Pimco Capital Correlations

PFINX Fund

USD 9.78 0.01 0.10%

The current 90-days correlation between Pimco Capital Sec and Pimco Capital Sec is 0.96 (i.e., Almost no diversification). The correlation of Pimco Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Pimco Capital Sec and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Capital Sec 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 Capital Sec. 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 state.

Moving together with Pimco Mutual Fund

0.96	PFBPX	Pimco Foreign Bond	Pair Corr
1.0	PFCJX	Pimco Preferred And	Pair Corr
1.0	PFANX	Pimco Capital Sec	Pair Corr
0.84	PFGAX	Long Term Government	Pair Corr
0.84	PFGCX	Long Term Government	Pair Corr
0.95	PFIAX	Pimco Floating Income	Pair Corr
0.95	PFIIX	Pimco Floating Income	Pair Corr
0.95	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.92	PFMIX	Municipal Bond	Pair Corr
0.95	PFNCX	Pimco Floating Income	Pair Corr
0.95	PFONX	Pimco International Bond	Pair Corr
0.95	PFORX	Pimco Foreign Bond	Pair Corr
1.0	PFNNX	Pimco Preferred And	Pair Corr
0.94	PFNIX	Pimco Low Duration	Pair Corr
0.95	PFNUX	Pimco Dynamic Bond	Pair Corr
0.96	PFOAX	Pimco Foreign Bond	Pair Corr
0.96	PFOCX	Pimco Foreign Bond	Pair Corr
0.95	PFRAX	Pimco Foreign Bond	Pair Corr
0.93	PFRMX	Pimco Inflation Response	Pair Corr
0.99	PFPNX	Pimco Capital Sec	Pair Corr
0.84	PFTCX	Short Term Fund	Pair Corr
0.94	PFTPX	Pimco Floating Income	Pair Corr
0.95	PFRRX	Pimco Foreign Bond	Pair Corr
0.92	PFSIX	Pimco Emerging Markets	Pair Corr
0.95	PGAPX	Pimco Global Multi	Pair Corr
0.87	PXTIX	Fundamental Indexplus	Pair Corr
0.86	PXTNX	Pimco Rae Plus	Pair Corr
0.95	PGBIX	Global Bond Fund	Pair Corr

Moving against Pimco Mutual Fund

0.69	PWLEX	Pimco Rae Worldwide	Pair Corr
0.68	PWLBX	Pimco Rae Worldwide	Pair Corr
0.67	PWLMX	Pimco Rae Worldwide	Pair Corr
0.63	PWLIX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	PFANX	WVALX	TVFVX	FILRX	FNGAX	HWAAX	CIMDX	MIOPX	VLEOX	COVAX
PFANX		-0.56	0.58	-0.11	-0.04	-0.21	0.3	0.01	0.41	-0.16	PFANX
WVALX	-0.56		-0.42	0.78	0.63	0.68	0.4	0.69	0.12	0.69	WVALX
TVFVX	0.58	-0.42		-0.01	-0.04	-0.16	0.25	-0.03	0.39	-0.04	TVFVX
FILRX	-0.11	0.78	-0.01		0.87	0.8	0.49	0.95	0.14	0.74	FILRX
FNGAX	-0.04	0.63	-0.04	0.87		0.85	0.33	0.88	-0.02	0.78	FNGAX
HWAAX	-0.21	0.68	-0.16	0.8	0.85		0.24	0.81	-0.09	0.86	HWAAX
CIMDX	0.3	0.4	0.25	0.49	0.33	0.24		0.42	0.62	0.32	CIMDX
MIOPX	0.01	0.69	-0.03	0.95	0.88	0.81	0.42		0.12	0.72	MIOPX
VLEOX	0.41	0.12	0.39	0.14	-0.02	-0.09	0.62	0.12		0.2	VLEOX
COVAX	-0.16	0.69	-0.04	0.74	0.78	0.86	0.32	0.72	0.2		COVAX
	PFANX	WVALX	TVFVX	FILRX	FNGAX	HWAAX	CIMDX	MIOPX	VLEOX	COVAX

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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

MIOPX	+ 0.95	FILRX
MIOPX	+ 0.88	FNGAX
FNGAX	+ 0.87	FILRX
COVAX	+ 0.86	HWAAX
HWAAX	+ 0.85	FNGAX
MIOPX	+ 0.81	HWAAX

High negative correlations

WVALX	- 0.56	PFANX
TVFVX	- 0.42	WVALX
HWAAX	- 0.21	PFANX
HWAAX	- 0.16	TVFVX
COVAX	- 0.16	PFANX
FILRX	- 0.11	PFANX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Capital 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 Capital'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
PFANX	0.12	0.04	0.01	3.53	0.00	(0.19)	0.21	(0.21)	1.78
WVALX	0.63	(0.09)	0.00	(0.05)	0.00	0.00	1.31	(1.48)	4.72
TVFVX	0.71	0.03	0.02	0.07	1.01	(0.67)	1.30	(1.28)	5.73
FILRX	0.81	(0.10)	0.00	(0.05)	0.00	0.00	1.40	(2.07)	4.89
FNGAX	0.81	(0.10)	0.00	1.26	0.00	0.00	1.30	(2.15)	4.86
HWAAX	0.58	(0.05)	0.00	0.70	0.00	0.00	1.11	(1.29)	4.33
CIMDX	0.71	(0.03)	(0.04)	0.01	0.80	(0.85)	1.41	(1.25)	5.74
MIOPX	0.77	(0.12)	0.00	(0.07)	0.00	0.00	1.45	(1.73)	4.82
VLEOX	0.79	(0.02)	(0.02)	0.02	0.84	(0.93)	1.53	(1.54)	4.63
COVAX	0.75	(0.04)	0.00	15.47	0.00	0.00	1.58	(1.49)	6.48

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