Pimco Rae Correlations

PXTNX Fund

USD 20.17 0.16 0.80%

The current 90-days correlation between Pimco Rae Plus and Gmo High Yield is -0.12 (i.e., Good diversification). The correlation of Pimco Rae 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 Rae Correlation With Market

Poor diversification

The correlation between Pimco Rae Plus and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Rae Plus 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 Rae Plus. 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 board of governors.

Moving together with Pimco Mutual Fund

0.99	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.99	AMFCX	American Mutual	Pair Corr
0.99	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.93	ERH	Allspring Utilities And	Pair Corr
0.97	WHIYX	Ivy High Income	Pair Corr
0.97	IVHIX	Ivy High Income	Pair Corr
0.97	IHIFX	Ivy High Income	Pair Corr
0.97	WRHIX	Ivy High Income	Pair Corr
0.97	WHIAX	Ivy High Income	Pair Corr
0.77	CSJZX	Cohen Steers Realty	Pair Corr
0.77	CSRSX	Cohen Steers Realty	Pair Corr
0.65	IBM	International Business	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr

Moving against Pimco Mutual Fund

0.44

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	GHVIX	BBINX	ANAGX	ABNCX	SGYAX
GHVIX		0.93	0.77	0.71	0.98	GHVIX
BBINX	0.93		0.81	0.71	0.92	BBINX
ANAGX	0.77	0.81		0.72	0.8	ANAGX
ABNCX	0.71	0.71	0.72		0.75	ABNCX
SGYAX	0.98	0.92	0.8	0.75		SGYAX
	GHVIX	BBINX	ANAGX	ABNCX	SGYAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Rae 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 Rae'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
GHVIX	0.17	0.09	(0.60)	(1.27)	0.00	(0.23)	0.48	(0.29)	1.35
BBINX	0.11	0.02	(1.10)	(1.33)	0.00	(0.15)	0.30	(0.20)	0.70
ANAGX	0.16	0.02	(0.84)	(2.98)	0.07	(0.20)	0.29	(0.29)	0.73
ABNCX	0.15	0.02	(0.63)	(14.44)	0.08	(0.17)	0.30	(0.39)	1.09
SGYAX	0.17	0.04	(0.68)	0.50	0.00	(0.29)	0.59	(0.14)	0.99

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