Pimco Low Correlations

Mutual Funds . USA . 
Fund . Pimco Low Duration
PFNIX Fund  USD 8.08  0.01  0.12%   
The current 90-days correlation between Pimco Low Duration and Global Gold Fund is -0.1 (i.e., Good diversification). The correlation of Pimco Low 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 Low Correlation With Market

Modest diversification

The correlation between Pimco Low Duration and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Low Duration 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 Low Duration. 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

  0.82PFBPX Pimco Foreign BondPairCorr
  0.69PFCJX Pimco Preferred AndPairCorr
  0.68PFANX Pimco Capital SecPairCorr
  0.93PFIAX Pimco Floating IncomePairCorr
  0.91PFIIX Pimco Floating IncomePairCorr
  0.74PFIUX Pimco Unconstrained BondPairCorr
  0.67PFINX Pimco Capital SecPairCorr
  0.65PFMIX Municipal BondPairCorr
  0.99PFNCX Pimco Floating IncomePairCorr
  0.82PFONX Pimco International BondPairCorr
  0.82PFORX Pimco Foreign BondPairCorr
  0.67PFNNX Pimco Preferred AndPairCorr
  0.76PFNUX Pimco Dynamic BondPairCorr
  0.8PFOAX Pimco Foreign BondPairCorr
  0.79PFOCX Pimco Foreign BondPairCorr
  0.82PFRAX Pimco Foreign BondPairCorr
  0.67PFPNX Pimco Capital SecPairCorr
  1.0PFTPX Pimco Floating IncomePairCorr
  0.81PFRRX Pimco Foreign BondPairCorr
  0.69PGBIX 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 Low 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 Low'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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