Pimco International Correlations

Mutual Funds . USA . 
Fund . Pimco International Stocksplus
PIPAX Fund  USD 8.12  0.02  0.25%   
The current 90-days correlation between Pimco International and Pimco Small Cap is -0.12 (i.e., Good diversification). The correlation of Pimco International 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 International Correlation With Market

Average diversification

The correlation between Pimco International Stocksplus and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco International Stocksplus 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 International Stocksplus. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Pimco Mutual Fund

  0.91PFCJX Pimco Preferred AndPairCorr
  0.73PFANX Pimco Capital SecPairCorr
  0.81PFGAX Long Term GovernmentPairCorr
  0.93PFIAX Pimco Floating IncomePairCorr
  0.92PFIIX Pimco Floating IncomePairCorr
  0.91PFIUX Pimco Unconstrained BondPairCorr
  0.93PFINX Pimco Capital SecPairCorr
  0.72PFMIX Municipal BondPairCorr
  0.93PFNCX Pimco Floating IncomePairCorr
  0.92PFNIX Pimco Low DurationPairCorr
  0.91PFNUX Pimco Dynamic BondPairCorr
  0.83PFRCX Foreign BondPairCorr
  0.94PFRMX Pimco Inflation ResponsePairCorr
  0.93PFPNX Pimco Capital SecPairCorr
  0.89PFTCX Short Term FundPairCorr
  0.92PFTPX Pimco Floating IncomePairCorr
  0.92PFSIX Pimco Emerging MarketsPairCorr
  0.85PFUAX Foreign BondPairCorr
  0.85PFUIX Foreign BondPairCorr
  0.84PFUNX Pimco International BondPairCorr
  0.84PFUPX Pimco Foreign BondPairCorr
  0.87PGAPX Pimco Global MultiPairCorr
  0.91PGBIX Global Bond FundPairCorr
  0.87PGAIX Pimco Global MultiPairCorr
  0.87PGCAX Investment Grade PoratePairCorr

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   
PONAX
+ 0.98
PBDAX
PTOAX
+ 0.91
PCKAX
PTOAX
+ 0.79
PIXAX
PIXAX
+ 0.55
PCKAX
PONAX
+ 0.19
PIXAX
PBDAX
+ 0.18
PIXAX
  
High negative correlations   
PONAX
- 0.66
PCKAX
PBDAX
- 0.64
PCKAX
PONAX
- 0.37
PTOAX
PBDAX
- 0.35
PTOAX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco International 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 International'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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