Pcm Fund Correlations

PCM Fund

USD 6.44 0.03 0.46%

The current 90-days correlation between Pcm Fund and Pimco Global Stocksplus is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pcm Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pcm Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pcm Fund Correlation With Market

Good diversification

The correlation between Pcm Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pcm Fund 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 Pcm Fund. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Pcm Fund

0.69

SMPSX

Semiconductor Ultrasector Steady Growth

Pair Corr

Moving against Pcm Fund

0.71	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.69	HFHAX	Hartford Floating	Pair Corr
0.69	NSBDX	North Star Bond	Pair Corr
0.66	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.65	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.61	RAAEX	Short Term Bond	Pair Corr
0.59	GCSLX	Pioneer Global Equity	Pair Corr
0.58	KCLSX	Knights Of Umbus	Pair Corr
0.54	HRLSX	Hartford Global	Pair Corr
0.54	HFYTX	Hartford Schroders	Pair Corr
0.52	GTSXX	Money Market Obligations	Pair Corr
0.51	USSTX	Tax Exempt Short	Pair Corr
0.5	LSHEX	Kinetics Spin Off	Pair Corr
0.5	GAGEX	Guinness Atkinson Global	Pair Corr
0.49	LSHUX	Horizon Spin Off	Pair Corr
0.46	FOSKX	Fidelity Overseas	Pair Corr
0.42	JMM	Nuveen Multi Mrkt	Pair Corr
0.41	GGCPX	Goldman Sachs Intern	Pair Corr
0.34	FHKCX	Fidelity China Region	Pair Corr
0.78	ESACX	Wells Fargo Adjustable	Pair Corr
0.76	PTSRX	Short Term Fund	Pair Corr
0.74	HOSIX	Holbrook Structured	Pair Corr
0.71	OIBNX	Oppenheimer International	Pair Corr
0.55	IBRFX	Invesco Balanced Risk	Pair Corr
0.55	TEI	Templeton Emerging	Pair Corr
0.52	HWNIX	Hotchkis And Wiley	Pair Corr
0.5	FGCSX	Federated Short-intermedia	Pair Corr
0.49	FTTEX	Fidelity Total Inter	Pair Corr
0.46	HDVSX	Hartford International	Pair Corr

Related Correlations Analysis

	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ
PHK		0.69	0.9	0.82	0.73	0.86	0.76	0.87	0.74	PHK
PFL	0.69		0.67	0.87	0.96	0.8	0.83	0.68	0.8	PFL
PCN	0.9	0.67		0.83	0.74	0.83	0.83	0.93	0.76	PCN
PAXS	0.82	0.87	0.83		0.89	0.86	0.94	0.88	0.9	PAXS
PFN	0.73	0.96	0.74	0.89		0.8	0.89	0.77	0.84	PFN
PGP	0.86	0.8	0.83	0.86	0.8		0.83	0.83	0.8	PGP
PTY	0.76	0.83	0.83	0.94	0.89	0.83		0.92	0.94	PTY
BTZ	0.87	0.68	0.93	0.88	0.77	0.83	0.92		0.86	BTZ
BDJ	0.74	0.8	0.76	0.9	0.84	0.8	0.94	0.86		BDJ
	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Pcm Fund performing well and Pcm Fund 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 Pcm Fund'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
PHK	0.33	0.00	0.00	(0.13)	0.00	0.00	0.63	(0.82)	2.10
PFL	0.27	0.05	0.37	0.31	0.19	(0.33)	0.83	(0.49)	1.82
PCN	0.35	(0.01)	0.00	(0.17)	0.00	0.00	0.68	(0.88)	2.11
PAXS	0.54	0.04	0.13	0.01	0.70	(0.56)	1.31	(1.22)	3.61
PFN	0.26	0.04	0.33	0.33	0.25	(0.31)	0.54	(0.41)	1.39
PGP	0.64	0.00	0.00	(0.12)	0.00	0.00	1.14	(1.52)	5.75
PTY	0.22	0.00	0.19	(0.07)	0.37	(0.21)	0.42	(0.50)	1.82
BTZ	0.42	(0.01)	0.00	(0.14)	0.00	0.00	0.77	(0.93)	1.91
BDJ	0.74	0.08	0.12	0.02	0.83	(0.86)	1.63	(1.39)	3.50

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC