Pimco Global Correlations

Mutual Funds . USA . 
Fund . Pimco Global Multi Asset
PGMCX Fund  USD 14.50  0.04  0.28%   
The current 90-days correlation between Pimco Global Multi and Franklin Federal Limited Term is 0.4 (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

Very weak diversification

The correlation between Pimco Global Multi Asset and DJI is 0.5 (i.e., Very weak 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 main economic indicators.

Moving together with Pimco Mutual Fund

  0.83PWLEX Pimco Rae WorldwidePairCorr
  0.85PWLBX Pimco Rae WorldwidePairCorr
  0.85PWLMX Pimco Rae WorldwidePairCorr
  0.85PWLIX Pimco Rae WorldwidePairCorr
  0.7PFBPX Pimco Foreign BondPairCorr
  0.88PFCJX Pimco Preferred AndPairCorr
  0.63PFATX Pimco FundamentalPairCorr
  0.91PFANX Pimco Capital SecPairCorr
  0.92PFIAX Pimco Floating IncomePairCorr
  0.93PFIIX Pimco Floating IncomePairCorr
  0.92PFIUX Pimco Unconstrained BondPairCorr
  0.91PFINX Pimco Capital SecPairCorr
  0.93PFNCX Pimco Floating IncomePairCorr
  0.7PFONX Pimco International BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.93PFNIX Pimco Low DurationPairCorr
  0.92PFNUX Pimco Dynamic BondPairCorr
  0.69PFOAX Pimco Foreign BondPairCorr
  0.64PFOCX Pimco Foreign BondPairCorr
  0.68PFRCX Foreign BondPairCorr
  0.69PFRAX Pimco Foreign BondPairCorr
  0.94PFRMX Pimco Inflation ResponsePairCorr
  0.91PFPNX Pimco Capital SecPairCorr
  0.63PFTCX Short Term FundPairCorr
  0.93PFTPX Pimco Floating IncomePairCorr
  0.66PFRRX Pimco Foreign BondPairCorr
  0.94PFSIX Pimco Emerging MarketsPairCorr
  0.71PFUUX Pimco Foreign BondPairCorr
  0.71PFUAX Foreign BondPairCorr
  0.72PFUIX Foreign BondPairCorr
  0.72PFUNX Pimco International BondPairCorr
  0.72PFUPX Pimco Foreign BondPairCorr
  1.0PGAPX Pimco Global MultiPairCorr
  0.8PXTIX Fundamental IndexplusPairCorr
  0.8PXTNX Pimco Rae PlusPairCorr
  0.91PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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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.

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