Pimco Long Correlations

Mutual Funds . USA . 
Fund . Pimco Long Duration
PLRPX Fund  USD 7.23  0.04  0.55%   
The current 90-days correlation between Pimco Long Duration and Angel Oak Ultrashort is 0.35 (i.e., Weak diversification). The correlation of Pimco Long 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 Long Correlation With Market

Average diversification

The correlation between Pimco Long Duration 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 Long Duration 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 Long Duration. 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

  0.92PWLEX Pimco Rae WorldwidePairCorr
  0.92PWLBX Pimco Rae WorldwidePairCorr
  0.92PWLMX Pimco Rae WorldwidePairCorr
  0.92PWLIX Pimco Rae WorldwidePairCorr
  0.77PFCJX Pimco Preferred AndPairCorr
  0.78PFATX Pimco FundamentalPairCorr
  0.77PFANX Pimco Capital SecPairCorr
  1.0PFGAX Long Term GovernmentPairCorr
  1.0PFGCX Long Term GovernmentPairCorr
  0.89PFIAX Pimco Floating IncomePairCorr
  0.89PFIIX Pimco Floating IncomePairCorr
  0.92PFIUX Pimco Unconstrained BondPairCorr
  0.77PFINX Pimco Capital SecPairCorr
  0.88PFMIX Municipal BondPairCorr
  0.9PFNCX Pimco Floating IncomePairCorr
  0.77PFNNX Pimco Preferred AndPairCorr
  0.88PFNIX Pimco Low DurationPairCorr
  0.92PFNUX Pimco Dynamic BondPairCorr
  0.92PFRCX Foreign BondPairCorr
  0.87PFRMX Pimco Inflation ResponsePairCorr
  0.76PFPNX Pimco Capital SecPairCorr
  0.74PFTCX Short Term FundPairCorr
  0.88PFTPX Pimco Floating IncomePairCorr
  0.92PFSIX Pimco Emerging MarketsPairCorr
  0.92PFUUX Pimco Foreign BondPairCorr
  0.92PFUAX Foreign BondPairCorr
  0.92PFUIX Foreign BondPairCorr
  0.92PFUNX Pimco International BondPairCorr
  0.92PFUPX Pimco Foreign BondPairCorr
  0.62PGAPX Pimco Global MultiPairCorr
  0.92PGBIX 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 Long 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 Long'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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