Pimco Fundamental Correlations

PFATX Fund

USD 8.03 0.06 0.75%

The current 90-days correlation between Pimco Fundamental and Diversified Bond Fund is 0.27 (i.e., Modest diversification). The correlation of Pimco Fundamental 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 Fundamental Correlation With Market

Significant diversification

The correlation between Pimco Fundamental Advantage and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Fundamental Advantage 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 Fundamental Advantage. 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 estimate.

Moving together with Pimco Mutual Fund

0.77	PWLIX	Pimco Rae Worldwide	Pair Corr
0.61	PFIIX	Pimco Floating Income	Pair Corr
0.82	PXTIX	Fundamental Indexplus	Pair Corr
0.77	PDI	Pimco Dynamic Income	Pair Corr
0.67	PIMIX	Pimco Income	Pair Corr
0.64	PLMIX	Pimco Emerging Markets	Pair Corr
0.64	PLMPX	Pimco Emerging Markets	Pair Corr
0.65	PMDRX	Moderate Duration	Pair Corr
0.67	PONPX	Pimco Incme Fund	Pair Corr
0.75	PRRIX	Real Return Fund	Pair Corr
0.72	PAAIX	All Asset Fund	Pair Corr
0.62	PAALX	All Asset Fund	Pair Corr
0.72	PAANX	Pimco All Asset	Pair Corr
0.72	PALPX	Pimco All Asset	Pair Corr
0.72	PASAX	All Asset Fund	Pair Corr

Moving against Pimco Mutual Fund

0.75	PQTAX	Pimco Trends Managed	Pair Corr
0.75	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	CDBCX	TLSHX	DLTZX	MDBSX	LIGFX	CAARX	PQCNX
CDBCX		0.77	0.34	0.89	0.77	0.83	0.99	CDBCX
TLSHX	0.77		0.64	0.79	0.98	0.91	0.8	TLSHX
DLTZX	0.34	0.64		0.5	0.61	0.55	0.4	DLTZX
MDBSX	0.89	0.79	0.5		0.75	0.9	0.89	MDBSX
LIGFX	0.77	0.98	0.61	0.75		0.88	0.8	LIGFX
CAARX	0.83	0.91	0.55	0.9	0.88		0.85	CAARX
PQCNX	0.99	0.8	0.4	0.89	0.8	0.85		PQCNX
	CDBCX	TLSHX	DLTZX	MDBSX	LIGFX	CAARX	PQCNX

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 Fundamental 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 Fundamental'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
CDBCX	0.24	0.02	0.03	0.22	0.20	(0.31)	0.66	(0.44)	1.55
TLSHX	0.26	0.02	0.03	0.07	0.33	(0.29)	0.55	(0.46)	1.87
DLTZX	0.08	0.01	0.04	1.13	0.00	(0.19)	0.26	(0.13)	0.64
MDBSX	0.22	0.02	0.05	(0.34)	0.14	(0.31)	0.75	(0.38)	1.38
LIGFX	0.28	0.02	0.03	0.07	0.36	(0.29)	0.55	(0.43)	1.91
CAARX	0.26	0.02	0.04	(0.33)	0.34	(0.27)	0.67	(0.45)	2.05
PQCNX	0.24	0.01	0.02	0.17	0.23	(0.33)	0.59	(0.47)	1.65

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