Correlation Analysis Between PIMCO High and F I

This module allows you to analyze existing cross correlation between PIMCO High Yield Instl and F I B I Holdings Ltd. You can compare the effects of market volatilities on PIMCO High and F I and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in PIMCO High with a short position of F I. See also your portfolio center. Please also check ongoing floating volatility patterns of PIMCO High and F I.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

PIMCO High Yield  

Risk-Adjusted Fund Performance

Over the last 30 days PIMCO High Yield Instl has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, PIMCO High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
F I B  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in F I B I Holdings Ltd are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, F I may actually be approaching a critical reversion point that can send shares even higher in June 2019.

PIMCO High and F I Volatility Contrast

PIMCO High Yield Instl  vs.  F I B I Holdings Ltd

 Performance (%) 

Pair Volatility

If you would invest  867,000  in F I B I Holdings Ltd on April 22, 2019 and sell it today you would earn a total of  31,100  from holding F I B I Holdings Ltd or generate 3.59% return on investment over 30 days.

Pair Corralation between PIMCO High and F I

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for PIMCO High and F I

PIMCO High Yield Instl diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding PIMCO High Yield Instl and F I B I Holdings Ltd in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on F I B and PIMCO High is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on PIMCO High Yield Instl are associated (or correlated) with F I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F I B has no effect on the direction of PIMCO High i.e. PIMCO High and F I go up and down completely randomly.
See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.