX	0.29	(0.03)	(0.32)	(0.03)	0.32	(0.46)	0.72	(0.63)	1.52
HBAIX	0.36	(0.03)	(0.18)	0.06	0.42	(0.39)	0.83	(0.68)	2.22
SMOAX	0.20	(0.02)	(0.44)	0.03	0.19	(0.24)	0.42	(0.42)	1.10
TDIFX	0.16	(0.02)	(0.51)	0.02	0.14	(0.19)	0.35	(0.26)	0.95

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