Pimco Floating Correlations

Mutual Funds . USA . 
Fund . Pimco Floating Income
PFTPX Fund  USD 8.15  0.01  0.12%   
The current 90-days correlation between Pimco Floating Income and Qs Large Cap is -0.04 (i.e., Good diversification). The correlation of Pimco Floating 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 Floating Correlation With Market

Good diversification

The correlation between Pimco Floating Income and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Floating Income 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 Floating Income. 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

  0.94PFBPX Pimco Foreign BondPairCorr
  0.74PFCJX Pimco Preferred AndPairCorr
  0.7PFANX Pimco Capital SecPairCorr
  1.0PFIAX Pimco Floating IncomePairCorr
  0.98PFIIX Pimco Floating IncomePairCorr
  0.97PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.64PFMIX Municipal BondPairCorr
  0.98PFNCX Pimco Floating IncomePairCorr
  0.9PFONX Pimco International BondPairCorr
  0.9PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  1.0PFNIX Pimco Low DurationPairCorr
  0.97PFNUX Pimco Dynamic BondPairCorr
  0.92PFOAX Pimco Foreign BondPairCorr
  0.9PFOCX Pimco Foreign BondPairCorr
  0.77PFRCX Foreign BondPairCorr
  0.88PFRAX Pimco Foreign BondPairCorr
  0.62PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  0.91PFRRX Pimco Foreign BondPairCorr
  0.99PFSIX Pimco Emerging MarketsPairCorr
  0.85PFUUX Pimco Foreign BondPairCorr
  0.8PFUAX Foreign BondPairCorr
  0.85PFUIX Foreign BondPairCorr
  0.85PFUNX Pimco International BondPairCorr
  0.85PFUPX Pimco Foreign BondPairCorr
  0.93PGAPX Pimco Global MultiPairCorr
  0.94PXTIX Fundamental IndexplusPairCorr
  0.95PXTNX Pimco Rae PlusPairCorr
  0.96PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.64PWLBX Pimco Rae WorldwidePairCorr
  0.39PWLEX Pimco Rae WorldwidePairCorr
  0.35PWLMX Pimco Rae WorldwidePairCorr
  0.35PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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