Pimco Senior Correlations

Mutual Funds . USA . 
Fund . Pimco Senior Floating
PSRZX Fund  USD 9.05  0.01  0.11%   
The current 90-days correlation between Pimco Senior Floating and Gamco International Growth is -0.05 (i.e., Good diversification). The correlation of Pimco Senior 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 Senior Correlation With Market

Significant diversification

The correlation between Pimco Senior Floating and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Senior Floating 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 Senior Floating. 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

  0.75PFBPX Pimco Foreign BondPairCorr
  0.81PFCJX Pimco Preferred AndPairCorr
  0.82PFANX Pimco Capital SecPairCorr
  0.68PFIAX Pimco Floating IncomePairCorr
  0.66PFIIX Pimco Floating IncomePairCorr
  0.64PFIUX Pimco Unconstrained BondPairCorr
  0.81PFINX Pimco Capital SecPairCorr
  0.81PFMIX Municipal BondPairCorr
  0.68PFNCX Pimco Floating IncomePairCorr
  0.75PFONX Pimco International BondPairCorr
  0.74PFORX Pimco Foreign BondPairCorr
  0.76PFNNX Pimco Preferred AndPairCorr
  0.67PFNIX Pimco Low DurationPairCorr
  0.64PFNUX Pimco Dynamic BondPairCorr
  0.72PFOAX Pimco Foreign BondPairCorr
  0.66PFOCX Pimco Foreign BondPairCorr
  0.72PFRAX Pimco Foreign BondPairCorr
  0.66PFRMX Pimco Inflation ResponsePairCorr
  0.81PFPNX Pimco Capital SecPairCorr
  0.72PFTCX Short Term FundPairCorr
  0.67PFTPX Pimco Floating IncomePairCorr
  0.69PFRRX Pimco Foreign BondPairCorr
  0.63PFSIX Pimco Emerging MarketsPairCorr
  0.83PGAPX Pimco Global MultiPairCorr
  0.65PXTIX Fundamental IndexplusPairCorr
  0.64PXTNX Pimco Rae PlusPairCorr
  0.66PGBIX Global Bond FundPairCorr

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   
LMLRX
+ 0.99
GGRYX
NSBCX
+ 0.85
TEGAX
LMLRX
+ 0.74
NSBCX
NSBCX
+ 0.71
GGRYX
EIPFX
+ 0.69
GGRYX
CDGCX
+ 0.68
GCIGX
  
High negative correlations   
TEGAX
- 0.11
GCIGX

Risk-Adjusted Indicators

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