Pimco Trends Correlations

Mutual Funds . USA . 
Fund . Pimco Trends Managed
PQTAX Fund  USD 10.20  0.03  0.29%   
The current 90-days correlation between Pimco Trends Managed and Asg Managed Futures is 0.59 (i.e., Very weak diversification). The correlation of Pimco Trends 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 Trends Correlation With Market

Good diversification

The correlation between Pimco Trends Managed and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Trends Managed 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 Trends Managed. 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 Pimco Mutual Fund

  0.89PFTCX Short Term FundPairCorr

Moving against Pimco Mutual Fund

  0.73PFATX Pimco FundamentalPairCorr
  0.72PFGCX Long Term GovernmentPairCorr
  0.67PFGAX Long Term GovernmentPairCorr
  0.62PWLEX Pimco Rae WorldwidePairCorr
  0.61PWLBX Pimco Rae WorldwidePairCorr
  0.61PWLMX Pimco Rae WorldwidePairCorr
  0.47PWLIX Pimco Rae WorldwidePairCorr
  0.43PFCJX Pimco Preferred AndPairCorr
  0.81PFRCX Foreign BondPairCorr
  0.81PFUUX Pimco Foreign BondPairCorr
  0.79PFUIX Foreign BondPairCorr
  0.76PFUAX Foreign BondPairCorr
  0.71PFRMX Pimco Inflation ResponsePairCorr
  0.68PFSIX Pimco Emerging MarketsPairCorr
  0.81PFUNX Pimco International BondPairCorr
  0.8PFUPX Pimco Foreign BondPairCorr
  0.7PGOVX Long Term GovernmentPairCorr
  0.52PGCAX Investment Grade PoratePairCorr
  0.37PYMPX Pimco High YieldPairCorr
  0.36PYMCX Pimco High YieldPairCorr

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   
PQTIX
+ 0.93
AQMNX
ASFYX
+ 0.83
AMFAX
AQMNX
+ 0.82
AMFAX
AQMNX
+ 0.77
ASFYX
PQTIX
+ 0.72
AMFAX
PQTIX
+ 0.69
ASFYX
  
High negative correlations   
PQTIX
- 0.17
DBMF

Risk-Adjusted Indicators

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