Pimco Equity Correlations

PBLLX Fund

13.43 0.07 0.52%

The current 90-days correlation between Pimco Equity Series and Morningstar Defensive Bond is 0.07 (i.e., Significant diversification). The correlation of Pimco Equity 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 Equity Correlation With Market

Very weak diversification

The correlation between Pimco Equity Series and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Equity Series 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 Equity Series. 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 bureau of economic analysis.

Moving together with Pimco Mutual Fund

0.79	PWLEX	Pimco Rae Worldwide	Pair Corr
0.79	PWLBX	Pimco Rae Worldwide	Pair Corr
0.79	PWLMX	Pimco Rae Worldwide	Pair Corr
0.79	PWLIX	Pimco Rae Worldwide	Pair Corr
0.64	PFATX	Pimco Fundamental	Pair Corr
0.72	PFGAX	Long Term Government	Pair Corr
0.7	PFGCX	Long Term Government	Pair Corr
0.61	PFMIX	Municipal Bond	Pair Corr
0.65	PFRMX	Pimco Inflation Response	Pair Corr
0.68	PFSIX	Pimco Emerging Markets	Pair Corr
0.63	PFUUX	Pimco Foreign Bond	Pair Corr
0.66	PFUIX	Foreign Bond	Pair Corr
0.66	PFUNX	Pimco International Bond	Pair Corr
0.69	PFUPX	Pimco Foreign Bond	Pair Corr
0.84	PXTIX	Fundamental Indexplus	Pair Corr
0.84	PXTNX	Pimco Rae Plus	Pair Corr

Moving against Pimco Mutual Fund

0.37

PFTCX

Short Term Fund

Pair Corr

Related Correlations Analysis

	MSTBX	PRFHX	FMMRX	TTRBX	PATFX	PRVBX
MSTBX		0.5	0.51	0.73	0.43	0.59	MSTBX
PRFHX	0.5		0.91	0.74	0.92	0.49	PRFHX
FMMRX	0.51	0.91		0.8	0.97	0.51	FMMRX
TTRBX	0.73	0.74	0.8		0.79	0.8	TTRBX
PATFX	0.43	0.92	0.97	0.79		0.56	PATFX
PRVBX	0.59	0.49	0.51	0.8	0.56		PRVBX
	MSTBX	PRFHX	FMMRX	TTRBX	PATFX	PRVBX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Equity 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 Equity'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
MSTBX	0.10	(0.01)	(0.29)	(1.37)	0.11	(0.14)	0.21	(0.21)	0.62
PRFHX	0.21	(0.02)	0.00	(0.81)	0.00	0.00	0.45	(0.54)	1.62
FMMRX	0.19	(0.02)	0.00	(0.40)	0.00	0.00	0.39	(0.48)	1.44
TTRBX	0.15	(0.02)	0.00	(0.66)	0.00	0.00	0.41	(0.30)	1.01
PATFX	0.22	(0.03)	0.00	(0.50)	0.00	0.00	0.45	(0.45)	1.79
PRVBX	0.10	(0.01)	(0.38)	(0.23)	0.10	(0.12)	0.22	(0.20)	0.58

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