Pimco Global Correlations

Mutual Funds . USA . 
Fund . Pimco Global Advantage
PGSAX Fund  USD 10.15  0.03  0.29%   
The current 90-days correlation between Pimco Global Advantage and Gmo High Yield is 0.29 (i.e., Modest 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

Average diversification

The correlation between Pimco Global Advantage and DJI is 0.11 (i.e., Average 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

  0.94PWLEX Pimco Rae WorldwidePairCorr
  0.94PWLBX Pimco Rae WorldwidePairCorr
  0.94PWLMX Pimco Rae WorldwidePairCorr
  0.94PWLIX Pimco Rae WorldwidePairCorr
  0.77PFCJX Pimco Preferred AndPairCorr
  0.83PFATX Pimco FundamentalPairCorr
  0.79PFANX Pimco Capital SecPairCorr
  0.93PFGAX Long Term GovernmentPairCorr
  0.92PFGCX Long Term GovernmentPairCorr
  0.96PFIAX Pimco Floating IncomePairCorr
  0.95PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.78PFINX Pimco Capital SecPairCorr
  0.88PFMIX Municipal BondPairCorr
  0.97PFNCX Pimco Floating IncomePairCorr
  0.78PFNNX Pimco Preferred AndPairCorr
  0.95PFNIX Pimco Low DurationPairCorr
  0.83PFNUX Pimco Dynamic BondPairCorr
  0.92PFRCX Foreign BondPairCorr
  0.96PFRMX Pimco Inflation ResponsePairCorr
  0.75PFPNX Pimco Capital SecPairCorr
  0.88PFTCX Short Term FundPairCorr
  0.95PFTPX Pimco Floating IncomePairCorr
  0.85PFSIX Pimco Emerging MarketsPairCorr
  0.94PFUUX Pimco Foreign BondPairCorr
  0.83PFUAX Foreign BondPairCorr
  0.78PFUIX Foreign BondPairCorr
  0.94PFUNX Pimco International BondPairCorr
  0.83PFUPX Pimco Foreign BondPairCorr
  0.78PGAPX Pimco Global MultiPairCorr
  0.98PGBIX 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.

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