Fundamental Indexplus Correlations

Mutual Funds . USA . 
Fund . Fundamental Indexplus Tr
PXTIX Fund  USD 20.36  0.03  0.15%   
The current 90-days correlation between Fundamental Indexplus and Pimco Em Fundamental is 0.43 (i.e., Very weak diversification). The correlation of Fundamental Indexplus 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.

Fundamental Indexplus Correlation With Market

Very poor diversification

The correlation between Fundamental Indexplus Tr and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Indexplus Tr 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 Fundamental Indexplus Tr. 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 Fundamental Mutual Fund

  0.75PFBPX Pimco Foreign BondPairCorr
  0.97PFCJX Pimco Preferred AndPairCorr
  0.97PFANX Pimco Capital SecPairCorr
  0.92PFIAX Pimco Floating IncomePairCorr
  0.93PFIIX Pimco Floating IncomePairCorr
  0.9PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.92PFNCX Pimco Floating IncomePairCorr
  0.75PFONX Pimco International BondPairCorr
  0.75PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.93PFNIX Pimco Low DurationPairCorr
  0.9PFNUX Pimco Dynamic BondPairCorr
  0.73PFOAX Pimco Foreign BondPairCorr
  0.71PFOCX Pimco Foreign BondPairCorr
  0.71PFRCX Foreign BondPairCorr
  0.73PFRAX Pimco Foreign BondPairCorr
  0.67PFRMX Pimco Inflation ResponsePairCorr
  0.66PFPNX Pimco Capital SecPairCorr
  0.91PFTCX Short Term FundPairCorr
  0.64PFTPX Pimco Floating IncomePairCorr
  0.94PFSIX Pimco Emerging MarketsPairCorr
  0.73PFUUX Pimco Foreign BondPairCorr
  0.74PFUAX Foreign BondPairCorr
  0.73PFUIX Foreign BondPairCorr
  0.74PFUNX Pimco International BondPairCorr
  0.71PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  1.0PXTNX Pimco Rae PlusPairCorr
  0.9PGBIX Global Bond FundPairCorr

Moving against Fundamental Mutual Fund

  0.79PWLBX Pimco Rae WorldwidePairCorr
  0.38PWLIX Pimco Rae WorldwidePairCorr
  0.32PWLEX Pimco Rae WorldwidePairCorr
  0.42PYMCX Pimco High YieldPairCorr
  0.4PYMNX Pimco High YieldPairCorr
  0.37PYMAX Pimco High YieldPairCorr
  0.35PYMPX Pimco High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Indexplus 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 Fundamental Indexplus' 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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