Pimco Funds Correlations

AMAXX Fund

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The current 90-days correlation between Pimco Funds and Vanguard Total Stock is 0.08 (i.e., Significant diversification). The correlation of Pimco Funds 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 Funds Correlation With Market

Good diversification

The correlation between Pimco Funds and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Funds and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pimco Funds . Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Pimco Money Market Fund

0.67

Boeing

Pair Corr

Moving against Pimco Money Market Fund

0.67	AA	Alcoa Corp	Pair Corr
0.47	BRUFX	Bruce Fund Bruce	Pair Corr
0.33	SPGSX	State Street Premier	Pair Corr
0.71	XOM	Exxon Mobil Corp	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.51	PG	Procter Gamble	Pair Corr
0.46	DIS	Walt Disney	Pair Corr
0.41	DD	Dupont De Nemours	Pair Corr
0.4	CVX	Chevron Corp	Pair Corr
0.38	CAT	Caterpillar	Pair Corr
0.35	HD	Home Depot	Pair Corr
0.34	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.98	1.0	0.82	1.0	1.0	0.98	0.98	0.65	0.65	VTSAX
VFIAX	0.98		0.98	0.78	0.98	0.98	1.0	1.0	0.72	0.71	VFIAX
VTSMX	1.0	0.98		0.82	1.0	1.0	0.98	0.98	0.65	0.65	VTSMX
VITSX	0.82	0.78	0.82		0.82	0.82	0.78	0.78	0.51	0.51	VITSX
VSTSX	1.0	0.98	1.0	0.82		1.0	0.98	0.98	0.65	0.65	VSTSX
VSMPX	1.0	0.98	1.0	0.82	1.0		0.98	0.98	0.65	0.65	VSMPX
VFINX	0.98	1.0	0.98	0.78	0.98	0.98		1.0	0.71	0.71	VFINX
VFFSX	0.98	1.0	0.98	0.78	0.98	0.98	1.0		0.72	0.71	VFFSX
VGTSX	0.65	0.72	0.65	0.51	0.65	0.65	0.71	0.72		1.0	VGTSX
VTIAX	0.65	0.71	0.65	0.51	0.65	0.65	0.71	0.71	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between Pimco Money Market Fund performing well and Pimco Funds Money Market 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 Funds' 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
VTSAX	0.63	(0.03)	0.00	0.17	0.00	0.00	1.08	(1.53)	3.96
VFIAX	0.61	(0.02)	0.00	0.10	0.00	0.00	1.09	(1.52)	3.76
VTSMX	0.63	(0.03)	0.00	0.17	0.00	0.00	1.08	(1.54)	3.98
VITSX	0.64	0.00	0.00	(0.02)	0.00	0.00	1.10	(1.53)	3.97
VSTSX	0.63	(0.03)	0.00	0.17	0.00	0.00	1.09	(1.53)	3.97
VSMPX	0.63	(0.03)	0.00	0.17	0.00	0.00	1.09	(1.54)	3.96
VFINX	0.61	(0.02)	0.00	0.10	0.00	0.00	1.09	(1.52)	3.77
VFFSX	0.61	(0.02)	0.00	0.10	0.00	0.00	1.09	(1.52)	3.76
VGTSX	0.52	0.05	0.10	(0.43)	0.68	(0.52)	1.13	(1.07)	2.95
VTIAX	0.52	0.05	0.10	(0.43)	0.67	(0.50)	1.12	(1.07)	3.00

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