Real Return Correlations

Mutual Funds . USA . 
Fund . Real Return Fund
PRRIX Fund  USD 10.47  0.02  0.19%   
The current 90-days correlation between Real Return Fund and Invesco Vertible Securities is 0.02 (i.e., Significant diversification). The correlation of Real Return 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.

Real Return Correlation With Market

Very weak diversification

The correlation between Real Return Fund and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Return 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 Real Return 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 gross domestic product.

Moving together with Real Mutual Fund

  0.84PWLEX Pimco Rae WorldwidePairCorr
  0.81PWLBX Pimco Rae WorldwidePairCorr
  0.84PWLMX Pimco Rae WorldwidePairCorr
  0.84PWLIX Pimco Rae WorldwidePairCorr
  0.9PFBPX Pimco Foreign BondPairCorr
  0.82PFCJX Pimco Preferred AndPairCorr
  0.76PFATX Pimco FundamentalPairCorr
  0.82PFANX Pimco Capital SecPairCorr
  0.84PFGAX Long Term GovernmentPairCorr
  0.83PFGCX Long Term GovernmentPairCorr
  0.7PFIAX Pimco Floating IncomePairCorr
  0.73PFIIX Pimco Floating IncomePairCorr
  0.64PFIUX Pimco Unconstrained BondPairCorr
  0.82PFINX Pimco Capital SecPairCorr
  0.9PFMIX Municipal BondPairCorr
  0.71PFNCX Pimco Floating IncomePairCorr
  0.9PFONX Pimco International BondPairCorr
  0.9PFORX Pimco Foreign BondPairCorr
  0.82PFNNX Pimco Preferred AndPairCorr
  0.73PFNIX Pimco Low DurationPairCorr
  0.64PFNUX Pimco Dynamic BondPairCorr
  0.89PFOAX Pimco Foreign BondPairCorr
  0.9PFOCX Pimco Foreign BondPairCorr
  0.67PFRCX Foreign Bond Potential GrowthPairCorr
  0.9PFRAX Pimco Foreign BondPairCorr
  0.83PFRMX Pimco Inflation ResponsePairCorr
  0.82PFPNX Pimco Capital SecPairCorr
  0.71PFTCX Short Term FundPairCorr
  0.73PFTPX Pimco Floating IncomePairCorr
  0.9PFRRX Pimco Foreign BondPairCorr
  0.68PFSIX Pimco Emerging MarketsPairCorr
  0.69PFUUX Pimco Foreign BondPairCorr
  0.68PFUAX Foreign BondPairCorr
  0.68PFUIX Foreign BondPairCorr
  0.68PFUNX Pimco International Bond Potential GrowthPairCorr
  0.68PFUPX Pimco Foreign BondPairCorr
  0.76PGAPX Pimco Global MultiPairCorr
  0.7PGBIX Global Bond FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Return 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 Real Return'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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