Pimco Low Correlations

Mutual Funds . USA . 
Fund . Pimco Low Duration
PFNIX Fund  USD 8.14  0.01  0.12%   
The current 90-days correlation between Pimco Low Duration and Siit Small Cap is 0.34 (i.e., Weak diversification). The correlation of Pimco Low 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 Low Correlation With Market

Significant diversification

The correlation between Pimco Low Duration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Low 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 Low 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 gross domestic product.

Moving together with Pimco Mutual Fund

  0.96PWLEX Pimco Rae WorldwidePairCorr
  0.96PWLBX Pimco Rae WorldwidePairCorr
  0.96PWLMX Pimco Rae WorldwidePairCorr
  0.96PWLIX Pimco Rae WorldwidePairCorr
  0.7PFCJX Pimco Preferred AndPairCorr
  0.91PFATX Pimco FundamentalPairCorr
  0.71PFANX Pimco Capital SecPairCorr
  0.93PFGAX Long Term GovernmentPairCorr
  0.92PFGCX Long Term GovernmentPairCorr
  1.0PFIAX Pimco Floating IncomePairCorr
  1.0PFIIX Pimco Floating IncomePairCorr
  0.99PFIUX Pimco Unconstrained BondPairCorr
  0.71PFINX Pimco Capital SecPairCorr
  0.81PFMIX Municipal BondPairCorr
  1.0PFNCX Pimco Floating IncomePairCorr
  0.71PFNNX Pimco Preferred AndPairCorr
  0.99PFNUX Pimco Dynamic BondPairCorr
  0.93PFRCX Foreign BondPairCorr
  0.97PFRMX Pimco Inflation ResponsePairCorr
  0.71PFPNX Pimco Capital SecPairCorr
  0.96PFTCX Short Term FundPairCorr
  1.0PFTPX Pimco Floating IncomePairCorr
  0.98PFSIX Pimco Emerging MarketsPairCorr
  0.94PFUUX Pimco Foreign BondPairCorr
  0.94PFUAX Foreign BondPairCorr
  0.94PFUNX Pimco International BondPairCorr
  0.94PFUPX Pimco Foreign BondPairCorr
  0.65PGAPX Pimco Global MultiPairCorr
  0.99PGBIX Global Bond FundPairCorr
  0.65PGAIX 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 Low 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 Low'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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