Short-term Fund Correlations

Mutual Funds . USA . 
Fund . Short Term Fund C
PFTCX Fund  USD 9.67  0.01  0.10%   
The current 90-days correlation between Short Term Fund and Pace International Emerging is 0.1 (i.e., Average diversification). The correlation of Short-term Fund 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.

Short-term Fund Correlation With Market

Good diversification

The correlation between Short Term Fund C and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Fund C 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 Short Term Fund C. 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 main economic indicators.

Moving together with Short-term Mutual Fund

  0.86PFBPX Pimco Foreign BondPairCorr
  0.95PFCJX Pimco Preferred AndPairCorr
  0.95PFANX Pimco Capital SecPairCorr
  0.95PFIAX Pimco Floating IncomePairCorr
  0.92PFIIX Pimco Floating IncomePairCorr
  0.89PFIUX Pimco Unconstrained BondPairCorr
  0.95PFINX Pimco Capital SecPairCorr
  0.93PFNCX Pimco Floating IncomePairCorr
  0.83PFONX Pimco International BondPairCorr
  0.82PFORX Pimco Foreign BondPairCorr
  0.95PFNNX Pimco Preferred AndPairCorr
  0.95PFNIX Pimco Low DurationPairCorr
  0.88PFNUX Pimco Dynamic BondPairCorr
  0.84PFOAX Pimco Foreign BondPairCorr
  0.81PFOCX Pimco Foreign BondPairCorr
  0.68PFRCX Foreign BondPairCorr
  0.81PFRAX Pimco Foreign BondPairCorr
  0.9PFRMX Pimco Inflation ResponsePairCorr
  0.95PFPNX Pimco Capital SecPairCorr
  0.95PFTPX Pimco Floating IncomePairCorr
  0.83PFRRX Pimco Foreign BondPairCorr
  0.95PFSIX Pimco Emerging MarketsPairCorr
  0.74PFUUX Pimco Foreign BondPairCorr
  0.71PFUAX Foreign BondPairCorr
  0.74PFUIX Foreign BondPairCorr
  0.74PFUNX Pimco International BondPairCorr
  0.74PFUPX Pimco Foreign BondPairCorr
  0.96PGAPX Pimco Global MultiPairCorr
  0.94PXTIX Fundamental IndexplusPairCorr
  0.88PGBIX Global Bond FundPairCorr
  0.96PGAIX Pimco Global MultiPairCorr

Moving against Short-term Mutual Fund

  0.74PWLBX Pimco Rae WorldwidePairCorr
  0.56PWLEX Pimco Rae WorldwidePairCorr
  0.5PWLMX 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 Short-term Mutual Fund performing well and Short-term Fund 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 Short-term Fund'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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