Pimco Long Correlations

Mutual Funds . USA . 
Fund . Pimco Long Duration
PLRPX Fund  USD 7.36  0.06  0.82%   
The current 90-days correlation between Pimco Long Duration and Vanguard Long Term Investment Grade is 0.98 (i.e., Almost no diversification). The correlation of Pimco Long 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 Long Correlation With Market

Good diversification

The correlation between Pimco Long Duration and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Long 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 Long 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 american community survey.

Moving together with Pimco Mutual Fund

  0.73PFATX Pimco FundamentalPairCorr
  1.0PFGAX Long Term GovernmentPairCorr
  0.99PFGCX Long Term GovernmentPairCorr
  0.7PFMIX Municipal BondPairCorr
  0.9PFRCX Foreign BondPairCorr
  0.84PFSIX Pimco Emerging MarketsPairCorr
  0.89PFUUX Pimco Foreign BondPairCorr
  0.89PFUAX Foreign BondPairCorr
  0.89PFUIX Foreign BondPairCorr
  0.89PFUNX Pimco International BondPairCorr
  0.89PFUPX Pimco Foreign BondPairCorr
  0.82PGBIX Global Bond FundPairCorr
  0.98PGCAX Investment Grade PoratePairCorr

Moving against Pimco Mutual Fund

  0.85PFTCX Short Term FundPairCorr
  0.5PFIUX Pimco Unconstrained BondPairCorr
  0.46PFNUX Pimco Dynamic BondPairCorr
  0.36PFINX Pimco Capital SecPairCorr
  0.35PFNNX Pimco Preferred AndPairCorr
  0.35PFPNX Pimco Capital SecPairCorr
  0.33PFANX Pimco Capital SecPairCorr
  0.46PXTIX Fundamental IndexplusPairCorr
  0.41PZCRX Pimco Credit AbsolutePairCorr
  0.41PHSIX Pimco High YieldPairCorr
  0.39PHSAX Pimco High YieldPairCorr
  0.35PGAIX Pimco Global MultiPairCorr
  0.34PGMAX Pimco Global MultiPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Long 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 Long'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWETX  0.47 (0.01) 0.00  0.24  0.00 
 0.00 
 1.02 
(1.03)
 2.57 
VWESX  0.46 (0.01) 0.00  0.23  0.00 
 0.00 
 1.02 
(1.03)
 2.57 
VBLAX  0.52 (0.01) 0.00  0.21  0.00 
 0.00 
 1.13 
(1.20)
 3.06 
VBLLX  0.53 (0.01) 0.00  0.20  0.00 
 0.00 
 1.13 
(1.20)
 3.13 
VBLIX  0.53 (0.01) 0.00  0.21  0.00 
 0.00 
 1.13 
(1.26)
 3.13 
SLDAX  0.47 (0.01) 0.00  0.18  0.00 
 0.00 
 1.02 
(1.13)
 2.75 
VLTCX  0.46 (0.01) 0.00  0.31  0.00 
 0.00 
 0.99 
(1.03)
 2.56 
VLCIX  0.47 (0.01) 0.00  0.29  0.00 
 0.00 
 0.99 
(0.98)
 2.61 
PLRIX  0.49 (0.01) 0.00  0.20  0.00 
 0.00 
 0.97 
(1.11)
 2.91 
PLRPX  0.49 (0.01) 0.00  0.18  0.00 
 0.00 
 1.09 
(1.11)
 2.91 

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