Pimco Short Correlations

Mutual Funds USA . 
Fund . Pimco Short Duration
PSDUX Fund  USD 8.42  0.01  0.12%   
The current 90-days correlation between Pimco Short Duration and Pace High Yield is 0.07 (i.e., Significant diversification). The correlation of Pimco Short 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 Short Correlation With Market

Very poor diversification

The correlation between Pimco Short Duration and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Short Duration 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 Short Duration. 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 population.

Moving together with Pimco Mutual Fund

  0.77PWLEX Pimco Rae WorldwidePairCorr
  0.79PWLMX Pimco Rae WorldwidePairCorr
  0.79PWLIX Pimco Rae WorldwidePairCorr
  0.69PFBPX Pimco Foreign BondPairCorr
  0.92PFCJX Pimco Preferred AndPairCorr
  0.88PFATX Pimco FundamentalPairCorr
  0.93PFANX Pimco Capital SecPairCorr
  0.95PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.97PFIUX Pimco Unconstrained BondPairCorr
  0.94PFINX Pimco Capital SecPairCorr
  0.92PFMIX Municipal BondPairCorr
  0.96PFNCX Pimco Floating IncomePairCorr
  0.69PFONX Pimco International BondPairCorr
  0.7PFORX Pimco Foreign BondPairCorr
  0.94PFNNX Pimco Preferred AndPairCorr
  0.95PFNIX Pimco Low DurationPairCorr
  0.97PFNUX Pimco Dynamic BondPairCorr
  0.72PFRCX Foreign BondPairCorr
  0.66PFRAX Pimco Foreign BondPairCorr
  0.89PFRMX Pimco Inflation ResponsePairCorr
  0.94PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  0.95PFTPX Pimco Floating IncomePairCorr
  0.63PFRRX Pimco Foreign BondPairCorr
  0.94PFSIX Pimco Emerging MarketsPairCorr
  0.78PFUUX Pimco Foreign BondPairCorr
  0.76PFUAX Foreign BondPairCorr
  0.78PFUIX Foreign BondPairCorr
  0.78PFUNX Pimco International BondPairCorr
  0.78PFUPX Pimco Foreign BondPairCorr
  0.95PGAPX Pimco Global MultiPairCorr
  0.86PXTIX Fundamental IndexplusPairCorr
  0.86PXTNX Pimco Rae PlusPairCorr
  0.94PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.45PFGCX Long Term GovernmentPairCorr
  0.43PFGAX Long Term GovernmentPairCorr
  0.62PGOVX Long Term GovernmentPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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