Pimco Income Correlations

Mutual Funds . USA . 
Fund . Pimco Income Fund
PIPNX Fund  USD 10.72  0.04  0.37%   
The current 90-days correlation between Pimco Income and Blackrock Science Technology is -0.02 (i.e., Good diversification). The correlation of Pimco Income 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 Income Correlation With Market

Good diversification

The correlation between Pimco Income Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Income 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 Pimco Income Fund. 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 board of governors.

Moving together with PIMCO Mutual Fund

  0.94PWLEX Pimco Rae WorldwidePairCorr
  0.94PWLBX Pimco Rae WorldwidePairCorr
  0.94PWLMX Pimco Rae WorldwidePairCorr
  0.94PWLIX Pimco Rae WorldwidePairCorr
  0.8PFBPX Pimco Foreign BondPairCorr
  0.9PFCJX Pimco Preferred AndPairCorr
  0.79PFATX Pimco FundamentalPairCorr
  0.92PFANX Pimco Capital SecPairCorr
  0.63PFGAX Long Term Government Steady GrowthPairCorr
  0.67PFGCX Long Term Government Steady GrowthPairCorr
  0.92PFIAX Pimco Floating IncomePairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.94PFIUX Pimco Unconstrained BondPairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.76PFMIX Municipal BondPairCorr
  0.86PFNCX Pimco Floating IncomePairCorr
  0.8PFONX Pimco International BondPairCorr
  0.7PFORX Pimco Foreign BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.85PFNIX Pimco Low DurationPairCorr
  0.95PFNUX Pimco Dynamic BondPairCorr
  0.8PFOAX Pimco Foreign BondPairCorr
  0.77PFOCX Pimco Foreign BondPairCorr
  0.8PFRCX Foreign BondPairCorr
  0.8PFRAX Pimco Foreign BondPairCorr
  0.93PFRMX Pimco Inflation ResponsePairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.85PFTPX Pimco Floating IncomePairCorr
  0.77PFRRX Pimco Foreign BondPairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  0.81PFUUX Pimco Foreign BondPairCorr
  0.81PFUAX Foreign BondPairCorr
  0.81PFUIX Foreign BondPairCorr
  0.81PFUNX Pimco International BondPairCorr
  0.81PFUPX Pimco Foreign BondPairCorr
  0.91PGAPX Pimco Global MultiPairCorr
  0.79PXTIX Fundamental IndexplusPairCorr
  0.84PXTNX Pimco Rae PlusPairCorr
  0.88PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between PIMCO Mutual Fund performing well and Pimco Income 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 Income'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.

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