| PFATX Fund | | | USD 7.87 0.05 0.64% |
The current 90-days correlation between Pimco Fundamental and Blackrock Global Long is 0.17 (i.e., Average diversification). The correlation of Pimco Fundamental 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 Fundamental Correlation With Market
Average diversification
The correlation between Pimco Fundamental Advantage and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Fundamental Advantage and DJI in the same portfolio, assuming nothing else is changed.
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signals in estimate.