Pimco Flexible Correlations

PMAAX Fund

USD 10.36 0.03 0.29%

The current 90-days correlation between Pimco Flexible Municipal and Jennison Natural Resources is 0.07 (i.e., Significant 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

Good diversification

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

Moving together with Pimco Mutual Fund

0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.62	VTIAX	Vanguard Total Inter	Pair Corr
0.63	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.71	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.82	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Pimco Mutual Fund

0.52	BIGBX	Blackrock Government Bond	Pair Corr
0.35	ELFNX	Elfun Trusts Elfun	Pair Corr
0.33	VFFSX	Vanguard 500 Index	Pair Corr
0.32	VTSAX	Vanguard Total Stock	Pair Corr
0.32	VTSMX	Vanguard Total Stock	Pair Corr
0.32	VSTSX	Vanguard Total Stock	Pair Corr
0.32	VSMPX	Vanguard Total Stock	Pair Corr
0.31	VFIAX	Vanguard 500 Index	Pair Corr
0.31	VFINX	Vanguard 500 Index	Pair Corr
0.31	MEGIX	Msvif Growth Port Steady Growth	Pair Corr
0.47	CSCO	Cisco Systems	Pair Corr
0.38	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.35	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	PNRCX	XNDPX	PEO	GRHAX	DLDCX
PNRCX		0.23	0.69	0.7	0.79	PNRCX
XNDPX	0.23		0.72	0.55	0.41	XNDPX
PEO	0.69	0.72		0.78	0.76	PEO
GRHAX	0.7	0.55	0.78		0.66	GRHAX
DLDCX	0.79	0.41	0.76	0.66		DLDCX
	PNRCX	XNDPX	PEO	GRHAX	DLDCX

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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
PNRCX	0.85	(0.07)	0.00	(0.09)	0.00	0.00	1.53	(1.76)	4.81
XNDPX	0.94	0.13	0.05	1.26	1.21	(0.96)	1.83	(2.39)	6.71
PEO	0.72	(0.02)	(0.05)	0.00	0.99	(0.71)	1.63	(1.72)	4.73
GRHAX	1.11	(0.05)	(0.04)	0.00	1.50	(1.09)	2.36	(1.83)	8.49
DLDCX	1.00	(0.11)	0.00	(0.38)	0.00	0.00	1.39	(1.89)	11.02

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