Pimco Trends Correlations

PQTAX Fund

USD 9.77 0.02 0.20%

The current 90-days correlation between Pimco Trends Managed and Asg Managed Futures is -0.1 (i.e., Good diversification). The correlation of Pimco Trends 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 Trends Correlation With Market

Good diversification

The correlation between Pimco Trends Managed and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Trends Managed 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 Trends Managed. 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 against Pimco Mutual Fund

0.91	PFIAX	Pimco Floating Income	Pair Corr
0.91	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.9	PWLIX	Pimco Rae Worldwide	Pair Corr
0.9	PFIIX	Pimco Floating Income	Pair Corr
0.89	PFGAX	Long Term Government	Pair Corr
0.89	PFGCX	Long Term Government	Pair Corr
0.86	PFATX	Pimco Fundamental	Pair Corr
0.84	PWLBX	Pimco Rae Worldwide	Pair Corr
0.84	PFNCX	Pimco Floating Income	Pair Corr
0.83	PWLEX	Pimco Rae Worldwide	Pair Corr
0.83	PWLMX	Pimco Rae Worldwide	Pair Corr
0.75	PFMIX	Municipal Bond	Pair Corr
0.66	PFANX	Pimco Capital Sec	Pair Corr
0.65	PFINX	Pimco Capital Sec	Pair Corr
0.64	PFCJX	Pimco Preferred And	Pair Corr
0.36	PFBPX	Pimco Foreign Bond	Pair Corr
0.36	PFONX	Pimco International Bond	Pair Corr
0.94	PFSIX	Pimco Emerging Markets	Pair Corr
0.92	PFRCX	Foreign Bond	Pair Corr
0.92	PFUUX	Pimco Foreign Bond	Pair Corr
0.92	PFUAX	Foreign Bond	Pair Corr
0.91	PFNUX	Pimco Dynamic Bond	Pair Corr
0.91	PFTPX	Pimco Floating Income	Pair Corr
0.84	PFNIX	Pimco Low Duration	Pair Corr
0.81	PFUIX	Foreign Bond	Pair Corr
0.78	PFTCX	Short Term Fund	Pair Corr
0.67	PFRMX	Pimco Inflation Response	Pair Corr
0.65	PFNNX	Pimco Preferred And	Pair Corr
0.65	PFPNX	Pimco Capital Sec	Pair Corr
0.36	PFORX	Pimco Foreign Bond	Pair Corr
0.92	PFUNX	Pimco International Bond	Pair Corr
0.92	PFUPX	Pimco Foreign Bond	Pair Corr
0.91	PGCAX	Investment Grade Porate	Pair Corr
0.91	PGNPX	Pimco Global Bond	Pair Corr
0.84	PGSAX	Pimco Global Advantage	Pair Corr
0.83	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	AMFAX	ASFYX	AQMNX	DBMF	PQTIX
AMFAX		0.79	-0.48	0.81	0.69	AMFAX
ASFYX	0.79		-0.54	0.94	0.74	ASFYX
AQMNX	-0.48	-0.54		-0.44	-0.61	AQMNX
DBMF	0.81	0.94	-0.44		0.63	DBMF
PQTIX	0.69	0.74	-0.61	0.63		PQTIX
	AMFAX	ASFYX	AQMNX	DBMF	PQTIX

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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

DBMF	+ 0.94	ASFYX
DBMF	+ 0.81	AMFAX
ASFYX	+ 0.79	AMFAX
PQTIX	+ 0.74	ASFYX
PQTIX	+ 0.69	AMFAX
PQTIX	+ 0.63	DBMF

High negative correlations

PQTIX	- 0.61	AQMNX
AQMNX	- 0.54	ASFYX
AQMNX	- 0.48	AMFAX
DBMF	- 0.44	AQMNX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Trends 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 Trends' 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
AMFAX	0.66	(0.09)	0.00	(0.85)	0.00	0.00	1.17	(1.49)	4.11
ASFYX	0.65	(0.11)	0.00	(15.56)	0.00	0.00	1.16	(1.36)	4.07
AQMNX	0.52	0.06	0.14	(2.87)	0.53	(0.59)	1.03	(0.91)	2.48
DBMF	0.44	(0.06)	0.00	0.45	0.00	0.00	0.91	(1.03)	3.41
PQTIX	0.37	(0.08)	0.00	0.62	0.00	0.00	0.60	(0.76)	2.59

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