Pcm Fund Correlations

PCM Fund

USD 6.55 0.02 0.31%

The current 90-days correlation between Pcm Fund and Pimco Global Stocksplus is 0.07 (i.e., Significant 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 -0.1 (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 against Pcm Fund

0.8	RULFX	Rbc Ultra Short	Pair Corr
0.77	0P0001GXZ7	Oaktree (lux)	Pair Corr
0.63	CWFCX	Carillon Chartwell Short	Pair Corr
0.54	SHRMX	Stone Ridge High	Pair Corr
0.53	LBHIX	Thrivent High Yield	Pair Corr
0.5	DNP	Dnp Select Income	Pair Corr
0.48	JAARX	Alternative Asset	Pair Corr
0.47	PTY	Pimco Corporate Income	Pair Corr
0.43	BERIX	Berwyn Income	Pair Corr
0.42	PHIYX	High Yield Fund	Pair Corr
0.37	JHYUX	Jpmorgan High Yield	Pair Corr
0.32	VWILX	Vanguard International	Pair Corr
0.31	TIERX	Tiaa Cref International	Pair Corr
0.69	QRPNX	Aqr Alternative Risk	Pair Corr
0.63	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.61	JGIAX	Jpmorgan Income	Pair Corr
0.59	TAAQX	Transam Short Term	Pair Corr
0.58	UASBX	Short Term Bond	Pair Corr
0.5	JAAAX	Alternative Asset	Pair Corr
0.49	ADX	Adams Diversified Equity	Pair Corr
0.46	BDKAX	Braddock Multi Strategy	Pair Corr
0.43	JAACX	Alternative Asset	Pair Corr
0.39	ARDC	Ares Dynamic Credit	Pair Corr
0.37	TRIEX	Tiaa Cref International	Pair Corr

Related Correlations Analysis

	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ
PHK		0.46	0.88	0.72	0.6	0.89	0.72	0.88	0.67	PHK
PFL	0.46		0.57	0.7	0.9	0.52	0.88	0.66	0.79	PFL
PCN	0.88	0.57		0.84	0.64	0.87	0.76	0.93	0.74	PCN
PAXS	0.72	0.7	0.84		0.71	0.81	0.86	0.88	0.88	PAXS
PFN	0.6	0.9	0.64	0.71		0.58	0.86	0.71	0.77	PFN
PGP	0.89	0.52	0.87	0.81	0.58		0.76	0.88	0.74	PGP
PTY	0.72	0.88	0.76	0.86	0.86	0.76		0.89	0.92	PTY
BTZ	0.88	0.66	0.93	0.88	0.71	0.88	0.89		0.86	BTZ
BDJ	0.67	0.79	0.74	0.88	0.77	0.74	0.92	0.86		BDJ
	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ

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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	0.30	0.00	0.01	0.02	0.44	(0.33)	0.63	(0.81)	2.06
PFL	0.25	0.04	0.15	0.36	0.15	(0.30)	0.86	(0.49)	1.80
PCN	0.32	(0.01)	0.00	(0.11)	0.63	(0.28)	0.68	(0.94)	2.38
PAXS	0.52	(0.03)	0.00	(0.10)	0.00	0.00	1.38	(1.14)	3.10
PFN	0.26	0.04	0.15	(1.02)	0.20	(0.32)	0.55	(0.41)	1.78
PGP	0.64	0.03	0.04	0.12	0.80	(0.72)	1.71	(1.50)	5.01
PTY	0.18	0.03	0.10	0.87	0.20	(0.21)	0.42	(0.35)	1.40
BTZ	0.38	0.01	0.02	0.03	0.54	(0.41)	0.85	(0.87)	2.10
BDJ	0.66	0.00	0.00	(0.02)	0.75	(0.84)	1.62	(1.11)	3.03

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Pcm Fund Correlations

Pcm Fund Correlation With Market

Good diversification

Moving against Pcm Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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