Pimco Preferred Correlations

PFCJX Fund

USD 9.33 0.01 0.11%

The correlation of Pimco Preferred 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 Preferred Correlation With Market

Good diversification

The correlation between Pimco Preferred And and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Preferred And 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 Preferred And. 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 inflation.

Moving together with Pimco Mutual Fund

0.89	PWLEX	Pimco Rae Worldwide	Pair Corr
0.89	PWLBX	Pimco Rae Worldwide	Pair Corr
0.89	PWLMX	Pimco Rae Worldwide	Pair Corr
0.89	PWLIX	Pimco Rae Worldwide	Pair Corr
0.93	PFBPX	Pimco Foreign Bond	Pair Corr
0.99	PFANX	Pimco Capital Sec	Pair Corr
0.8	PFGAX	Long Term Government	Pair Corr
0.8	PFGCX	Long Term Government	Pair Corr
0.96	PFIAX	Pimco Floating Income	Pair Corr
0.96	PFIIX	Pimco Floating Income	Pair Corr
0.98	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.99	PFINX	Pimco Capital Sec	Pair Corr
0.9	PFMIX	Municipal Bond	Pair Corr
0.96	PFNCX	Pimco Floating Income	Pair Corr
0.93	PFONX	Pimco International Bond	Pair Corr
0.93	PFORX	Pimco Foreign Bond	Pair Corr
0.99	PFNNX	Pimco Preferred And	Pair Corr
0.95	PFNIX	Pimco Low Duration	Pair Corr
0.98	PFNUX	Pimco Dynamic Bond	Pair Corr
0.93	PFOAX	Pimco Foreign Bond	Pair Corr
0.93	PFOCX	Pimco Foreign Bond	Pair Corr
0.91	PFRCX	Foreign Bond	Pair Corr
0.93	PFRAX	Pimco Foreign Bond	Pair Corr
0.96	PFRMX	Pimco Inflation Response	Pair Corr
0.99	PFPNX	Pimco Capital Sec	Pair Corr
0.92	PFTCX	Short Term Fund	Pair Corr
0.95	PFTPX	Pimco Floating Income	Pair Corr
0.92	PFRRX	Pimco Foreign Bond	Pair Corr
0.97	PFSIX	Pimco Emerging Markets	Pair Corr
0.91	PFUUX	Pimco Foreign Bond	Pair Corr
0.92	PFUAX	Foreign Bond	Pair Corr
0.91	PFUIX	Foreign Bond	Pair Corr
0.91	PFUNX	Pimco International Bond	Pair Corr
0.93	PFUPX	Pimco Foreign Bond	Pair Corr
0.74	PGAPX	Pimco Global Multi	Pair Corr
0.95	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	AQUI	ABHYX	MSTSX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	70082LAB3
AQUI		0.0	0.0	0.0	-1.0	0.0	0.0	-1.0	0.0	AQUI
ABHYX	0.0		0.66	0.9	0.0	0.6	0.7	0.0	-0.22	ABHYX
MSTSX	0.0	0.66		0.85	0.0	0.58	0.97	0.0	-0.23	MSTSX
LBHIX	0.0	0.9	0.85		0.0	0.74	0.89	0.0	-0.4	LBHIX
SCAXF	-1.0	0.0	0.0	0.0		0.0	0.0	1.0	0.0	SCAXF
VIASP	0.0	0.6	0.58	0.74	0.0		0.65	0.0	-0.47	VIASP
RRTLX	0.0	0.7	0.97	0.89	0.0	0.65		0.0	-0.3	RRTLX
OSHDF	-1.0	0.0	0.0	0.0	1.0	0.0	0.0		0.0	OSHDF
70082LAB3	0.0	-0.22	-0.23	-0.4	0.0	-0.47	-0.3	0.0		70082LAB3
	AQUI	ABHYX	MSTSX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	70082LAB3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

OSHDF	+ 1.0	SCAXF
RRTLX	+ 0.97	MSTSX
LBHIX	+ 0.9	ABHYX
RRTLX	+ 0.89	LBHIX
LBHIX	+ 0.85	MSTSX
VIASP	+ 0.74	LBHIX

High negative correlations

OSHDF	- 1.0	AQUI
SCAXF	- 1.0	AQUI
70082LAB3	- 0.47	VIASP
70082LAB3	- 0.4	LBHIX
70082LAB3	- 0.3	RRTLX
70082LAB3	- 0.23	MSTSX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Preferred 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 Preferred'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
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABHYX	0.13	0.04	(0.22)	(0.62)	0.00	(0.21)	0.34	(0.22)	1.34
MSTSX	0.60	0.01	(0.01)	0.12	0.66	(0.71)	1.40	(1.22)	4.07
LBHIX	0.15	0.04	(0.14)	0.45	0.00	(0.31)	0.47	(0.24)	1.45
SCAXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIASP	1.58	(0.04)	0.00	(0.10)	0.00	0.00	2.65	(4.90)	13.33
RRTLX	0.30	0.00	(0.14)	0.11	0.30	(0.35)	0.73	(0.64)	1.97
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	0.90	0.00	(0.04)	0.09	1.93	(1.10)	1.66	(1.23)	24.27

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC