Pimco Extended Correlations

PEDIX Fund

USD 13.85 0.15 1.09%

The current 90-days correlation between Pimco Extended Duration and Vanguard Extended Duration is 1.0 (i.e., No risk reduction). The correlation of Pimco Extended 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 Extended Correlation With Market

Very good diversification

The correlation between Pimco Extended Duration and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Extended Duration 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 Extended Duration. 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 gross domestic product.

Moving together with Pimco Mutual Fund

0.66	PFATX	Pimco Fundamental	Pair Corr
1.0	PFGAX	Long Term Government	Pair Corr
1.0	PFGCX	Long Term Government	Pair Corr
0.62	PFMIX	Municipal Bond	Pair Corr
0.76	PFSIX	Pimco Emerging Markets	Pair Corr
0.89	PFUUX	Pimco Foreign Bond	Pair Corr
0.88	PFUAX	Foreign Bond	Pair Corr
0.89	PFUIX	Foreign Bond	Pair Corr
0.89	PFUNX	Pimco International Bond	Pair Corr
0.89	PFUPX	Pimco Foreign Bond	Pair Corr
0.72	PGBIX	Global Bond Fund	Pair Corr
0.95	PGCAX	Investment Grade Porate	Pair Corr
1.0	PGOVX	Long Term Government	Pair Corr
0.63	PYMCX	Pimco High Yield	Pair Corr

Moving against Pimco Mutual Fund

0.85	PFTCX	Short Term Fund	Pair Corr
0.61	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.51	PFANX	Pimco Capital Sec	Pair Corr
0.47	PFNNX	Pimco Preferred And	Pair Corr
0.47	PFPNX	Pimco Capital Sec	Pair Corr
0.38	PFCJX	Pimco Preferred And	Pair Corr
0.67	PKAIX	Pimco Rae Fundamental	Pair Corr
0.57	PIXAX	Fundamental Indexplus	Pair Corr
0.56	PXTIX	Fundamental Indexplus	Pair Corr
0.56	PIXPX	Pimco Fundamental	Pair Corr
0.54	PHSIX	Pimco High Yield	Pair Corr
0.54	PIXCX	Fundamental Indexplus	Pair Corr
0.52	PZCRX	Pimco Credit Absolute	Pair Corr
0.52	PHSAX	Pimco High Yield	Pair Corr

Related Correlations Analysis

	VEDTX	PLRIX	PEDPX	PTCIX	PGOVX
VEDTX		0.99	1.0	0.96	1.0	VEDTX
PLRIX	0.99		0.99	0.99	1.0	PLRIX
PEDPX	1.0	0.99		0.97	1.0	PEDPX
PTCIX	0.96	0.99	0.97		0.98	PTCIX
PGOVX	1.0	1.0	1.0	0.98		PGOVX
	VEDTX	PLRIX	PEDPX	PTCIX	PGOVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Extended 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 Extended'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
VEDTX	0.95	(0.05)	0.24	2.22	(2.23)	6.35
PLRIX	0.48	(0.02)	0.30	0.97	(1.11)	2.91
PEDPX	0.95	(0.05)	0.24	2.15	(2.32)	6.08
PTCIX	0.44	(0.02)	0.35	0.89	(1.01)	2.57
PGOVX	0.58	(0.03)	0.28	1.25	(1.36)	3.52

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