Pimco Strategic Correlations

RCS Fund

USD 5.70 0.07 1.21%

The current 90-days correlation between Pimco Strategic Income and Pimco Income Strategy is 0.09 (i.e., Significant diversification). The correlation of Pimco Strategic 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 Strategic Correlation With Market

Pay attention - limited upside

The correlation between Pimco Strategic Income and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Strategic Income 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 Strategic Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving against Pimco Fund

0.9	PJDQX	Pgim Jennison Rising	Pair Corr
0.89	SMQFX	Siit Emerging Markets	Pair Corr
0.88	FFMMX	American Funds American	Pair Corr
0.88	FFFMX	American Funds American	Pair Corr
0.87	JSIYX	Jpmorgan Smartretirement	Pair Corr
0.86	FWMMX	American Funds Washington	Pair Corr
0.86	FWWMX	American Funds Washington	Pair Corr
0.84	VTPSX	Vanguard Total Inter	Pair Corr
0.84	VTSNX	Vanguard Total Inter	Pair Corr
0.83	TSWMX	Tsw Emerging Markets	Pair Corr
0.82	FKIQX	Franklin Income	Pair Corr
0.81	VMPAX	Wells Fargo Advantage	Pair Corr
0.81	FLDZX	Franklin Low Duration	Pair Corr
0.8	BRKIX	Mfs Blended Research	Pair Corr
0.78	GCEYX	Ab Global E	Pair Corr
0.78	GTAPX	Long/short Portfolio	Pair Corr
0.77	FSSMX	Fidelity Advisor Stock	Pair Corr
0.77	VAFNX	Invesco American Fra	Pair Corr
0.77	HJPSX	Hennessy Japan Small	Pair Corr
0.76	IBARX	Ivy Balanced	Pair Corr
0.76	MVCJX	Mfs Mid Cap	Pair Corr
0.75	FAFGX	American Funds	Pair Corr
0.75	FFAFX	American Funds	Pair Corr
0.74	QAACX	Federated Mdt All	Pair Corr
0.72	DTCYX	The Dreyfus Sustainable	Pair Corr
0.71	ENPSX	Oil Gas Ultrasector	Pair Corr
0.71	OGICX	Oppenheimer Global Growth	Pair Corr
0.69	MSTRX	Morningstar Total Return	Pair Corr
0.63	FMCMX	American Funds Amcap	Pair Corr
0.63	FMMMX	American Funds Amcap	Pair Corr
0.92	VMVFX	Vanguard Global Minimum	Pair Corr
0.91	HRISX	Harbor International	Pair Corr
0.9	ASMUX	Strategic Allocation:	Pair Corr
0.86	AMFEX	Aama Equity Fund	Pair Corr
0.86	TWQZX	Transamerica Large Cap	Pair Corr
0.85	AMDWX	Amana Developing World	Pair Corr
0.85	RIGCX	Victory Rs International	Pair Corr
0.84	FFIMX	Fidelity Asset Manager	Pair Corr
0.83	FSHBX	Fidelity Short Term	Pair Corr
0.83	VTISX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	PFL	ASG	NCV	EDD	ARDC	JGH	NAN	BRW	AFB	AWP
PFL		0.5	0.85	0.86	0.3	0.78	0.37	-0.56	0.67	0.71	PFL
ASG	0.5		0.39	0.25	0.59	0.34	-0.22	0.16	0.08	0.08	ASG
NCV	0.85	0.39		0.96	0.36	0.91	0.6	-0.79	0.86	0.84	NCV
EDD	0.86	0.25	0.96		0.3	0.92	0.6	-0.85	0.87	0.83	EDD
ARDC	0.3	0.59	0.36	0.3		0.54	0.1	-0.06	0.38	0.09	ARDC
JGH	0.78	0.34	0.91	0.92	0.54		0.49	-0.79	0.87	0.7	JGH
NAN	0.37	-0.22	0.6	0.6	0.1	0.49		-0.64	0.79	0.75	NAN
BRW	-0.56	0.16	-0.79	-0.85	-0.06	-0.79	-0.64		-0.82	-0.77	BRW
AFB	0.67	0.08	0.86	0.87	0.38	0.87	0.79	-0.82		0.79	AFB
AWP	0.71	0.08	0.84	0.83	0.09	0.7	0.75	-0.77	0.79		AWP
	PFL	ASG	NCV	EDD	ARDC	JGH	NAN	BRW	AFB	AWP

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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

EDD	+ 0.96	NCV
JGH	+ 0.92	EDD
JGH	+ 0.91	NCV
AFB	+ 0.87	EDD
AFB	+ 0.87	JGH
EDD	+ 0.86	PFL

High negative correlations

BRW	- 0.85	EDD
AFB	- 0.82	BRW
BRW	- 0.79	JGH
BRW	- 0.79	NCV
AWP	- 0.77	BRW
BRW	- 0.64	NAN

Risk-Adjusted Indicators

There is a big difference between Pimco Fund performing well and Pimco Strategic 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 Strategic'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
PFL	0.23	0.05	(0.02)	0.44	0.09	(0.28)	0.49	(0.48)	1.49
ASG	0.73	(0.04)	(0.06)	0.01	0.85	(0.79)	1.72	(1.36)	4.09
NCV	0.68	0.14	0.14	0.30	0.51	(0.78)	1.74	(1.01)	3.69
EDD	0.59	0.18	0.17	0.64	0.39	(0.71)	1.46	(0.95)	3.29
ARDC	0.36	(0.07)	0.00	(0.27)	0.00	0.00	0.77	(0.69)	1.72
JGH	0.31	0.03	(0.05)	0.27	0.25	(0.39)	0.79	(0.57)	1.79
NAN	0.26	0.02	(0.10)	0.50	0.26	(0.30)	0.53	(0.53)	1.35
BRW	0.44	(0.11)	0.00	(0.35)	0.00	0.00	0.87	(1.17)	2.82
AFB	0.23	0.03	(0.11)	0.59	0.17	(0.28)	0.55	(0.46)	1.48
AWP	0.58	0.18	0.15	(0.71)	0.39	(0.76)	1.55	(0.79)	3.61

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