Pimco Short Correlations

Mutual Funds . USA . 
Fund . Pimco Short Asset
PAIQX Fund  USD 9.96  0.00  0.00%   
The current 90-days correlation between Pimco Short Asset and Vanguard Reit Index is 0.1 (i.e., Average diversification). The correlation of Pimco Short 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 Short Correlation With Market

Average diversification

The correlation between Pimco Short Asset and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Short Asset 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 Short Asset. 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 producer price index.

Moving together with Pimco Mutual Fund

  0.74PFBPX Pimco Foreign BondPairCorr
  0.84PFCJX Pimco Preferred AndPairCorr
  0.95PFANX Pimco Capital SecPairCorr
  0.95PFIAX Pimco Floating IncomePairCorr
  0.95PFIIX Pimco Floating IncomePairCorr
  0.91PFIUX Pimco Unconstrained BondPairCorr
  0.85PFINX Pimco Capital SecPairCorr
  0.61PFMIX Municipal BondPairCorr
  0.75PFNCX Pimco Floating IncomePairCorr
  0.74PFONX Pimco International BondPairCorr
  0.81PFORX Pimco Foreign BondPairCorr
  0.95PFNNX Pimco Preferred AndPairCorr
  0.8PFNUX Pimco Dynamic BondPairCorr
  0.82PFOAX Pimco Foreign BondPairCorr
  0.76PFOCX Pimco Foreign BondPairCorr
  0.72PFRCX Foreign BondPairCorr
  0.9PFRMX Pimco Inflation ResponsePairCorr
  0.63PFPNX Pimco Capital SecPairCorr
  0.96PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.85PFSIX Pimco Emerging MarketsPairCorr
  0.73PFUUX Pimco Foreign BondPairCorr
  0.74PFUAX Foreign BondPairCorr
  0.73PFUIX Foreign BondPairCorr
  0.75PFUNX Pimco International BondPairCorr
  0.96PGAPX Pimco Global MultiPairCorr
  0.87PXTIX Fundamental IndexplusPairCorr
  0.9PGBIX Global Bond FundPairCorr
  0.96PGAIX Pimco Global MultiPairCorr

Moving against Pimco Mutual Fund

  0.72PWLBX Pimco Rae WorldwidePairCorr
  0.6PWLEX Pimco Rae WorldwidePairCorr
  0.5PWLMX Pimco Rae WorldwidePairCorr
  0.49PWLIX 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 Short 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 Short'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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