Pimco Total Correlations
| PRAPX Fund | USD 7.55 0.02 0.27% |
The correlation of Pimco Total 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 Total Correlation With Market
Modest diversification
The correlation between Pimco Total Return and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Total Return and DJI in the same portfolio, assuming nothing else is changed.
Pimco |
Moving together with Pimco Mutual Fund
| 0.88 | PWLEX | Pimco Rae Worldwide | PairCorr |
| 0.88 | PWLBX | Pimco Rae Worldwide | PairCorr |
| 0.89 | PWLMX | Pimco Rae Worldwide | PairCorr |
| 0.88 | PWLIX | Pimco Rae Worldwide | PairCorr |
| 0.8 | PFCJX | Pimco Preferred And | PairCorr |
| 0.76 | PFANX | Pimco Capital Sec | PairCorr |
| 0.93 | PFGAX | Long Term Government | PairCorr |
| 0.93 | PFGCX | Long Term Government | PairCorr |
| 0.73 | PFINX | Pimco Capital Sec | PairCorr |
| 0.86 | PFMIX | Municipal Bond | PairCorr |
| 0.73 | PFNNX | Pimco Preferred And | PairCorr |
| 0.8 | PFRCX | Foreign Bond | PairCorr |
| 0.75 | PFRMX | Pimco Inflation Response | PairCorr |
| 0.73 | PFPNX | Pimco Capital Sec | PairCorr |
| 0.91 | PFSIX | Pimco Emerging Markets | PairCorr |
| 0.8 | PFUUX | Pimco Foreign Bond | PairCorr |
| 0.8 | PFUAX | Foreign Bond | PairCorr |
| 0.81 | PFUIX | Foreign Bond | PairCorr |
| 0.8 | PFUNX | Pimco International Bond | PairCorr |
| 0.8 | PFUPX | Pimco Foreign Bond | PairCorr |
| 0.7 | PGAPX | Pimco Global Multi | PairCorr |
| 0.72 | PXTIX | Fundamental Indexplus | PairCorr |
| 0.72 | PXTNX | Pimco Rae Plus | PairCorr |
Moving against Pimco Mutual Fund
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BBSXX | ||
| 0.0 | 0.0 | -0.07 | 0.0 | 0.55 | GVMXX | ||
| 0.0 | 0.0 | -0.07 | 0.0 | 0.06 | STSEX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TUGXX | ||
| 0.0 | 0.0 | 0.55 | 0.06 | 0.0 | ESDCX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pimco Mutual Fund performing well and Pimco Total 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 Total'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GVMXX | 0.03 | 0.01 | 0.00 | (0.96) | 0.00 | 0.00 | 1.01 | |||
| STSEX | 0.50 | 0.00 | (0.02) | 0.02 | 0.87 | 0.88 | 5.72 | |||
| TUGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ESDCX | 0.07 | 0.00 | (0.18) | (0.21) | 0.00 | 0.11 | 0.57 |