Pimco Capital Correlations

Mutual Funds . USA . 
Fund . Pimco Capital Sec
PFINX Fund  USD 9.34  0.01  0.11%   
The current 90-days correlation between Pimco Capital Sec and Pimco Mortgage Opportunities is 0.32 (i.e., Weak diversification). The correlation of Pimco Capital 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 Capital Correlation With Market

Modest diversification

The correlation between Pimco Capital Sec and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Capital Sec 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 Capital Sec. 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 Pimco Mutual Fund

  0.72PWLEX Pimco Rae WorldwidePairCorr
  0.76PWLBX Pimco Rae WorldwidePairCorr
  0.76PWLMX Pimco Rae WorldwidePairCorr
  0.76PWLIX Pimco Rae WorldwidePairCorr
  0.66PFBPX Pimco Foreign BondPairCorr
  1.0PFCJX Pimco Preferred AndPairCorr
  0.64PFATX Pimco FundamentalPairCorr
  1.0PFANX Pimco Capital SecPairCorr
  0.74PFGAX Long Term GovernmentPairCorr
  0.73PFGCX Long Term GovernmentPairCorr
  0.73PFIAX Pimco Floating IncomePairCorr
  0.71PFIIX Pimco Floating IncomePairCorr
  0.72PFIUX Pimco Unconstrained BondPairCorr
  0.9PFMIX Municipal BondPairCorr
  0.73PFNCX Pimco Floating IncomePairCorr
  0.66PFONX Pimco International BondPairCorr
  0.66PFORX Pimco Foreign BondPairCorr
  1.0PFNNX Pimco Preferred AndPairCorr
  0.71PFNIX Pimco Low DurationPairCorr
  0.72PFNUX Pimco Dynamic BondPairCorr
  0.62PFOAX Pimco Foreign BondPairCorr
  0.67PFRCX Foreign BondPairCorr
  0.62PFRAX Pimco Foreign BondPairCorr
  0.74PFRMX Pimco Inflation ResponsePairCorr
  1.0PFPNX Pimco Capital SecPairCorr
  0.62PFTCX Short Term FundPairCorr
  0.71PFTPX Pimco Floating IncomePairCorr
  0.61PFRRX Pimco Foreign BondPairCorr
  0.72PFSIX Pimco Emerging MarketsPairCorr
  0.67PFUUX Pimco Foreign BondPairCorr
  0.68PFUAX Foreign BondPairCorr
  0.68PFUIX Foreign BondPairCorr
  0.67PFUNX Pimco International BondPairCorr
  0.68PFUPX Pimco Foreign BondPairCorr
  0.83PGAPX Pimco Global MultiPairCorr
  0.73PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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