Pimco Inflation Correlations

Mutual Funds . USA . 
Fund . Pimco Inflation Response
PFRMX Fund   8.55  0.01  0.12%   
The current 90-days correlation between Pimco Inflation Response and T Rowe Price is 0.39 (i.e., Weak diversification). The correlation of Pimco Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between Pimco Inflation Response and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Inflation Response 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 Inflation Response. 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 population.

Moving together with Pimco Mutual Fund

  0.93PWLEX Pimco Rae WorldwidePairCorr
  0.93PWLBX Pimco Rae WorldwidePairCorr
  0.85PWLMX Pimco Rae WorldwidePairCorr
  0.94PWLIX Pimco Rae WorldwidePairCorr
  0.88PFCJX Pimco Preferred AndPairCorr
  0.9PFATX Pimco FundamentalPairCorr
  0.93PFANX Pimco Capital SecPairCorr
  0.81PFGAX Long Term GovernmentPairCorr
  0.84PFGCX Long Term GovernmentPairCorr
  0.98PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.93PFINX Pimco Capital SecPairCorr
  0.77PFMIX Municipal BondPairCorr
  0.98PFNCX Pimco Floating IncomePairCorr
  0.93PFNNX Pimco Preferred AndPairCorr
  0.97PFNIX Pimco Low DurationPairCorr
  0.96PFNUX Pimco Dynamic BondPairCorr
  0.88PFRCX Foreign BondPairCorr
  0.93PFPNX Pimco Capital SecPairCorr
  0.94PFTCX Short Term FundPairCorr
  0.97PFTPX Pimco Floating IncomePairCorr
  0.96PFSIX Pimco Emerging MarketsPairCorr
  0.9PFUUX Pimco Foreign BondPairCorr
  0.9PFUAX Foreign BondPairCorr
  0.91PFUIX Foreign BondPairCorr
  0.9PFUNX Pimco International BondPairCorr
  0.9PFUPX Pimco Foreign BondPairCorr
  0.85PGAPX Pimco Global MultiPairCorr
  0.96PGBIX 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 Inflation 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 Inflation'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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