Pimco Foreign Correlations

Mutual Funds . USA . 
Fund . Pimco Foreign Bond
PFUUX Fund  USD 7.56  0.02  0.26%   
The current 90-days correlation between Pimco Foreign Bond and Transamerica Mlp Energy is 0.13 (i.e., Average 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

Significant diversification

The correlation between Pimco Foreign Bond and DJI is 0.06 (i.e., Significant 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 employment.

Moving together with Pimco Mutual Fund

  0.95PWLEX Pimco Rae WorldwidePairCorr
  0.94PWLBX Pimco Rae WorldwidePairCorr
  0.94PWLMX Pimco Rae WorldwidePairCorr
  0.94PWLIX Pimco Rae WorldwidePairCorr
  0.65PFCJX Pimco Preferred AndPairCorr
  0.83PFATX Pimco FundamentalPairCorr
  0.65PFANX Pimco Capital SecPairCorr
  0.92PFGAX Long Term GovernmentPairCorr
  0.91PFGCX Long Term GovernmentPairCorr
  0.94PFIAX Pimco Floating IncomePairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.95PFIUX Pimco Unconstrained BondPairCorr
  0.65PFINX Pimco Capital SecPairCorr
  0.75PFMIX Municipal BondPairCorr
  0.94PFNCX Pimco Floating IncomePairCorr
  0.65PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.95PFNUX Pimco Dynamic BondPairCorr
  1.0PFRCX Foreign BondPairCorr
  0.93PFRMX Pimco Inflation ResponsePairCorr
  0.65PFPNX Pimco Capital SecPairCorr
  0.87PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  1.0PFUAX Foreign BondPairCorr
  0.88PFUIX Foreign BondPairCorr
  1.0PFUNX Pimco International BondPairCorr
  1.0PFUPX Pimco Foreign BondPairCorr
  0.62PGAPX Pimco Global MultiPairCorr
  0.94PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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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   
ALEFX
+ 0.99
TMLAX
IEFCX
+ 0.98
ENPSX
FIKAX
+ 0.94
INRSX
ENPSX
+ 0.92
TMLAX
IEFCX
+ 0.92
TMLAX
ALEFX
+ 0.92
ENPSX
  
High negative correlations   
INRSX
- 0.01
TREIX

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.

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