Pimco Global Correlations

Mutual Funds . USA . 
Fund . Pimco Global Advantage
PGSAX Fund  USD 10.19  0.01  0.1%   
The current 90-days correlation between Pimco Global Advantage and Dreyfus Technology Growth is 0.09 (i.e., Significant 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

Good diversification

The correlation between Pimco Global Advantage and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Global Advantage 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 Advantage. 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 nation.

Moving together with Pimco Mutual Fund

  0.87PWLEX Pimco Rae WorldwidePairCorr
  0.88PWLBX Pimco Rae WorldwidePairCorr
  0.88PWLMX Pimco Rae WorldwidePairCorr
  0.84PWLIX Pimco Rae WorldwidePairCorr
  0.83PFBPX Pimco Foreign BondPairCorr
  0.96PFCJX Pimco Preferred AndPairCorr
  0.96PFANX Pimco Capital SecPairCorr
  0.87PFIAX Pimco Floating IncomePairCorr
  0.89PFIIX Pimco Floating IncomePairCorr
  0.9PFIUX Pimco Unconstrained BondPairCorr
  0.96PFINX Pimco Capital SecPairCorr
  0.63PFMIX Municipal BondPairCorr
  0.89PFNCX Pimco Floating IncomePairCorr
  0.83PFONX Pimco International BondPairCorr
  0.71PFORX Pimco Foreign BondPairCorr
  0.96PFNNX Pimco Preferred AndPairCorr
  0.89PFNIX Pimco Low DurationPairCorr
  0.92PFNUX Pimco Dynamic BondPairCorr
  0.82PFOAX Pimco Foreign BondPairCorr
  0.78PFOCX Pimco Foreign BondPairCorr
  0.74PFRCX Foreign BondPairCorr
  0.82PFRAX Pimco Foreign BondPairCorr
  0.87PFRMX Pimco Inflation ResponsePairCorr
  0.96PFPNX Pimco Capital SecPairCorr
  0.92PFTPX Pimco Floating IncomePairCorr
  0.8PFRRX Pimco Foreign BondPairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  0.76PFUUX Pimco Foreign BondPairCorr
  0.81PFUAX Foreign BondPairCorr
  0.77PFUIX Foreign BondPairCorr
  0.77PFUNX Pimco International BondPairCorr
  0.77PFUPX Pimco Foreign BondPairCorr
  0.88PGAPX Pimco Global MultiPairCorr
  0.61PXTIX Fundamental IndexplusPairCorr
  0.61PXTNX Pimco Rae PlusPairCorr
  0.93PGBIX 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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