Pimco Long-term Correlations

Mutual Funds . USA . 
Fund . Pimco Long Term Credit
PTCIX Fund  USD 8.86  0.05  0.56%   
The current 90-days correlation between Pimco Long Term and Ms Global Fixed is 0.76 (i.e., Poor diversification). The correlation of Pimco Long-term 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-term Correlation With Market

Average diversification

The correlation between Pimco Long Term Credit and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Long Term Credit 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 Term Credit. 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 gross domestic product.

Moving together with Pimco Mutual Fund

  0.89PWLEX Pimco Rae WorldwidePairCorr
  0.89PWLBX Pimco Rae WorldwidePairCorr
  0.89PWLMX Pimco Rae WorldwidePairCorr
  0.89PWLIX Pimco Rae WorldwidePairCorr
  0.81PFCJX Pimco Preferred AndPairCorr
  0.73PFATX Pimco FundamentalPairCorr
  0.8PFANX Pimco Capital SecPairCorr
  0.99PFGAX Long Term GovernmentPairCorr
  0.99PFGCX Long Term GovernmentPairCorr
  0.85PFIAX Pimco Floating IncomePairCorr
  0.84PFIIX Pimco Floating IncomePairCorr
  0.88PFIUX Pimco Unconstrained BondPairCorr
  0.8PFINX Pimco Capital SecPairCorr
  0.9PFMIX Municipal BondPairCorr
  0.86PFNCX Pimco Floating IncomePairCorr
  0.8PFNNX Pimco Preferred AndPairCorr
  0.84PFNIX Pimco Low DurationPairCorr
  0.88PFNUX Pimco Dynamic BondPairCorr
  0.89PFRCX Foreign BondPairCorr
  0.84PFRMX Pimco Inflation ResponsePairCorr
  0.8PFPNX Pimco Capital SecPairCorr
  0.69PFTCX Short Term FundPairCorr
  0.84PFTPX Pimco Floating IncomePairCorr
  0.89PFSIX Pimco Emerging MarketsPairCorr
  0.89PFUUX Pimco Foreign BondPairCorr
  0.89PFUAX Foreign BondPairCorr
  0.9PFUIX Foreign BondPairCorr
  0.89PFUNX Pimco International BondPairCorr
  0.9PFUPX Pimco Foreign BondPairCorr
  0.65PGAPX Pimco Global MultiPairCorr
  0.89PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Long-term 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-term'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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