Pimco Long Correlations

PLTPX Fund

USD 13.64 0.05 0.37%

The current 90-days correlation between Pimco Long Term and Pimco Rae Worldwide is 0.24 (i.e., Modest diversification). The correlation of Pimco Long 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 Long Correlation With Market

Average diversification

The correlation between Pimco Long Term Government and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Long Term Government 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 Long Term Government. 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 american community survey.

Moving together with Pimco Mutual Fund

1.0	PFGAX	Long Term Government	Pair Corr
0.8	PFRCX	Foreign Bond	Pair Corr
1.0	PGOVX	Long Term Government	Pair Corr
0.83	PYMAX	Pimco High Yield	Pair Corr
0.76	PDI	Pimco Dynamic Income	Pair Corr
0.98	PRAPX	Pimco Total Return	Pair Corr
0.99	PBDPX	Pimco Investment Grade	Pair Corr
1.0	FTLTX	Fidelity Series Long	Pair Corr
0.95	VLGSX	Vanguard Long Term	Pair Corr
1.0	PRUUX	Us Treasury Long	Pair Corr
1.0	PRULX	Us Treasury Long	Pair Corr
0.95	TRZUX	T Rowe Price	Pair Corr
0.95	FNBGX	Fidelity Long Term	Pair Corr
1.0	FBLTX	Fidelity Sai Long	Pair Corr
1.0	VUSUX	Vanguard Long Term	Pair Corr
0.94	VUSTX	Vanguard Long Term	Pair Corr
0.99	VEDTX	Vanguard Extended	Pair Corr
0.82	BRUFX	Bruce Fund Bruce	Pair Corr
0.7	KF	Korea Closed	Pair Corr
0.65	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.85	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Pimco Mutual Fund

0.58	CSCO	Cisco Systems	Pair Corr
0.56	MISXX	Morgan Stanley Insti	Pair Corr
0.53	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.48	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.47	JUCIX	Janus Global Unconst	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.4	WMT	Walmart	Pair Corr
0.4	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.37	NLSCX	Neuberger Berman Long	Pair Corr

Related Correlations Analysis

	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX
PWLEX		0.92	0.91	0.92	0.19	0.79	0.69	0.79	0.64	0.64	PWLEX
PWLBX	0.92		1.0	1.0	0.21	0.75	0.63	0.76	0.58	0.58	PWLBX
PWLMX	0.91	1.0		1.0	0.22	0.75	0.62	0.77	0.58	0.58	PWLMX
PWLIX	0.92	1.0	1.0		0.22	0.75	0.62	0.77	0.58	0.58	PWLIX
PFBPX	0.19	0.21	0.22	0.22		0.41	-0.07	0.39	0.14	0.13	PFBPX
PFCJX	0.79	0.75	0.75	0.75	0.41		0.47	0.92	0.59	0.59	PFCJX
PFATX	0.69	0.63	0.62	0.62	-0.07	0.47		0.34	0.84	0.84	PFATX
PFANX	0.79	0.76	0.77	0.77	0.39	0.92	0.34		0.44	0.44	PFANX
PFGAX	0.64	0.58	0.58	0.58	0.14	0.59	0.84	0.44		1.0	PFGAX
PFGCX	0.64	0.58	0.58	0.58	0.13	0.59	0.84	0.44	1.0		PFGCX
	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PWLMX	+ 1.0	PWLBX
PWLIX	+ 1.0	PWLBX
PWLIX	+ 1.0	PWLMX
PFGCX	+ 1.0	PFGAX
PWLBX	+ 0.92	PWLEX
PWLIX	+ 0.92	PWLEX

High negative correlations

PFATX

- 0.07

PFBPX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Long 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 Long'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PWLEX	0.41	(0.16)	(0.73)	0.50	(0.62)	8.70
PWLBX	0.42	(0.15)	(0.63)	0.62	(0.62)	8.93
PWLMX	0.41	(0.15)	(0.53)	0.49	(0.61)	9.09
PWLIX	0.41	(0.15)	(0.56)	0.49	(0.62)	8.98
PFBPX	0.13	(0.02)	(0.53)	0.30	(0.30)	1.40
PFCJX	0.12	0.00	0.00	0.22	(0.22)	1.51
PFATX	0.35	(0.09)	(0.53)	0.64	(0.88)	2.82
PFANX	0.12	(0.03)	(1.16)	0.21	(0.21)	1.71
PFGAX	0.60	(0.17)	(1.55)	1.14	(1.36)	3.63
PFGCX	0.61	(0.17)	(1.68)	1.14	(1.36)	3.63

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