Pimco Total Correlations

Mutual Funds . USA . 
Fund . Pimco Total Return
PRAPX Fund  USD 7.90  0.03  0.38%   
The current 90-days correlation between Pimco Total Return and Qs Growth Fund is 0.2 (i.e., Modest diversification). The correlation of Pimco Total 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 Total Correlation With Market

Poor diversification

The correlation between Pimco Total Return and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Total Return 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 Total Return. 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

  0.62PWLEX Pimco Rae Worldwide Steady GrowthPairCorr
  0.64PWLMX Pimco Rae Worldwide Steady GrowthPairCorr
  0.64PWLIX Pimco Rae Worldwide Steady GrowthPairCorr
  0.78PFBPX Pimco Foreign BondPairCorr
  0.85PFCJX Pimco Preferred AndPairCorr
  0.69PFATX Pimco Fundamental Steady GrowthPairCorr
  0.79PFANX Pimco Capital SecPairCorr
  0.8PFIAX Pimco Floating IncomePairCorr
  0.85PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.85PFINX Pimco Capital SecPairCorr
  0.82PFMIX Municipal BondPairCorr
  0.82PFNCX Pimco Floating IncomePairCorr
  0.78PFONX Pimco International BondPairCorr
  0.77PFORX Pimco Foreign BondPairCorr
  0.85PFNNX Pimco Preferred AndPairCorr
  0.84PFNIX Pimco Low DurationPairCorr
  0.63PFRCX Foreign BondPairCorr
  0.76PFRAX Pimco Foreign BondPairCorr
  0.82PFRMX Pimco Inflation ResponsePairCorr
  0.84PFPNX Pimco Capital SecPairCorr
  0.77PFTCX Short Term FundPairCorr
  0.84PFTPX Pimco Floating IncomePairCorr
  0.76PFRRX Pimco Foreign BondPairCorr
  0.81PFSIX Pimco Emerging MarketsPairCorr
  0.68PFUUX Pimco Foreign BondPairCorr
  0.62PFUAX Foreign BondPairCorr
  0.68PFUIX Foreign BondPairCorr
  0.68PFUNX Pimco International BondPairCorr
  0.68PFUPX Pimco Foreign BondPairCorr
  0.81PGAPX Pimco Global MultiPairCorr
  0.7PXTIX Fundamental IndexplusPairCorr
  0.72PXTNX Pimco Rae PlusPairCorr
  0.93PGBIX Global Bond FundPairCorr
  0.81PGAIX Pimco Global MultiPairCorr

Moving against Pimco Mutual Fund

  0.32PGOVX Long Term GovernmentPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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