Pimco International Correlations

Mutual Funds . USA . 
Fund . Pimco International Bond
PFUNX Fund  USD 7.52  0.01  0.13%   
The current 90-days correlation between Pimco International Bond and Aqr Diversified Arbitrage is -0.09 (i.e., Good diversification). The correlation of Pimco International 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 International Correlation With Market

Average diversification

The correlation between Pimco International 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 International 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 International 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 board of governors.

Moving together with Pimco Mutual Fund

  0.94PWLEX Pimco Rae WorldwidePairCorr
  0.94PWLBX Pimco Rae WorldwidePairCorr
  0.89PWLMX Pimco Rae WorldwidePairCorr
  0.94PWLIX Pimco Rae WorldwidePairCorr
  0.88PFCJX Pimco Preferred AndPairCorr
  0.84PFATX Pimco FundamentalPairCorr
  0.91PFANX Pimco Capital SecPairCorr
  0.89PFGAX Long Term GovernmentPairCorr
  0.91PFGCX Long Term GovernmentPairCorr
  0.93PFIAX Pimco Floating IncomePairCorr
  0.92PFIIX Pimco Floating IncomePairCorr
  0.93PFIUX Pimco Unconstrained BondPairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.74PFMIX Municipal BondPairCorr
  0.93PFNCX Pimco Floating IncomePairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.92PFNIX Pimco Low DurationPairCorr
  0.93PFNUX Pimco Dynamic BondPairCorr
  1.0PFRCX Foreign BondPairCorr
  0.9PFRMX Pimco Inflation ResponsePairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.84PFTCX Short Term FundPairCorr
  0.92PFTPX Pimco Floating IncomePairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  1.0PFUUX Pimco Foreign BondPairCorr
  1.0PFUAX Foreign BondPairCorr
  1.0PFUIX Foreign BondPairCorr
  1.0PFUPX Pimco Foreign BondPairCorr
  0.71PGAPX Pimco Global MultiPairCorr
  0.92PGBIX Global Bond FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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