Pimco Foreign Correlations

Mutual Funds . USA . 
Fund . Pimco Foreign Bond
PFRAX Fund  USD 9.88  0.01  0.10%   
The current 90-days correlation between Pimco Foreign Bond and Franklin Federal Limited Term is -0.15 (i.e., Good diversification). The correlation of Pimco Foreign 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 Foreign Correlation With Market

Good diversification

The correlation between Pimco Foreign Bond and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Foreign 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 Foreign 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 nation.

Moving together with Pimco Mutual Fund

  0.72PFBPX Pimco Foreign BondPairCorr
  0.62PFCJX Pimco Preferred AndPairCorr
  0.62PFANX Pimco Capital SecPairCorr
  0.72PFIAX Pimco Floating IncomePairCorr
  0.78PFIIX Pimco Floating IncomePairCorr
  0.81PFIUX Pimco Unconstrained BondPairCorr
  0.73PFINX Pimco Capital SecPairCorr
  0.78PFNCX Pimco Floating IncomePairCorr
  0.81PFONX Pimco International BondPairCorr
  0.81PFORX Pimco Foreign BondPairCorr
  0.82PFNNX Pimco Preferred AndPairCorr
  0.69PFNIX Pimco Low DurationPairCorr
  0.77PFNUX Pimco Dynamic BondPairCorr
  0.74PFOAX Pimco Foreign BondPairCorr
  0.71PFOCX Pimco Foreign BondPairCorr
  0.83PFRCX Foreign BondPairCorr
  0.63PFRMX Pimco Inflation ResponsePairCorr
  0.66PFPNX Pimco Capital SecPairCorr
  0.64PFTCX Short Term FundPairCorr
  0.79PFTPX Pimco Floating IncomePairCorr
  0.72PFRRX Pimco Foreign BondPairCorr
  0.79PFSIX Pimco Emerging MarketsPairCorr
  0.79PFUUX Pimco Foreign BondPairCorr
  0.84PFUAX Foreign BondPairCorr
  0.79PFUIX Foreign BondPairCorr
  0.79PFUNX Pimco International BondPairCorr
  0.89PFUPX Pimco Foreign BondPairCorr
  0.61PGAPX Pimco Global MultiPairCorr
  0.8PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.72PWLBX Pimco Rae WorldwidePairCorr
  0.53PWLEX Pimco Rae WorldwidePairCorr
  0.49PWLMX Pimco Rae WorldwidePairCorr
  0.47PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY