Pimco Strategic Correlations

RCS Fund

USD 5.83 0.03 0.51%

The current 90-days correlation between Pimco Strategic Income and Pimco Income Strategy is 0.1 (i.e., Average diversification). The correlation of Pimco Strategic 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 Strategic Correlation With Market

Excellent diversification

The correlation between Pimco Strategic Income and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Strategic Income 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 Strategic Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving against Pimco Fund

0.86	WMFFX	Washington Mutual	Pair Corr
0.85	ASYIX	Strategic Income	Pair Corr
0.85	RLNCX	International Developed	Pair Corr
0.84	MSSIX	Victory Trivalent	Pair Corr
0.84	COBYX	The Cook	Pair Corr
0.84	VWEAX	Vanguard High Yield	Pair Corr
0.83	CEUFX	Europacific Growth	Pair Corr
0.83	TRPIX	T Rowe Price	Pair Corr
0.82	AAERX	American Beacon Intl	Pair Corr
0.82	PTMAX	Prudential Qma Large	Pair Corr
0.82	TCVAX	Touchstone Mid Cap	Pair Corr
0.82	HSTRX	Hussman Strategic Total	Pair Corr
0.81	LMNVX	Clearbridge Value Trust	Pair Corr
0.81	MXCPX	Great West Servative	Pair Corr
0.8	CGNGX	American Funds Growth	Pair Corr
0.78	CCCMX	Capital Group California	Pair Corr
0.78	GCFRX	Nationwide Investor	Pair Corr
0.77	VNDFX	Viking Tax Free	Pair Corr
0.75	NBPAX	Nuveen Pennsylvania	Pair Corr
0.72	TIAGX	Timothy Aggressive Growth	Pair Corr
0.69	TRJWX	T Rowe Price	Pair Corr
0.69	CPDIX	Columbia Capital All	Pair Corr
0.58	NHS	Neuberger Berman High	Pair Corr
0.58	GOBSX	Legg Mason Bw	Pair Corr
0.57	FSKAX	Fidelity Total Market	Pair Corr
0.55	FELCX	Fidelity Advisor Sem	Pair Corr
0.88	PNEAX	Allianzgi Nfj Dividend	Pair Corr
0.86	FAFDX	Fidelity Advisor Fin	Pair Corr
0.86	LTTSX	Mfs Lifetime 2025	Pair Corr
0.85	REETX	American Funds 2030	Pair Corr
0.85	SNDPX	Diversified Municipal	Pair Corr
0.85	EMLCX	Mfs Emerging Markets	Pair Corr
0.85	TREHX	T Rowe Price	Pair Corr
0.84	IPFIX	Victory Incore	Pair Corr
0.84	FBNIX	Fidelity Short Term	Pair Corr
0.83	MFCAX	Meridian Contrarian	Pair Corr
0.83	CSMEX	Carillon Scout Mid	Pair Corr
0.83	MKLOX	Blackrock Global All	Pair Corr
0.81	CCGSX	Chautauqua Global Growth	Pair Corr
0.78	NCBVX	Prudential Qma Mid	Pair Corr

Related Correlations Analysis

	PFL	ASG	NCV	EDD	ARDC	JGH	NAN	BRW	AFB	AWP
PFL		0.43	0.69	0.87	0.12	0.38	-0.26	-0.38	0.23	0.74	PFL
ASG	0.43		0.73	0.38	0.27	0.77	-0.09	0.15	0.48	0.36	ASG
NCV	0.69	0.73		0.75	0.52	0.75	-0.14	-0.3	0.53	0.57	NCV
EDD	0.87	0.38	0.75		0.18	0.52	-0.22	-0.62	0.34	0.75	EDD
ARDC	0.12	0.27	0.52	0.18		0.44	0.34	-0.07	0.59	0.15	ARDC
JGH	0.38	0.77	0.75	0.52	0.44		-0.04	-0.22	0.73	0.35	JGH
NAN	-0.26	-0.09	-0.14	-0.22	0.34	-0.04		0.36	0.41	0.0	NAN
BRW	-0.38	0.15	-0.3	-0.62	-0.07	-0.22	0.36		-0.07	-0.42	BRW
AFB	0.23	0.48	0.53	0.34	0.59	0.73	0.41	-0.07		0.25	AFB
AWP	0.74	0.36	0.57	0.75	0.15	0.35	0.0	-0.42	0.25		AWP
	PFL	ASG	NCV	EDD	ARDC	JGH	NAN	BRW	AFB	AWP

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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

EDD	+ 0.87	PFL
JGH	+ 0.77	ASG
EDD	+ 0.75	NCV
JGH	+ 0.75	NCV
AWP	+ 0.75	EDD
AWP	+ 0.74	PFL

High negative correlations

BRW	- 0.62	EDD
AWP	- 0.42	BRW
BRW	- 0.38	PFL
BRW	- 0.3	NCV
NAN	- 0.26	PFL
BRW	- 0.22	JGH

Risk-Adjusted Indicators

There is a big difference between Pimco Fund performing well and Pimco Strategic 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 Strategic'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
PFL	0.27	0.01	(0.10)	0.13	0.31	(0.29)	0.60	(0.61)	1.60
ASG	0.69	(0.07)	0.00	(0.03)	0.00	0.00	1.72	(1.69)	3.53
NCV	0.65	0.09	0.08	0.21	0.65	(0.70)	1.48	(1.31)	3.41
EDD	0.53	0.17	0.14	0.64	0.43	(0.64)	1.46	(1.08)	3.29
ARDC	0.37	0.02	(0.07)	0.15	0.39	(0.46)	0.90	(0.61)	3.12
JGH	0.33	0.00	(0.13)	0.06	0.34	(0.40)	0.80	(0.64)	1.94
NAN	0.28	(0.01)	(0.18)	(0.18)	0.33	(0.31)	0.62	(0.61)	1.34
BRW	0.44	(0.09)	0.00	(0.28)	0.00	0.00	0.85	(0.98)	2.30
AFB	0.27	(0.01)	(0.18)	0.00	0.28	(0.32)	0.65	(0.46)	1.47
AWP	0.61	0.00	(0.05)	0.08	0.71	(0.72)	1.32	(1.32)	3.66

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