Pimco Total Correlations

PTTPX Fund

USD 8.54 0.01 0.12%

The current 90-days correlation between Pimco Total Return and Qs Large Cap is -0.04 (i.e., Good diversification). The correlation of Pimco Total 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 Total Correlation With Market

Good diversification

The correlation between Pimco Total Return 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 Total Return 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 Total Return. 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 american community survey.

Moving together with Pimco Mutual Fund

0.74	PFATX	Pimco Fundamental	Pair Corr
0.96	PFGAX	Long Term Government	Pair Corr
0.96	PFGCX	Long Term Government	Pair Corr
0.75	PFMIX	Municipal Bond	Pair Corr
0.91	PFRCX	Foreign Bond	Pair Corr
0.89	PFSIX	Pimco Emerging Markets	Pair Corr
0.9	PFUUX	Pimco Foreign Bond	Pair Corr
0.9	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
0.84	PGBIX	Global Bond Fund	Pair Corr

Moving against Pimco Mutual Fund

0.73	PFTCX	Short Term Fund	Pair Corr
0.32	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.37	PXTNX	Pimco Rae Plus	Pair Corr
0.36	PXTIX	Fundamental Indexplus	Pair Corr

Related Correlations Analysis

	LMUSX	FBMPX	ADGAX	SILLX	TQAAX	BOSVX
LMUSX		0.95	0.99	0.98	0.95	0.86	LMUSX
FBMPX	0.95		0.93	0.93	0.87	0.72	FBMPX
ADGAX	0.99	0.93		0.97	0.96	0.87	ADGAX
SILLX	0.98	0.93	0.97		0.96	0.85	SILLX
TQAAX	0.95	0.87	0.96	0.96		0.94	TQAAX
BOSVX	0.86	0.72	0.87	0.85	0.94		BOSVX
	LMUSX	FBMPX	ADGAX	SILLX	TQAAX	BOSVX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Total 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 Total'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
LMUSX	0.62	0.03	0.02	0.15	0.72	(0.71)	1.52	(1.49)	4.15
FBMPX	0.74	0.05	0.01	0.19	0.81	(0.75)	1.59	(1.72)	4.09
ADGAX	0.56	(0.01)	(0.03)	0.11	0.69	(0.58)	1.11	(1.59)	4.36
SILLX	0.58	(0.01)	(0.05)	0.10	0.72	(0.63)	1.44	(1.31)	3.90
TQAAX	0.83	(0.03)	0.01	0.10	0.97	(0.88)	1.97	(1.51)	6.10
BOSVX	1.01	(0.05)	0.03	0.09	0.82	(1.18)	2.15	(1.62)	8.98

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