Real Return Correlations

Mutual Funds . USA . 
Fund . Real Return Fund
PRRIX Fund  USD 10.11  0.02  0.20%   
The current 90-days correlation between Real Return Fund and Oklahoma College Savings is 0.07 (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

Good diversification

The correlation between Real Return Fund and DJI is -0.03 (i.e., Good 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

  0.87PWLEX Pimco Rae Worldwide Steady GrowthPairCorr
  0.85PWLBX Pimco Rae Worldwide Steady GrowthPairCorr
  0.86PWLMX Pimco Rae Worldwide Steady GrowthPairCorr
  0.76PWLIX Pimco Rae Worldwide Steady GrowthPairCorr
  0.7PFCJX Pimco Preferred AndPairCorr
  0.73PFANX Pimco Capital SecPairCorr
  0.83PFGAX Long Term GovernmentPairCorr
  0.82PFGCX Long Term GovernmentPairCorr
  0.69PFINX Pimco Capital SecPairCorr
  0.77PFMIX Municipal BondPairCorr
  0.69PFNNX Pimco Preferred AndPairCorr
  0.79PFRCX Foreign BondPairCorr
  0.72PFRMX Pimco Inflation ResponsePairCorr
  0.67PFPNX Pimco Capital SecPairCorr
  0.84PFSIX Pimco Emerging MarketsPairCorr
  0.8PFUUX Pimco Foreign BondPairCorr
  0.8PFUAX Foreign BondPairCorr
  0.81PFUIX Foreign BondPairCorr
  0.8PFUNX Pimco International BondPairCorr
  0.8PFUPX Pimco Foreign BondPairCorr
  0.65PXTIX Fundamental IndexplusPairCorr
  0.65PXTNX Pimco Rae PlusPairCorr

Moving against Real Mutual Fund

  0.33PFTCX Short Term FundPairCorr

Related Correlations Analysis

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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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