Correlation Analysis Between PIMCO Funds and FIRST INTER

This module allows you to analyze existing cross correlation between PIMCO Funds High Yield Fund Ins and FIRST INTER BK ISR. You can compare the effects of market volatilities on PIMCO Funds and FIRST INTER 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 Funds with a short position of FIRST INTER. See also your portfolio center. Please also check ongoing floating volatility patterns of PIMCO Funds and FIRST INTER.
Horizon     30 Days    Login   to change
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Comparative Performance

PIMCO Funds High  
1010

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in PIMCO Funds High Yield Fund Ins are ranked lower than 10 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, PIMCO Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
FIRST INTER BK  
00

Risk-Adjusted Performance

Over the last 30 days FIRST INTER BK ISR has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, FIRST INTER is not utilizing all of its potentials. The late stock price disturbance, may contribute to short term losses for the investors.

PIMCO Funds and FIRST INTER Volatility Contrast

PIMCO Funds High Yield Fund In  vs.  FIRST INTER BK ISR

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  879.00  in PIMCO Funds High Yield Fund Ins on October 15, 2019 and sell it today you would earn a total of  13.00  from holding PIMCO Funds High Yield Fund Ins or generate 1.48% return on investment over 30 days.

Pair Corralation between PIMCO Funds and FIRST INTER

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for PIMCO Funds and FIRST INTER

PIMCO Funds High Yield Fund In diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding PIMCO Funds High Yield Fund In and FIRST INTER BK ISR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FIRST INTER BK and PIMCO Funds 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 Funds High Yield Fund Ins are associated (or correlated) with FIRST INTER. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FIRST INTER BK has no effect on the direction of PIMCO Funds i.e. PIMCO Funds and FIRST INTER go up and down completely randomly.

FIRST INTER BK ISR

Pair trading matchups for FIRST INTER

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