Pimco Flexible Correlations

PFALX Fund

USD 7.07 0.02 0.28%

The current 90-days correlation between Pimco Flexible Credit and Champlain Mid Cap is -0.08 (i.e., Good diversification). The correlation of Pimco Flexible 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 Flexible Correlation With Market

Average diversification

The correlation between Pimco Flexible Credit and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Flexible Credit 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 Flexible Credit. 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

0.63

HPQ

HP Inc

Pair Corr

Moving against Pimco Mutual Fund

0.57

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	CIPMX	MMDEX	PGRTX	LANIX	FRAAX	LGLSX	ARTSX	HSUAX
CIPMX		0.4	0.96	0.76	0.91	0.35	0.85	0.38	CIPMX
MMDEX	0.4		0.3	0.62	0.33	0.9	0.39	0.93	MMDEX
PGRTX	0.96	0.3		0.72	0.93	0.25	0.88	0.28	PGRTX
LANIX	0.76	0.62	0.72		0.76	0.57	0.76	0.63	LANIX
FRAAX	0.91	0.33	0.93	0.76		0.23	0.78	0.29	FRAAX
LGLSX	0.35	0.9	0.25	0.57	0.23		0.43	0.96	LGLSX
ARTSX	0.85	0.39	0.88	0.76	0.78	0.43		0.43	ARTSX
HSUAX	0.38	0.93	0.28	0.63	0.29	0.96	0.43		HSUAX
	CIPMX	MMDEX	PGRTX	LANIX	FRAAX	LGLSX	ARTSX	HSUAX

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Flexible 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 Flexible'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
CIPMX	0.82	(0.06)	0.00	(0.30)	0.00	0.00	1.26	(1.21)	12.40
MMDEX	0.71	0.09	0.07	0.54	0.98	(0.71)	1.64	(1.59)	5.43
PGRTX	1.02	(0.06)	0.00	(0.37)	0.00	0.00	1.68	(1.84)	11.99
LANIX	0.56	(0.08)	0.00	(0.79)	0.00	0.00	0.91	(0.87)	8.27
FRAAX	0.91	(0.06)	0.00	(0.30)	0.00	0.00	1.44	(2.52)	9.83
LGLSX	0.96	0.20	0.12	3.21	1.23	(0.95)	2.43	(1.75)	7.49
ARTSX	1.02	(0.07)	0.00	(0.19)	0.00	0.00	1.98	(2.17)	8.55
HSUAX	0.71	0.08	0.06	(6.36)	0.88	(0.79)	1.31	(1.23)	6.61

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