Pimco Global Correlations
PGMCX Fund | USD 13.93 0.13 0.94% |
The current 90-days correlation between Pimco Global Multi and Pimco Rae Worldwide is 0.37 (i.e., Weak diversification). The correlation of Pimco Global 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 Global Correlation With Market
Poor diversification
The correlation between Pimco Global Multi Asset and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Global Multi Asset and DJI in the same portfolio, assuming nothing else is changed.
Pimco |
Moving together with Pimco Mutual Fund
0.7 | PWLEX | Pimco Rae Worldwide | PairCorr |
0.72 | PWLBX | Pimco Rae Worldwide | PairCorr |
0.74 | PWLMX | Pimco Rae Worldwide | PairCorr |
0.73 | PWLIX | Pimco Rae Worldwide | PairCorr |
0.65 | PFBPX | Pimco Foreign Bond | PairCorr |
0.81 | PFCJX | Pimco Preferred And | PairCorr |
0.82 | PFANX | Pimco Capital Sec | PairCorr |
0.76 | PFIAX | Pimco Floating Income | PairCorr |
0.77 | PFIIX | Pimco Floating Income | PairCorr |
0.79 | PFIUX | Pimco Unconstrained Bond | PairCorr |
0.81 | PFINX | Pimco Capital Sec | PairCorr |
0.66 | PFMIX | Municipal Bond | PairCorr |
0.78 | PFNCX | Pimco Floating Income | PairCorr |
0.65 | PFONX | Pimco International Bond | PairCorr |
0.65 | PFORX | Pimco Foreign Bond | PairCorr |
0.81 | PFNNX | Pimco Preferred And | PairCorr |
0.76 | PFNIX | Pimco Low Duration | PairCorr |
0.8 | PFNUX | Pimco Dynamic Bond | PairCorr |
0.67 | PFOAX | Pimco Foreign Bond | PairCorr |
0.69 | PFOCX | Pimco Foreign Bond | PairCorr |
0.65 | PFRAX | Pimco Foreign Bond | PairCorr |
0.8 | PFPNX | Pimco Capital Sec | PairCorr |
0.8 | PFTPX | Pimco Floating Income | PairCorr |
0.69 | PFRRX | Pimco Foreign Bond | PairCorr |
1.0 | PGAPX | Pimco Global Multi | PairCorr |
0.76 | PXTIX | Fundamental Indexplus | PairCorr |
0.75 | PXTNX | Pimco Rae Plus | PairCorr |
0.67 | PGBIX | Global Bond Fund | PairCorr |
Related Correlations Analysis
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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 Global 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 Global'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PWLEX | 0.27 | (0.03) | 0.00 | (0.19) | 0.00 | 0.50 | 1.73 | |||
PWLBX | 0.28 | (0.03) | 0.00 | (0.18) | 0.00 | 0.62 | 1.60 | |||
PWLMX | 0.26 | (0.03) | 0.00 | (0.15) | 0.00 | 0.49 | 1.71 | |||
PWLIX | 0.27 | (0.03) | 0.00 | (0.16) | 0.00 | 0.49 | 1.94 | |||
PFBPX | 0.14 | (0.01) | (0.13) | (0.21) | 0.18 | 0.30 | 1.40 | |||
PFCJX | 0.09 | (0.01) | 0.00 | (0.42) | 0.00 | 0.22 | 0.75 | |||
PFATX | 0.34 | (0.08) | 0.00 | (0.72) | 0.00 | 0.64 | 2.79 | |||
PFANX | 0.09 | (0.01) | (0.19) | (0.41) | 0.11 | 0.21 | 0.75 | |||
PFGAX | 0.60 | (0.16) | 0.00 | 16.59 | 0.00 | 1.14 | 3.63 | |||
PFGCX | 0.60 | (0.16) | 0.00 | 20.25 | 0.00 | 1.14 | 3.63 |