Pimco Foreign Correlations
| PFOAX Fund | USD 9.90 0.02 0.20% |
The current 90-days correlation between Pimco Foreign Bond and Foreign Bond Fund is 0.26 (i.e., Modest 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.
Pimco |
Moving together with Pimco Mutual Fund
| 1.0 | PFBPX | Pimco Foreign Bond | PairCorr |
| 0.67 | PFANX | Pimco Capital Sec | PairCorr |
| 0.83 | PFIAX | Pimco Floating Income | PairCorr |
| 0.83 | PFIIX | Pimco Floating Income | PairCorr |
| 0.85 | PFIUX | Pimco Unconstrained Bond | PairCorr |
| 0.7 | PFINX | Pimco Capital Sec | PairCorr |
| 0.67 | PFMIX | Municipal Bond | PairCorr |
| 0.83 | PFNCX | Pimco Floating Income | PairCorr |
| 1.0 | PFONX | Pimco International Bond | PairCorr |
| 0.97 | PFORX | Pimco Foreign Bond | PairCorr |
| 0.69 | PFNNX | Pimco Preferred And | PairCorr |
| 0.83 | PFNIX | Pimco Low Duration | PairCorr |
| 0.86 | PFNUX | Pimco Dynamic Bond | PairCorr |
| 1.0 | PFOCX | Pimco Foreign Bond | PairCorr |
| 1.0 | PFRAX | Pimco Foreign Bond | PairCorr |
| 0.7 | PFPNX | Pimco Capital Sec | PairCorr |
| 0.83 | PFTPX | Pimco Floating Income | PairCorr |
| 1.0 | PFRRX | Pimco Foreign Bond | PairCorr |
| 0.72 | PGAPX | Pimco Global Multi | PairCorr |
| 0.86 | PGBIX | Global Bond Fund | PairCorr |
Related Correlations Analysis
| 0.36 | -0.03 | -0.01 | 0.36 | PFUAX | ||
| 0.36 | 0.84 | 0.77 | 0.96 | PAEMX | ||
| -0.03 | 0.84 | 0.8 | 0.79 | PHDAX | ||
| -0.01 | 0.77 | 0.8 | 0.78 | PTLAX | ||
| 0.36 | 0.96 | 0.79 | 0.78 | PONAX | ||
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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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFUAX | 0.32 | (0.06) | 0.00 | (8.72) | 0.00 | 0.68 | 2.01 | |||
| PAEMX | 0.23 | (0.01) | 0.00 | (0.21) | 0.00 | 0.59 | 1.78 | |||
| PHDAX | 0.15 | 0.01 | 0.03 | 0.22 | 0.13 | 0.25 | 1.12 | |||
| PTLAX | 0.06 | (0.01) | (0.02) | (0.50) | 0.05 | 0.22 | 0.76 | |||
| PONAX | 0.18 | (0.01) | 0.00 | (0.14) | 0.00 | 0.57 | 1.33 |