Foreign Bond Correlations

PFUAX Fund

USD 7.47 0.05 0.67%

The current 90-days correlation between Foreign Bond and Artisan Select Equity is -0.05 (i.e., Good diversification). The correlation of Foreign Bond 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.

Foreign Bond Correlation With Market

Good diversification

The correlation between Foreign Bond Fund and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Bond Fund 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 Foreign Bond Fund. 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 nation.

Moving together with Foreign Mutual Fund

0.67	PFATX	Pimco Fundamental	Pair Corr
0.9	PFGAX	Long Term Government	Pair Corr
0.89	PFGCX	Long Term Government	Pair Corr
1.0	PFRCX	Foreign Bond	Pair Corr
0.85	PFSIX	Pimco Emerging Markets	Pair Corr
1.0	PFUUX	Pimco Foreign Bond	Pair Corr
1.0	PFUIX	Foreign Bond	Pair Corr
1.0	PFUNX	Pimco International Bond	Pair Corr
1.0	PFUPX	Pimco Foreign Bond	Pair Corr
0.71	PGBIX	Global Bond Fund	Pair Corr

Moving against Foreign Mutual Fund

0.74	PFTCX	Short Term Fund	Pair Corr
0.4	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.37	PFNUX	Pimco Dynamic Bond	Pair Corr
0.41	PXTNX	Pimco Rae Plus	Pair Corr
0.4	PXTIX	Fundamental Indexplus	Pair Corr

Related Correlations Analysis

	APDNX	DIVHX	VTCAX	RGELX	GSCYX
APDNX		0.84	0.9	0.89	0.92	APDNX
DIVHX	0.84		0.82	0.93	0.72	DIVHX
VTCAX	0.9	0.82		0.91	0.89	VTCAX
RGELX	0.89	0.93	0.91		0.85	RGELX
GSCYX	0.92	0.72	0.89	0.85		GSCYX
	APDNX	DIVHX	VTCAX	RGELX	GSCYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Foreign Mutual Fund performing well and Foreign Bond 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 Foreign Bond'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
APDNX	0.55	(0.01)	(0.07)	0.10	0.47	(0.65)	1.17	(0.99)	3.41
DIVHX	0.49	0.02	(0.03)	0.14	0.30	(0.57)	1.12	(0.74)	2.83
VTCAX	0.64	0.06	0.03	0.20	0.70	(0.66)	1.23	(1.62)	4.55
RGELX	0.57	0.00	(0.05)	0.12	0.61	(0.68)	1.31	(1.29)	3.60
GSCYX	0.85	(0.03)	0.02	0.10	0.83	(1.05)	2.14	(1.37)	7.13

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC