Short Term Correlations

Mutual Funds . USA . 
Fund . Short Term Fund C
PFTCX Fund  USD 9.66  0.01  0.10%   
The current 90-days correlation between Short Term Fund and American Funds Conservative is 0.13 (i.e., Average diversification). The correlation of Short 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.

Short Term Correlation With Market

Significant diversification

The correlation between Short Term Fund C and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Fund C 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 Short Term Fund C. 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 Short Mutual Fund

  0.85PWLEX Pimco Rae WorldwidePairCorr
  0.84PWLBX Pimco Rae WorldwidePairCorr
  0.85PWLMX Pimco Rae WorldwidePairCorr
  0.84PWLIX Pimco Rae WorldwidePairCorr
  0.83PFCJX Pimco Preferred AndPairCorr
  0.7PFATX Pimco FundamentalPairCorr
  0.83PFANX Pimco Capital SecPairCorr
  0.83PFGAX Long Term GovernmentPairCorr
  0.8PFGCX Long Term GovernmentPairCorr
  0.84PFIAX Pimco Floating IncomePairCorr
  0.95PFIIX Pimco Floating IncomePairCorr
  0.85PFIUX Pimco Unconstrained BondPairCorr
  0.84PFINX Pimco Capital SecPairCorr
  0.9PFNCX Pimco Floating IncomePairCorr
  0.82PFNNX Pimco Preferred AndPairCorr
  0.86PFNIX Pimco Low DurationPairCorr
  0.83PFNUX Pimco Dynamic BondPairCorr
  0.83PFRCX Foreign BondPairCorr
  0.77PFRMX Pimco Inflation ResponsePairCorr
  0.84PFPNX Pimco Capital SecPairCorr
  0.86PFTPX Pimco Floating IncomePairCorr
  0.86PFSIX Pimco Emerging MarketsPairCorr
  0.8PFUUX Pimco Foreign BondPairCorr
  0.84PFUAX Foreign BondPairCorr
  0.84PFUIX Foreign BondPairCorr
  0.83PFUNX Pimco International BondPairCorr
  0.83PFUPX Pimco Foreign BondPairCorr
  0.86PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short 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 Short 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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