Foreign Bond Correlations

Mutual Funds . USA . 
Fund . Foreign Bond Fund
PFRCX Fund  USD 7.83  0.03  0.38%   
The current 90-days correlation between Foreign Bond and Bbh Limited Duration is 0.4 (i.e., Very weak diversification). The correlation of Foreign Bond 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.

Foreign Bond Correlation With Market

Good diversification

The correlation between Foreign Bond Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Bond Fund 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 Foreign Bond Fund. 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 main economic indicators.

Moving together with Foreign Mutual Fund

  0.9PWLEX Pimco Rae WorldwidePairCorr
  0.9PWLBX Pimco Rae WorldwidePairCorr
  0.9PWLMX Pimco Rae WorldwidePairCorr
  0.9PWLIX Pimco Rae WorldwidePairCorr
  0.95PFBPX Pimco Foreign BondPairCorr
  0.94PFCJX Pimco Preferred AndPairCorr
  0.94PFANX Pimco Capital SecPairCorr
  0.96PFGAX Long Term GovernmentPairCorr
  0.96PFGCX Long Term GovernmentPairCorr
  0.97PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.95PFIUX Pimco Unconstrained BondPairCorr
  0.95PFINX Pimco Capital SecPairCorr
  0.95PFMIX Municipal BondPairCorr
  0.98PFNCX Pimco Floating IncomePairCorr
  0.95PFONX Pimco International BondPairCorr
  0.96PFORX Pimco Foreign BondPairCorr
  0.95PFNNX Pimco Preferred AndPairCorr
  0.97PFNIX Pimco Low DurationPairCorr
  0.95PFNUX Pimco Dynamic BondPairCorr
  0.96PFOAX Pimco Foreign BondPairCorr
  0.95PFOCX Pimco Foreign BondPairCorr
  0.95PFRAX Pimco Foreign BondPairCorr
  0.89PFRMX Pimco Inflation ResponsePairCorr
  0.94PFPNX Pimco Capital SecPairCorr
  0.89PFTCX Short Term FundPairCorr
  0.97PFTPX Pimco Floating IncomePairCorr
  0.96PFRRX Pimco Foreign BondPairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  1.0PFUUX Pimco Foreign BondPairCorr
  1.0PFUAX Foreign BondPairCorr
  1.0PFUIX Foreign BondPairCorr
  1.0PFUNX Pimco International BondPairCorr
  1.0PFUPX Pimco Foreign BondPairCorr
  0.94PGBIX Global Bond FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
ABVCX
+ 0.87
WRLDX
WRLDX
+ 0.77
BBBMX
FFCGX
+ 0.66
WRLDX
ABVCX
+ 0.62
FFCGX
LTFXX
+ 0.6
BBBMX
ABVCX
+ 0.54
BBBMX
  
High negative correlations   
MFTFX
- 0.52
BBBMX
WRLDX
- 0.19
MFTFX
MFTFX
- 0.15
LTFXX
ABVCX
- 0.07
MFTFX

Risk-Adjusted Indicators

There is a big difference between Foreign Mutual Fund performing well and Foreign Bond 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 Foreign Bond'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY