Pimco Fundamental Correlations

Mutual Funds . USA . 
Fund . Pimco Fundamental Advantage
PFATX Fund  USD 7.70  0.01  0.13%   
The current 90-days correlation between Pimco Fundamental and Eagle Small Cap is -0.23 (i.e., Very good diversification). The correlation of Pimco Fundamental 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 Fundamental Correlation With Market

Significant diversification

The correlation between Pimco Fundamental Advantage and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Fundamental Advantage 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 Fundamental Advantage. 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 estimate.

Moving together with Pimco Mutual Fund

  0.61PFUUX Pimco Foreign BondPairCorr
  0.61PFUIX Foreign BondPairCorr
  0.61PFUNX Pimco International BondPairCorr
  0.61PFUPX Pimco Foreign BondPairCorr

Moving against Pimco Mutual Fund

  0.34PWLBX 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 Fundamental 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 Fundamental'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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