Pimco Access Correlations

XPAAX Fund

USD 15.40 0.02 0.13%

The correlation of Pimco Access 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.

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Moving against Pimco Mutual Fund

0.36	WMT	Walmart Common Stock	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.35	TRV	The Travelers Companies	Pair Corr
0.34	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	QMHIX	LIFAX	ABNYX	GMQPX	QCILIX	RYIFX
QMHIX		-0.1	-0.27	0.78	-0.21	0.5	QMHIX
LIFAX	-0.1		0.43	0.24	0.21	0.48	LIFAX
ABNYX	-0.27	0.43		0.12	0.89	0.27	ABNYX
GMQPX	0.78	0.24	0.12		0.17	0.8	GMQPX
QCILIX	-0.21	0.21	0.89	0.17		0.22	QCILIX
RYIFX	0.5	0.48	0.27	0.8	0.22		RYIFX
	QMHIX	LIFAX	ABNYX	GMQPX	QCILIX	RYIFX

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

QCILIX	+ 0.89	ABNYX
RYIFX	+ 0.8	GMQPX
GMQPX	+ 0.78	QMHIX
RYIFX	+ 0.5	QMHIX
RYIFX	+ 0.48	LIFAX
ABNYX	+ 0.43	LIFAX

High negative correlations

ABNYX	- 0.27	QMHIX
QCILIX	- 0.21	QMHIX
LIFAX	- 0.1	QMHIX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Access 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 Access' 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
QMHIX	0.75	0.04	0.00	0.17	1.04	(0.75)	1.41	(1.98)	4.49
LIFAX	0.08	(0.01)	(0.79)	(1.55)	0.09	(0.12)	0.17	(0.17)	0.59
ABNYX	0.07	(0.01)	(0.64)	(1.12)	0.08	(0.11)	0.09	(0.09)	0.57
GMQPX	0.39	0.00	(0.09)	0.08	0.39	(0.47)	0.95	(0.64)	2.06
QCILIX	0.09	(0.01)	(0.62)	(0.24)	0.10	(0.10)	0.19	(0.15)	0.62
RYIFX	0.62	0.00	(0.03)	0.08	0.79	(0.62)	1.20	(1.24)	4.43

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