Foreign Bond Correlations

Mutual Funds USA . 
Fund . Foreign Bond Fund
PFUAX Fund  USD 7.53  0.03  0.40%   
The current 90-days correlation between Foreign Bond and Hartford Schroders Emerging is 0.69 (i.e., Poor diversification). The correlation of Foreign Bond 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.

Foreign Bond Correlation With Market

Modest diversification

The correlation between Foreign Bond Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Bond Fund 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 Foreign Bond Fund. 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 Foreign Mutual Fund

  0.79PWLEX Pimco Rae WorldwidePairCorr
  0.78PWLBX Pimco Rae WorldwidePairCorr
  0.78PWLMX Pimco Rae WorldwidePairCorr
  0.77PWLIX Pimco Rae WorldwidePairCorr
  0.73PFBPX Pimco Foreign BondPairCorr
  0.79PFCJX Pimco Preferred AndPairCorr
  0.81PFANX Pimco Capital SecPairCorr
  0.87PFGAX Long Term GovernmentPairCorr
  0.86PFGCX Long Term GovernmentPairCorr
  0.79PFINX Pimco Capital SecPairCorr
  0.89PFMIX Municipal BondPairCorr
  0.73PFONX Pimco International BondPairCorr
  0.72PFORX Pimco Foreign BondPairCorr
  0.78PFNNX Pimco Preferred AndPairCorr
  0.74PFOAX Pimco Foreign BondPairCorr
  0.78PFOCX Pimco Foreign BondPairCorr
  1.0PFRCX Foreign BondPairCorr
  0.73PFRAX Pimco Foreign BondPairCorr
  0.66PFRMX Pimco Inflation ResponsePairCorr
  0.78PFPNX Pimco Capital SecPairCorr
  0.76PFRRX Pimco Foreign BondPairCorr
  0.82PFSIX Pimco Emerging MarketsPairCorr
  1.0PFUUX Pimco Foreign BondPairCorr
  1.0PFUIX Foreign BondPairCorr
  1.0PFUNX Pimco International BondPairCorr
  1.0PFUPX Pimco Foreign BondPairCorr
  0.67PGAPX Pimco Global MultiPairCorr
  0.74PXTIX Fundamental IndexplusPairCorr
  0.74PXTNX Pimco Rae PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Foreign Mutual Fund performing well and Foreign Bond 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 Foreign Bond'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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