Pimco Trends Correlations

Mutual Funds . USA . 
Fund . Pimco Trends Managed
PQTNX Fund  USD 9.94  0.02  0.20%   
The current 90-days correlation between Pimco Trends Managed and Ab Bond Inflation is -0.08 (i.e., Good diversification). The correlation of Pimco Trends 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 Trends Correlation With Market

Very good diversification

The correlation between Pimco Trends Managed and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Trends Managed 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 Trends Managed. 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 board of governors.

Moving against Pimco Mutual Fund

  0.91PFNCX Pimco Floating IncomePairCorr
  0.9PWLEX Pimco Rae WorldwidePairCorr
  0.9PWLBX Pimco Rae WorldwidePairCorr
  0.9PWLMX Pimco Rae WorldwidePairCorr
  0.86PWLIX Pimco Rae WorldwidePairCorr
  0.86PFGAX Long Term GovernmentPairCorr
  0.86PFGCX Long Term GovernmentPairCorr
  0.85PFIAX Pimco Floating IncomePairCorr
  0.85PFIUX Pimco Unconstrained BondPairCorr
  0.84PFIIX Pimco Floating IncomePairCorr
  0.75PFATX Pimco FundamentalPairCorr
  0.71PFMIX Municipal BondPairCorr
  0.67PFCJX Pimco Preferred AndPairCorr
  0.67PFINX Pimco Capital SecPairCorr
  0.62PFANX Pimco Capital SecPairCorr
  0.36PFBPX Pimco Foreign BondPairCorr
  0.36PFONX Pimco International BondPairCorr
  0.91PFNIX Pimco Low DurationPairCorr
  0.89PFSIX Pimco Emerging MarketsPairCorr
  0.88PFRCX Foreign BondPairCorr
  0.88PFUUX Pimco Foreign BondPairCorr
  0.88PFUAX Foreign BondPairCorr
  0.85PFNUX Pimco Dynamic BondPairCorr
  0.85PFRMX Pimco Inflation ResponsePairCorr
  0.84PFTPX Pimco Floating IncomePairCorr
  0.83PFTCX Short Term FundPairCorr
  0.78PFUIX Foreign BondPairCorr
  0.67PFNNX Pimco Preferred AndPairCorr
  0.62PFPNX Pimco Capital SecPairCorr
  0.36PFORX Pimco Foreign BondPairCorr
  0.32PFOAX Pimco Foreign BondPairCorr
  0.32PFRAX Pimco Foreign BondPairCorr
  0.93PGSAX Pimco Global AdvantagePairCorr
  0.91PGBIX Global Bond FundPairCorr
  0.89PGOVX Long Term GovernmentPairCorr
  0.88PFUNX Pimco International BondPairCorr
  0.86PGCAX Investment Grade PoratePairCorr
  0.86PGNPX Pimco Global BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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