Pimco Low Correlations

Mutual Funds USA . 
Fund . Pimco Low Duration
PLDPX Fund  USD 9.36  0.01  0.11%   
The current 90-days correlation between Pimco Low Duration and Blue Chip Growth is -0.18 (i.e., Good diversification). The correlation of Pimco Low 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 Low Correlation With Market

Very poor diversification

The correlation between Pimco Low Duration and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Low Duration 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 Low Duration. 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 persons.

Moving together with Pimco Mutual Fund

  0.74PWLEX Pimco Rae WorldwidePairCorr
  0.76PWLMX Pimco Rae WorldwidePairCorr
  0.76PWLIX Pimco Rae WorldwidePairCorr
  0.61PFBPX Pimco Foreign BondPairCorr
  0.84PFCJX Pimco Preferred AndPairCorr
  0.89PFATX Pimco FundamentalPairCorr
  0.86PFANX Pimco Capital SecPairCorr
  0.95PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.87PFINX Pimco Capital SecPairCorr
  0.81PFMIX Municipal BondPairCorr
  0.95PFNCX Pimco Floating IncomePairCorr
  0.61PFONX Pimco International BondPairCorr
  0.61PFORX Pimco Foreign BondPairCorr
  0.97PFNIX Pimco Low DurationPairCorr
  0.72PFRCX Foreign BondPairCorr
  0.81PFRMX Pimco Inflation ResponsePairCorr
  0.87PFPNX Pimco Capital SecPairCorr
  0.94PFTCX Short Term FundPairCorr
  0.97PFTPX Pimco Floating IncomePairCorr
  0.92PFSIX Pimco Emerging MarketsPairCorr
  0.75PFUUX Pimco Foreign BondPairCorr
  0.74PFUAX Foreign BondPairCorr
  0.76PFUIX Foreign BondPairCorr
  0.76PFUNX Pimco International BondPairCorr
  0.76PFUPX Pimco Foreign BondPairCorr
  0.9PGAPX Pimco Global MultiPairCorr
  0.91PXTIX Fundamental IndexplusPairCorr
  0.92PXTNX Pimco Rae PlusPairCorr
  0.94PGBIX Global Bond FundPairCorr
  0.9PGAIX Pimco Global MultiPairCorr
  0.73PGCAX Investment Grade PoratePairCorr

Moving against Pimco Mutual Fund

  0.54PFGCX Long Term GovernmentPairCorr
  0.51PFGAX Long Term GovernmentPairCorr
  0.7PGOVX Long Term GovernmentPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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