Pimco Foreign Correlations

PFUPX Fund

USD 7.53 0.03 0.40%

The current 90-days correlation between Pimco Foreign Bond and Eventide Healthcare Life is 0.38 (i.e., Weak diversification). The correlation of Pimco Foreign 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 Foreign Correlation With Market

Modest diversification

The correlation between Pimco Foreign Bond 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 Pimco Foreign 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 Foreign 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 american community survey.

Moving together with Pimco Mutual Fund

0.79	PWLEX	Pimco Rae Worldwide	Pair Corr
0.78	PWLBX	Pimco Rae Worldwide	Pair Corr
0.78	PWLMX	Pimco Rae Worldwide	Pair Corr
0.77	PWLIX	Pimco Rae Worldwide	Pair Corr
0.74	PFBPX	Pimco Foreign Bond	Pair Corr
0.8	PFCJX	Pimco Preferred And	Pair Corr
0.82	PFANX	Pimco Capital Sec	Pair Corr
0.86	PFGAX	Long Term Government	Pair Corr
0.85	PFGCX	Long Term Government	Pair Corr
0.8	PFINX	Pimco Capital Sec	Pair Corr
0.89	PFMIX	Municipal Bond	Pair Corr
0.74	PFONX	Pimco International Bond	Pair Corr
0.73	PFORX	Pimco Foreign Bond	Pair Corr
0.8	PFNNX	Pimco Preferred And	Pair Corr
0.75	PFOAX	Pimco Foreign Bond	Pair Corr
0.79	PFOCX	Pimco Foreign Bond	Pair Corr
1.0	PFRCX	Foreign Bond	Pair Corr
0.74	PFRAX	Pimco Foreign Bond	Pair Corr
0.66	PFRMX	Pimco Inflation Response	Pair Corr
0.79	PFPNX	Pimco Capital Sec	Pair Corr
0.77	PFRRX	Pimco Foreign Bond	Pair Corr
0.83	PFSIX	Pimco Emerging Markets	Pair Corr
1.0	PFUUX	Pimco Foreign Bond	Pair Corr
1.0	PFUAX	Foreign Bond	Pair Corr
1.0	PFUIX	Foreign Bond	Pair Corr
1.0	PFUNX	Pimco International Bond	Pair Corr
0.68	PGAPX	Pimco Global Multi	Pair Corr
0.74	PXTIX	Fundamental Indexplus	Pair Corr
0.74	PXTNX	Pimco Rae Plus	Pair Corr
0.62	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	ETAHX	BGHDX	PGHAX	LYFAX	SHSSX	RAGHX	PRHSX
ETAHX		0.14	0.75	0.84	0.82	0.86	0.57	ETAHX
BGHDX	0.14		-0.14	0.03	-0.12	0.06	-0.17	BGHDX
PGHAX	0.75	-0.14		0.85	0.9	0.67	0.86	PGHAX
LYFAX	0.84	0.03	0.85		0.94	0.87	0.65	LYFAX
SHSSX	0.82	-0.12	0.9	0.94		0.81	0.78	SHSSX
RAGHX	0.86	0.06	0.67	0.87	0.81		0.46	RAGHX
PRHSX	0.57	-0.17	0.86	0.65	0.78	0.46		PRHSX
	ETAHX	BGHDX	PGHAX	LYFAX	SHSSX	RAGHX	PRHSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SHSSX	+ 0.94	LYFAX
SHSSX	+ 0.9	PGHAX
RAGHX	+ 0.87	LYFAX
RAGHX	+ 0.86	ETAHX
PRHSX	+ 0.86	PGHAX
LYFAX	+ 0.85	PGHAX

High negative correlations

PRHSX	- 0.17	BGHDX
PGHAX	- 0.14	BGHDX
SHSSX	- 0.12	BGHDX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ETAHX	1.11	0.01	0.01	0.02	1.50	(1.21)	1.85	(2.49)	7.13
BGHDX	0.45	0.07	0.03	(0.52)	0.85	(1.57)	1.27	(0.85)	8.70
PGHAX	0.61	0.00	0.00	0.02	0.77	(0.64)	1.30	(1.10)	3.63
LYFAX	0.58	0.03	0.04	(0.62)	0.71	(0.59)	1.12	(1.18)	2.95
SHSSX	0.65	0.00	(0.01)	0.17	1.13	(0.63)	1.21	(1.24)	6.17
RAGHX	0.64	0.04	0.04	0.10	0.76	(0.64)	1.23	(1.25)	3.32
PRHSX	0.87	(0.17)	0.00	(0.23)	0.00	0.00	1.34	(1.50)	12.48

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