Pimco New Correlations

Mutual Funds . USA . 
Fund . Pimco New York
PNYPX Fund  USD 10.88  0.05  0.46%   
The current 90-days correlation between Pimco New York and Pimco High Yield is 0.97 (i.e., Almost no diversification). The correlation of Pimco New 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 New Correlation With Market

Very good diversification

The correlation between Pimco New York and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco New York 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 New York. 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

  0.75PFBPX Pimco Foreign BondPairCorr
  0.81PFIAX Pimco Floating IncomePairCorr
  0.8PFIIX Pimco Floating IncomePairCorr
  0.9PFMIX Municipal BondPairCorr
  0.82PFNCX Pimco Floating IncomePairCorr
  0.75PFONX Pimco International BondPairCorr
  0.72PFORX Pimco Foreign BondPairCorr
  0.81PFNIX Pimco Low DurationPairCorr
  0.74PFOAX Pimco Foreign BondPairCorr
  0.77PFOCX Pimco Foreign BondPairCorr
  0.72PFRAX Pimco Foreign BondPairCorr
  0.81PFTPX Pimco Floating IncomePairCorr
  0.75PFRRX Pimco Foreign BondPairCorr
  0.77PGBIX 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 New 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 New'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY