Real Return Correlations

Mutual Funds . USA . 
Fund . Real Return Fund
PRTNX Fund  USD 10.33  0.03  0.29%   
The current 90-days correlation between Real Return Fund and Pace High Yield is 0.3 (i.e., Weak 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

RealDowDiversified AwayRealDowDiversified Away100%

Modest diversification

The correlation between Real Return Fund and DJI is 0.22 (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 board of governors.

Moving together with Real Mutual Fund

  0.77PWLIX Pimco Rae WorldwidePairCorr
  0.7PFATX Pimco FundamentalPairCorr
  0.84PFIIX Pimco Floating IncomePairCorr
  0.8PFMIX Municipal BondPairCorr
  0.68PFORX Pimco Foreign BondPairCorr
  0.74PFRAX Pimco Foreign BondPairCorr
  0.84PFTPX Pimco Floating IncomePairCorr
  0.85PFUUX Pimco Foreign BondPairCorr
  0.84PFUAX Foreign BondPairCorr
  0.68PXTIX Fundamental IndexplusPairCorr
  0.77PGOVX Long Term GovernmentPairCorr
  0.84PHDCX High Yield FundPairCorr
  0.78PHIYX High Yield FundPairCorr
  0.73PDI Pimco Dynamic IncomePairCorr
  0.82PHMIX Pimco High YieldPairCorr
  0.82PIGIX Investment Grade PoratePairCorr
  0.82PIMIX Pimco IncomePairCorr
  0.76PISIX Pimco InternationalPairCorr
  0.69PLDIX Low DurationPairCorr
  0.74PLDRX Low DurationPairCorr
  0.7PLDTX Low DurationPairCorr
  0.75PLMIX Pimco Emerging MarketsPairCorr
  0.75PLMPX Pimco Emerging MarketsPairCorr
  0.77PNRNX Pimco RealestaterealrePairCorr
  0.69PNYIX New York MunicipalPairCorr
  0.79PONPX Pimco Incme FundPairCorr
  0.93PPGNX Pimco Gnma FundPairCorr
  0.74PRRSX RealestaterealreturnPairCorr
  0.81PRRIX Real Return FundPairCorr
  0.84PAAIX All Asset FundPairCorr
  0.92PAALX All Asset FundPairCorr
  0.92PAANX Pimco All AssetPairCorr
  0.84PALPX Pimco All AssetPairCorr
  0.86PASAX All Asset FundPairCorr
  0.9PASCX All Asset FundPairCorr
  0.96PAUIX Pimco All AssetPairCorr

Moving against Real Mutual Fund

  0.77PQTAX Pimco Trends ManagedPairCorr
  0.77PQTNX Pimco Trends ManagedPairCorr

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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