Pimco Total Correlations

Mutual Funds . USA . 
Fund . Pimco Total Return
PTTPX Fund  USD 8.69  0.01  0.12%   
The current 90-days correlation between Pimco Total Return and Ab High Income is 0.58 (i.e., Very weak diversification). The correlation of Pimco Total 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 Total Correlation With Market

Average diversification

The correlation between Pimco Total Return and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Total Return 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 Total Return. 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

  0.97PWLEX Pimco Rae WorldwidePairCorr
  0.97PWLBX Pimco Rae WorldwidePairCorr
  0.97PWLMX Pimco Rae WorldwidePairCorr
  0.96PWLIX Pimco Rae WorldwidePairCorr
  0.7PFCJX Pimco Preferred AndPairCorr
  0.89PFATX Pimco FundamentalPairCorr
  0.7PFANX Pimco Capital SecPairCorr
  0.98PFGAX Long Term GovernmentPairCorr
  0.98PFGCX Long Term GovernmentPairCorr
  0.97PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.98PFIUX Pimco Unconstrained BondPairCorr
  0.7PFINX Pimco Capital SecPairCorr
  0.84PFMIX Municipal BondPairCorr
  0.96PFNCX Pimco Floating IncomePairCorr
  0.7PFNNX Pimco Preferred AndPairCorr
  0.97PFNIX Pimco Low DurationPairCorr
  0.93PFRCX Foreign BondPairCorr
  0.93PFRMX Pimco Inflation ResponsePairCorr
  0.89PFTCX Short Term FundPairCorr
  0.97PFTPX Pimco Floating IncomePairCorr
  0.94PFUUX Pimco Foreign BondPairCorr
  0.94PFUNX Pimco International BondPairCorr
  0.98PGBIX Global Bond FundPairCorr
  0.99PGCAX Investment Grade PoratePairCorr
  0.98PGNPX Pimco Global BondPairCorr
  0.98PGOVX Long Term GovernmentPairCorr
  0.95PGSAX Pimco Global AdvantagePairCorr
  0.84PYMCX Pimco High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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