Pimco Foreign Correlations

Mutual Funds . USA . 
Fund . Pimco Foreign Bond
PFBPX Fund  USD 9.84  0.01  0.10%   
The current 90-days correlation between Pimco Foreign Bond and Us Government Securities is 0.2 (i.e., Modest diversification). The correlation of Pimco Foreign 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 Foreign Correlation With Market

Significant diversification

The correlation between Pimco Foreign Bond and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Foreign Bond 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 Foreign Bond. 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 american community survey.

Moving together with Pimco Mutual Fund

  0.68PFCJX Pimco Preferred AndPairCorr
  0.66PFANX Pimco Capital SecPairCorr
  0.66PFINX Pimco Capital SecPairCorr
  0.71PFMIX Municipal BondPairCorr
  1.0PFONX Pimco International BondPairCorr
  0.91PFORX Pimco Foreign BondPairCorr
  0.66PFNNX Pimco Preferred AndPairCorr
  1.0PFOAX Pimco Foreign BondPairCorr
  0.98PFOCX Pimco Foreign BondPairCorr
  1.0PFRAX Pimco Foreign BondPairCorr
  0.65PFPNX Pimco Capital SecPairCorr
  0.99PFRRX Pimco Foreign BondPairCorr
  0.7PGAPX Pimco Global MultiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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