Pimco International Correlations

Mutual Funds . USA . 
Fund . Pimco International Bond
PFUNX Fund  USD 7.83  0.02  0.25%   
The current 90-days correlation between Pimco International Bond and Tiaa Cref Real Estate is 0.12 (i.e., Average diversification). The correlation of Pimco International 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 International Correlation With Market

Significant diversification

The correlation between Pimco International Bond 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 International 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 International 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 board of governors.

Moving together with Pimco Mutual Fund

  0.9PFBPX Pimco Foreign BondPairCorr
  0.77PFCJX Pimco Preferred AndPairCorr
  0.61PFATX Pimco FundamentalPairCorr
  0.77PFANX Pimco Capital SecPairCorr
  0.86PFIAX Pimco Floating IncomePairCorr
  0.86PFIIX Pimco Floating IncomePairCorr
  0.88PFIUX Pimco Unconstrained BondPairCorr
  0.79PFINX Pimco Capital SecPairCorr
  0.86PFNCX Pimco Floating IncomePairCorr
  0.91PFONX Pimco International BondPairCorr
  0.91PFORX Pimco Foreign BondPairCorr
  0.79PFNNX Pimco Preferred AndPairCorr
  0.85PFNIX Pimco Low DurationPairCorr
  0.88PFNUX Pimco Dynamic BondPairCorr
  0.91PFOAX Pimco Foreign BondPairCorr
  0.9PFOCX Pimco Foreign BondPairCorr
  0.93PFRCX Foreign BondPairCorr
  0.92PFRAX Pimco Foreign BondPairCorr
  0.84PFRMX Pimco Inflation ResponsePairCorr
  0.79PFPNX Pimco Capital SecPairCorr
  0.74PFTCX Short Term FundPairCorr
  0.85PFTPX Pimco Floating IncomePairCorr
  0.91PFRRX Pimco Foreign BondPairCorr
  0.86PFSIX Pimco Emerging MarketsPairCorr
  1.0PFUUX Pimco Foreign BondPairCorr
  0.94PFUAX Foreign BondPairCorr
  1.0PFUIX Foreign BondPairCorr
  1.0PFUPX Pimco Foreign BondPairCorr
  0.72PGAPX Pimco Global MultiPairCorr
  0.72PXTIX Fundamental IndexplusPairCorr
  0.7PXTNX Pimco Rae PlusPairCorr
  0.89PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.69PWLBX 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 International 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 International'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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