Pimco Flexible Correlations

PMAAX Fund

USD 10.21 0.11 1.07%

The current 90-days correlation between Pimco Flexible Municipal and American Funds Inflation is 0.35 (i.e., Weak diversification). The correlation of Pimco Flexible 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 Flexible Correlation With Market

Good diversification

The correlation between Pimco Flexible Municipal and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Flexible Municipal 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 Flexible Municipal. 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 together with Pimco Mutual Fund

0.72	VGTSX	Vanguard Total Inter	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr
0.64	NHS	Neuberger Berman High	Pair Corr

Moving against Pimco Mutual Fund

0.52	PSDSX	Palmer Square Ultra	Pair Corr
0.41	HGOSX	Hartford Growth	Pair Corr
0.41	HGOVX	Hartford Growth	Pair Corr
0.37	AULDX	Ultra Fund R6	Pair Corr
0.35	MBCZX	Massmutual Select Blue Potential Growth	Pair Corr
0.34	AFRFX	Invesco Floating Rate	Pair Corr
0.32	ETCEX	Eventide Exponential	Pair Corr
0.32	RFXIX	Rational Special Sit	Pair Corr
0.31	DTGRX	Dreyfus Technology Growth	Pair Corr
0.31	CFSIX	Touchstone Sands Capital	Pair Corr
0.59	PIPPX	Midcap Growth	Pair Corr
0.5	CVVRX	Columbia Small Cap	Pair Corr
0.47	PSHAX	Short Term Fund	Pair Corr
0.42	BTEEX	Baron Select Funds	Pair Corr
0.42	CSHIX	Credit Suisse Floating	Pair Corr
0.38	CFNDX	Cargile Fund	Pair Corr
0.32	LMOFX	Miller Opportunity Trust	Pair Corr
0.32	URUSX	Ultra Short Term	Pair Corr

Related Correlations Analysis

	FIBLX	LIFAX	RYIFX	SLFYX	ANBIX	QMHIX	TIPSX
FIBLX		0.76	0.52	0.83	0.94	-0.16	0.93	FIBLX
LIFAX	0.76		0.46	0.72	0.75	-0.03	0.72	LIFAX
RYIFX	0.52	0.46		0.23	0.48	0.64	0.52	RYIFX
SLFYX	0.83	0.72	0.23		0.86	-0.33	0.81	SLFYX
ANBIX	0.94	0.75	0.48	0.86		-0.16	0.97	ANBIX
QMHIX	-0.16	-0.03	0.64	-0.33	-0.16		-0.09	QMHIX
TIPSX	0.93	0.72	0.52	0.81	0.97	-0.09		TIPSX
	FIBLX	LIFAX	RYIFX	SLFYX	ANBIX	QMHIX	TIPSX

Click cells to compare fundamentals

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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

TIPSX	+ 0.97	ANBIX
ANBIX	+ 0.94	FIBLX
TIPSX	+ 0.93	FIBLX
ANBIX	+ 0.86	SLFYX
SLFYX	+ 0.83	FIBLX
TIPSX	+ 0.81	SLFYX

High negative correlations

QMHIX	- 0.33	SLFYX
QMHIX	- 0.16	ANBIX
QMHIX	- 0.16	FIBLX
TIPSX	- 0.09	QMHIX
QMHIX	- 0.03	LIFAX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Flexible 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 Flexible'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIBLX	0.25	(0.10)	(0.44)	0.00	0.00	0.32	(0.53)	3.42
LIFAX	0.12	(0.03)	(0.42)	0.00	0.00	0.26	(0.26)	0.77
RYIFX	0.51	(0.08)	(0.42)	0.00	0.00	0.92	(1.24)	5.83
SLFYX	0.20	(0.04)	(29.38)	0.00	0.00	0.38	(0.50)	1.12
ANBIX	0.16	(0.05)	(0.91)	0.00	0.00	0.29	(0.39)	0.87
QMHIX	0.65	0.02	0.09	0.94	(0.63)	1.33	(1.30)	3.93
TIPSX	0.20	(0.06)	(1.05)	0.00	0.00	0.31	(0.62)	1.14

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