Pimco Multi Sector Income Fund Net Asset

PIX-UN Fund   7.94  0.01  0.13%   
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
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Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities
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Pair Trading with PIMCO Multi

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PIMCO Multi position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PIMCO Multi will appreciate offsetting losses from the drop in the long position's value.

Moving against PIMCO Fund

  0.490P00007069 RBC PortefeuillePairCorr
  0.480P0000706A RBC Select BalancedPairCorr
  0.460P0001FAU8 TD Comfort BalancedPairCorr
The ability to find closely correlated positions to PIMCO Multi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PIMCO Multi when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PIMCO Multi - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PIMCO Multi Sector Income to buy it.
The correlation of PIMCO Multi 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PIMCO Multi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PIMCO Multi Sector moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PIMCO Multi can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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