Pimco Global Correlations

Mutual Funds . USA . 
Fund . Pimco Global Multi Asset
PGAPX Fund  USD 15.07  0.02  0.13%   
The current 90-days correlation between Pimco Global Multi and Siit High Yield is 0.51 (i.e., Very weak diversification). The correlation of Pimco Global 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 Global Correlation With Market

Poor diversification

The correlation between Pimco Global Multi Asset and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Global Multi Asset 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 Global Multi Asset. 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

  0.68PWLEX Pimco Rae WorldwidePairCorr
  0.68PWLBX Pimco Rae WorldwidePairCorr
  0.62PWLMX Pimco Rae WorldwidePairCorr
  0.71PWLIX Pimco Rae WorldwidePairCorr
  0.64PFBPX Pimco Foreign BondPairCorr
  0.77PFCJX Pimco Preferred AndPairCorr
  0.62PFATX Pimco FundamentalPairCorr
  0.85PFANX Pimco Capital SecPairCorr
  0.64PFGCX Long Term GovernmentPairCorr
  0.78PFIAX Pimco Floating IncomePairCorr
  0.76PFIIX Pimco Floating IncomePairCorr
  0.75PFIUX Pimco Unconstrained BondPairCorr
  0.84PFINX Pimco Capital SecPairCorr
  0.74PFMIX Municipal BondPairCorr
  0.78PFNCX Pimco Floating IncomePairCorr
  0.64PFONX Pimco International BondPairCorr
  0.64PFORX Pimco Foreign BondPairCorr
  0.84PFNNX Pimco Preferred AndPairCorr
  0.76PFNIX Pimco Low DurationPairCorr
  0.75PFNUX Pimco Dynamic BondPairCorr
  0.69PFRCX Foreign BondPairCorr
  0.85PFRMX Pimco Inflation ResponsePairCorr
  0.84PFPNX Pimco Capital SecPairCorr
  0.73PFTCX Short Term FundPairCorr
  0.76PFTPX Pimco Floating IncomePairCorr
  0.77PFSIX Pimco Emerging MarketsPairCorr
  0.71PFUUX Pimco Foreign BondPairCorr
  0.71PFUAX Foreign BondPairCorr
  0.72PFUIX Foreign BondPairCorr
  0.71PFUNX Pimco International BondPairCorr
  0.71PFUPX Pimco Foreign BondPairCorr
  0.79PXTIX Fundamental IndexplusPairCorr
  0.79PXTNX Pimco Rae PlusPairCorr
  0.76PGBIX 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 Global 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 Global'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY