Pimco Floating Correlations

Mutual Funds USA . 
Fund . Pimco Floating Income
PFIAX Fund  USD 8.14  0.01  0.12%   
The current 90-days correlation between Pimco Floating Income and Short Term Fund A is 0.33 (i.e., Weak diversification). The correlation of Pimco Floating 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 Floating Correlation With Market

Average diversification

The correlation between Pimco Floating Income and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Floating Income 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 Floating Income. 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 nation.

Moving together with Pimco Mutual Fund

  0.76PWLEX Pimco Rae WorldwidePairCorr
  0.79PWLBX Pimco Rae WorldwidePairCorr
  0.79PWLMX Pimco Rae WorldwidePairCorr
  0.8PWLIX Pimco Rae WorldwidePairCorr
  0.71PFBPX Pimco Foreign BondPairCorr
  0.74PFCJX Pimco Preferred AndPairCorr
  0.62PFATX Pimco FundamentalPairCorr
  0.85PFANX Pimco Capital SecPairCorr
  1.0PFIIX Pimco Floating IncomePairCorr
  0.98PFIUX Pimco Unconstrained BondPairCorr
  0.86PFINX Pimco Capital SecPairCorr
  1.0PFNCX Pimco Floating IncomePairCorr
  0.71PFONX Pimco International BondPairCorr
  0.86PFNNX Pimco Preferred AndPairCorr
  1.0PFNIX Pimco Low DurationPairCorr
  0.97PFNUX Pimco Dynamic BondPairCorr
  0.69PFOAX Pimco Foreign BondPairCorr
  0.61PFOCX Pimco Foreign BondPairCorr
  0.71PFRAX Pimco Foreign BondPairCorr
  0.92PFRMX Pimco Inflation ResponsePairCorr
  0.87PFPNX Pimco Capital SecPairCorr
  0.83PFTCX Short Term FundPairCorr
  1.0PFTPX Pimco Floating IncomePairCorr
  0.65PFRRX Pimco Foreign BondPairCorr
  0.88PFSIX Pimco Emerging MarketsPairCorr
  0.93PGAPX Pimco Global MultiPairCorr
  0.65PXTIX Fundamental IndexplusPairCorr
  0.64PXTNX Pimco Rae PlusPairCorr
  0.96PGBIX Global Bond FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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