Pimco Dynamic Correlations

Mutual Funds . USA . 
Fund . Pimco Dynamic Bond
PFNUX Fund  USD 10.08  0.03  0.30%   
The correlation of Pimco Dynamic 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 Dynamic Correlation With Market

Average diversification

The correlation between Pimco Dynamic Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Dynamic 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 Dynamic 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 employment.

Moving together with PIMCO Mutual Fund

  0.91PWLEX Pimco Rae WorldwidePairCorr
  0.91PWLBX Pimco Rae WorldwidePairCorr
  0.91PWLMX Pimco Rae WorldwidePairCorr
  0.97PWLIX Pimco Rae WorldwidePairCorr
  0.69PFCJX Pimco Preferred AndPairCorr
  0.89PFATX Pimco FundamentalPairCorr
  0.68PFANX Pimco Capital SecPairCorr
  0.95PFGAX Long Term GovernmentPairCorr
  0.94PFGCX Long Term GovernmentPairCorr
  0.99PFIAX Pimco Floating IncomePairCorr
  0.99PFIIX Pimco Floating IncomePairCorr
  1.0PFIUX Pimco Unconstrained BondPairCorr
  0.7PFINX Pimco Capital SecPairCorr
  0.81PFMIX Municipal BondPairCorr
  0.92PFNCX Pimco Floating IncomePairCorr
  0.7PFNNX Pimco Preferred AndPairCorr
  0.92PFNIX Pimco Low DurationPairCorr
  0.95PFRCX Foreign BondPairCorr
  0.75PFRMX Pimco Inflation ResponsePairCorr
  0.68PFPNX Pimco Capital SecPairCorr
  0.87PFTCX Short Term FundPairCorr
  0.99PFTPX Pimco Floating IncomePairCorr
  0.98PFSIX Pimco Emerging MarketsPairCorr
  0.96PFUUX Pimco Foreign BondPairCorr
  0.95PFUAX Foreign BondPairCorr
  0.86PFUIX Foreign BondPairCorr
  0.96PFUNX Pimco International BondPairCorr
  0.96PFUPX Pimco Foreign BondPairCorr
  0.61PGAPX Pimco Global MultiPairCorr
  0.92PGBIX 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 Dynamic 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 Dynamic'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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