Pimco Dynamic Correlations

Mutual Funds . USA . 
Fund . Pimco Dynamic Bond
PFNUX Fund  USD 10.11  0.01  0.1%   
The current 90-days correlation between Pimco Dynamic Bond and Ep Emerging Markets is -0.08 (i.e., Good diversification). The correlation of Pimco Dynamic 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 Dynamic Correlation With Market

Good diversification

The correlation between Pimco Dynamic Bond and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Dynamic Bond 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 Dynamic Bond. 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 employment.

Moving together with Pimco Mutual Fund

  0.93PFBPX Pimco Foreign BondPairCorr
  0.69PFCJX Pimco Preferred AndPairCorr
  0.85PFANX Pimco Capital SecPairCorr
  0.99PFIAX Pimco Floating IncomePairCorr
  0.99PFIIX Pimco Floating IncomePairCorr
  0.79PFIUX Pimco Unconstrained BondPairCorr
  0.69PFINX Pimco Capital SecPairCorr
  0.99PFNCX Pimco Floating IncomePairCorr
  0.93PFONX Pimco International BondPairCorr
  0.93PFORX Pimco Foreign BondPairCorr
  0.7PFNNX Pimco Preferred AndPairCorr
  0.88PFNIX Pimco Low DurationPairCorr
  0.91PFOAX Pimco Foreign BondPairCorr
  0.9PFOCX Pimco Foreign BondPairCorr
  0.83PFRCX Foreign BondPairCorr
  0.71PFRAX Pimco Foreign BondPairCorr
  0.67PFRMX Pimco Inflation ResponsePairCorr
  0.69PFPNX Pimco Capital SecPairCorr
  0.89PFTCX Short Term FundPairCorr
  0.73PFTPX Pimco Floating IncomePairCorr
  0.91PFRRX Pimco Foreign BondPairCorr
  0.71PFSIX Pimco Emerging MarketsPairCorr
  0.85PFUUX Pimco Foreign BondPairCorr
  0.85PFUAX Foreign BondPairCorr
  0.85PFUIX Foreign BondPairCorr
  0.85PFUNX Pimco International BondPairCorr
  0.71PFUPX Pimco Foreign BondPairCorr
  0.89PGAPX Pimco Global MultiPairCorr
  0.9PXTIX Fundamental IndexplusPairCorr
  0.67PXTNX Pimco Rae PlusPairCorr
  0.9PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.76PWLBX Pimco Rae WorldwidePairCorr
  0.51PWLEX Pimco Rae WorldwidePairCorr
  0.47PWLMX Pimco Rae WorldwidePairCorr
  0.44PWLIX 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 Dynamic 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 Dynamic'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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