Pimco International Correlations
| PFONX Fund | USD 9.82 0.01 0.10% |
The current 90-days correlation between Pimco International Bond and Us Government Securities is 0.47 (i.e., Very weak diversification). The correlation of Pimco International 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 International Correlation With Market
Significant diversification
The correlation between Pimco International Bond and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco International Bond and DJI in the same portfolio, assuming nothing else is changed.
Pimco |
Moving together with Pimco Mutual Fund
| 1.0 | PFBPX | Pimco Foreign Bond | PairCorr |
| 0.71 | PFMIX | Municipal Bond | PairCorr |
| 1.0 | PFORX | Pimco Foreign Bond | PairCorr |
| 1.0 | PFOAX | Pimco Foreign Bond | PairCorr |
| 0.98 | PFOCX | Pimco Foreign Bond | PairCorr |
| 1.0 | PFRAX | Pimco Foreign Bond | PairCorr |
| 0.99 | PFRRX | Pimco Foreign Bond | PairCorr |
| 0.64 | PGAPX | Pimco Global Multi | PairCorr |
| 0.62 | PXTIX | Fundamental Indexplus | PairCorr |
| 0.62 | PXTNX | Pimco Rae Plus | PairCorr |
Related Correlations Analysis
| 1.0 | 0.97 | 1.0 | 0.95 | 1.0 | AMUSX | ||
| 1.0 | 0.97 | 1.0 | 0.95 | 1.0 | UGSFX | ||
| 0.97 | 0.97 | 0.97 | 0.99 | 0.96 | TWAVX | ||
| 1.0 | 1.0 | 0.97 | 0.95 | 1.0 | CGTCX | ||
| 0.95 | 0.95 | 0.99 | 0.95 | 0.94 | TCSGX | ||
| 1.0 | 1.0 | 0.96 | 1.0 | 0.94 | FHNFX | ||
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Risk-Adjusted Indicators
There is a big difference between Pimco Mutual Fund performing well and Pimco International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMUSX | 0.26 | 0.02 | 0.05 | 0.86 | 0.25 | 0.60 | 1.55 | |||
| UGSFX | 0.25 | 0.02 | 0.05 | 1.02 | 0.24 | 0.60 | 1.55 | |||
| TWAVX | 0.07 | 0.01 | 0.04 | 0.65 | 0.00 | 0.22 | 0.55 | |||
| CGTCX | 0.25 | 0.02 | 0.05 | 0.68 | 0.25 | 0.61 | 1.56 | |||
| TCSGX | 0.08 | 0.01 | 0.07 | (9.73) | 0.00 | 0.20 | 0.59 | |||
| FHNFX | 0.23 | 0.00 | 0.03 | 0.00 | 0.23 | 0.55 | 1.31 |