Pimco High Correlations

PYMPX Fund

USD 8.32 0.02 0.24%

The current 90-days correlation between Pimco High Yield and Bbh Intermediate Municipal is 0.27 (i.e., Modest diversification). The correlation of Pimco High 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 High Correlation With Market

Significant diversification

The correlation between Pimco High Yield and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco High Yield 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 High Yield. 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 metropolitan statistical area.

Moving together with Pimco Mutual Fund

0.63	NHCCX	Nuveen High Yield	Pair Corr
0.64	NHMRX	Nuveen High Yield	Pair Corr
0.64	NHMFX	Nuveen High Yield	Pair Corr
0.68	ACTDX	Invesco High Yield	Pair Corr

Moving against Pimco Mutual Fund

0.36	VMRXX	Vanguard Money Market	Pair Corr
0.31	FTCAX	Templeton Strained Bond	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.41	JPM	JPMorgan Chase	Pair Corr
0.36	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	BBINX	FCMAX	FCSCX	PCMNX	GCMVX
BBINX		0.94	0.94	0.97	0.99	BBINX
FCMAX	0.94		0.85	0.97	0.91	FCMAX
FCSCX	0.94	0.85		0.91	0.97	FCSCX
PCMNX	0.97	0.97	0.91		0.97	PCMNX
GCMVX	0.99	0.91	0.97	0.97		GCMVX
	BBINX	FCMAX	FCSCX	PCMNX	GCMVX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco High 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 High'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBINX	0.09	0.00	(0.70)	0.00	(0.16)	0.29	(0.10)	0.59
FCMAX	0.12	0.03	(0.52)	(9.55)	(0.20)	0.42	(0.17)	0.59
FCSCX	0.06	0.00	(0.69)	0.00	(0.21)	0.27	(0.13)	0.54
PCMNX	0.09	0.03	(0.64)	1.79	(0.15)	0.17	(0.17)	0.42
GCMVX	0.06	0.02	(0.79)	(1.94)	(0.15)	0.20	(0.10)	0.40

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