Pimco Small Correlations

Mutual Funds . USA . 
Fund . Pimco Small Cap
PCKAX Fund  USD 7.31  0.04  0.55%   
The current 90-days correlation between Pimco Small Cap and Gnma Fund A is -0.04 (i.e., Good diversification). The correlation of Pimco Small 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 Small Correlation With Market

Good diversification

The correlation between Pimco Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Small Cap 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 Small Cap. 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

  0.82PFBPX Pimco Foreign BondPairCorr
  0.98PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.93PFIAX Pimco Floating IncomePairCorr
  0.92PFIIX Pimco Floating IncomePairCorr
  0.89PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.92PFNCX Pimco Floating IncomePairCorr
  0.77PFONX Pimco International BondPairCorr
  0.77PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.89PFNUX Pimco Dynamic BondPairCorr
  0.79PFOAX Pimco Foreign BondPairCorr
  0.78PFOCX Pimco Foreign BondPairCorr
  0.62PFRCX Foreign BondPairCorr
  0.75PFRAX Pimco Foreign BondPairCorr
  0.9PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.94PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.79PFRRX Pimco Foreign BondPairCorr
  0.95PFSIX Pimco Emerging MarketsPairCorr
  0.68PFUUX Pimco Foreign BondPairCorr
  0.65PFUAX Foreign BondPairCorr
  0.68PFUIX Foreign BondPairCorr
  0.68PFUNX Pimco International BondPairCorr
  0.68PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.98PXTIX Fundamental IndexplusPairCorr
  0.99PXTNX Pimco Rae PlusPairCorr
  0.88PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.74PWLBX Pimco Rae WorldwidePairCorr
  0.56PWLEX Pimco Rae WorldwidePairCorr
  0.49PWLMX Pimco Rae WorldwidePairCorr
  0.48PWLIX Pimco Rae WorldwidePairCorr

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 Small 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 Small'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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