Real Return Correlations

PRRIX Fund

USD 10.41 0.03 0.29%

The current 90-days correlation between Real Return Fund and Metropolitan West High is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Real Return Fund and DJI is 0.27 (i.e., Modest 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

0.76	PFBPX	Pimco Foreign Bond	Pair Corr
0.76	PFONX	Pimco International Bond	Pair Corr
0.74	PFORX	Pimco Foreign Bond	Pair Corr
0.64	PFOAX	Pimco Foreign Bond	Pair Corr
0.63	PFOCX	Pimco Foreign Bond	Pair Corr
0.76	PFRAX	Pimco Foreign Bond	Pair Corr
0.77	PFRRX	Pimco Foreign Bond	Pair Corr

Related Correlations Analysis

	AGTFX	APDFX	CBSYX	CABIX	PHIAX	WAHSX	ATPAX	MWHIX
AGTFX		0.9	0.9	0.9	0.91	0.84	0.92	0.81	AGTFX
APDFX	0.9		0.9	0.9	0.93	0.96	0.96	0.96	APDFX
CBSYX	0.9	0.9		1.0	0.94	0.88	0.88	0.84	CBSYX
CABIX	0.9	0.9	1.0		0.94	0.88	0.88	0.83	CABIX
PHIAX	0.91	0.93	0.94	0.94		0.95	0.93	0.91	PHIAX
WAHSX	0.84	0.96	0.88	0.88	0.95		0.93	0.98	WAHSX
ATPAX	0.92	0.96	0.88	0.88	0.93	0.93		0.93	ATPAX
MWHIX	0.81	0.96	0.84	0.83	0.91	0.98	0.93		MWHIX
	AGTFX	APDFX	CBSYX	CABIX	PHIAX	WAHSX	ATPAX	MWHIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGTFX	0.65	0.13	0.16	0.18	0.54	(0.77)	1.13	(1.22)	9.93
APDFX	0.08	0.00	(0.24)	0.03	0.00	(0.17)	0.11	(0.11)	0.88
CBSYX	0.43	0.06	0.08	0.14	0.39	(0.49)	0.82	(0.88)	5.72
CABIX	0.44	0.06	0.08	0.14	0.41	(0.49)	0.83	(0.89)	5.68
PHIAX	0.08	0.01	(0.13)	0.65	0.00	(0.14)	0.23	(0.11)	0.45
WAHSX	0.10	0.00	(0.19)	0.03	0.00	(0.19)	0.14	(0.14)	0.85
ATPAX	0.09	0.00	(0.16)	0.00	0.00	(0.19)	0.25	(0.12)	0.73
MWHIX	0.10	0.00	(0.24)	0.00	0.00	(0.20)	0.22	(0.22)	1.09

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Real Return Correlations

Real Return Correlation With Market

Modest diversification

Moving together with Real Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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