Pimco Foreign Correlations

Mutual Funds . USA . 
Fund . Pimco Foreign Bond
PFBPX Fund  USD 9.90  0.02  0.20%   
The current 90-days correlation between Pimco Foreign Bond and Eagle Mlp Strategy is 0.16 (i.e., Average diversification). The correlation of Pimco Foreign 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 Foreign Correlation With Market

Average diversification

The correlation between Pimco Foreign Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Foreign Bond 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 Foreign Bond. 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 american community survey.

Moving together with Pimco Mutual Fund

  0.65PFANX Pimco Capital SecPairCorr
  0.85PFIAX Pimco Floating IncomePairCorr
  0.85PFIIX Pimco Floating IncomePairCorr
  0.88PFIUX Pimco Unconstrained BondPairCorr
  0.68PFINX Pimco Capital SecPairCorr
  0.63PFMIX Municipal BondPairCorr
  0.85PFNCX Pimco Floating IncomePairCorr
  1.0PFONX Pimco International BondPairCorr
  0.96PFORX Pimco Foreign BondPairCorr
  0.67PFNNX Pimco Preferred AndPairCorr
  0.85PFNIX Pimco Low DurationPairCorr
  0.88PFNUX Pimco Dynamic BondPairCorr
  1.0PFOAX Pimco Foreign BondPairCorr
  0.99PFOCX Pimco Foreign BondPairCorr
  1.0PFRAX Pimco Foreign BondPairCorr
  0.68PFPNX Pimco Capital SecPairCorr
  0.85PFTPX Pimco Floating IncomePairCorr
  1.0PFRRX Pimco Foreign BondPairCorr
  0.72PGAPX Pimco Global MultiPairCorr
  0.88PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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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   
OBEGX
+ 0.88
RBLCX
RYMDX
+ 0.83
RBLCX
RYMDX
+ 0.8
OBEGX
RYVYX
+ 0.74
SYMAX
RYMDX
+ 0.71
SYMAX
RYVYX
+ 0.7
RBLCX
  
High negative correlations   
WFEMX
- 0.12
EGLNX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Foreign 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 Foreign'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.

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