Foreign Bond Correlations

Mutual Funds . USA . 
Fund . Foreign Bond Fund
PFUIX Fund  USD 7.88  0.03  0.38%   
The current 90-days correlation between Foreign Bond and Vanguard Reit Index is -0.04 (i.e., Good diversification). The correlation of Foreign Bond 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.

Foreign Bond Correlation With Market

Good diversification

The correlation between Foreign Bond Fund and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Bond Fund 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 Foreign Bond Fund. 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 gross domestic product.

Moving together with Foreign Mutual Fund

  0.86PFBPX Pimco Foreign BondPairCorr
  0.75PFANX Pimco Capital SecPairCorr
  0.84PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.86PFONX Pimco International BondPairCorr
  0.89PFORX Pimco Foreign BondPairCorr
  0.76PFNNX Pimco Preferred AndPairCorr
  0.83PFNUX Pimco Dynamic BondPairCorr
  0.87PFOAX Pimco Foreign BondPairCorr
  0.89PFOCX Pimco Foreign BondPairCorr
  1.0PFRCX Foreign BondPairCorr
  0.85PFRMX Pimco Inflation ResponsePairCorr
  0.67PFTCX Short Term FundPairCorr
  0.84PFTPX Pimco Floating IncomePairCorr
  0.81PFSIX Pimco Emerging MarketsPairCorr
  1.0PFUUX Pimco Foreign BondPairCorr
  1.0PFUAX Foreign BondPairCorr
  0.99PFUNX Pimco International BondPairCorr
  0.7PGAPX Pimco Global MultiPairCorr
  0.64PXTIX Fundamental IndexplusPairCorr
  0.89PGBIX Global Bond FundPairCorr
  0.7PGAIX Pimco Global MultiPairCorr
  0.88PGCAX Investment Grade PoratePairCorr
  0.69PGMAX Pimco Global MultiPairCorr
  0.71PHDAX High Yield FundPairCorr
  0.72PHDCX High Yield FundPairCorr
  0.71PHIYX High Yield FundPairCorr
  0.71PHYAX High Yield FundPairCorr

Moving against Foreign Mutual Fund

  0.72PWLBX Pimco Rae WorldwidePairCorr
  0.32PWLEX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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