Pimco Global Correlations

Mutual Funds . USA . 
Fund . Pimco Global Advantage
PGSAX Fund  USD 10.26  0.01  0.1%   
The current 90-days correlation between Pimco Global Advantage and Dunham Porategovernment Bond is 0.74 (i.e., Poor diversification). The correlation of Pimco Global 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 Global Correlation With Market

Weak diversification

The correlation between Pimco Global Advantage and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Global Advantage 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 Global Advantage. 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

  0.96PFBPX Pimco Foreign BondPairCorr
  0.95PFCJX Pimco Preferred AndPairCorr
  0.95PFANX Pimco Capital SecPairCorr
  0.99PFIAX Pimco Floating IncomePairCorr
  0.99PFIIX Pimco Floating IncomePairCorr
  0.99PFIUX Pimco Unconstrained BondPairCorr
  0.95PFINX Pimco Capital SecPairCorr
  0.63PFMIX Municipal BondPairCorr
  0.99PFNCX Pimco Floating IncomePairCorr
  0.96PFONX Pimco International BondPairCorr
  0.96PFORX Pimco Foreign BondPairCorr
  0.96PFNNX Pimco Preferred AndPairCorr
  0.99PFNIX Pimco Low DurationPairCorr
  0.99PFNUX Pimco Dynamic BondPairCorr
  0.95PFOAX Pimco Foreign BondPairCorr
  0.94PFOCX Pimco Foreign BondPairCorr
  0.87PFRCX Foreign BondPairCorr
  0.95PFRAX Pimco Foreign BondPairCorr
  0.96PFRMX Pimco Inflation ResponsePairCorr
  0.95PFPNX Pimco Capital SecPairCorr
  0.92PFTCX Short Term FundPairCorr
  0.99PFTPX Pimco Floating IncomePairCorr
  0.95PFRRX Pimco Foreign BondPairCorr
  0.98PFSIX Pimco Emerging MarketsPairCorr
  0.89PFUUX Pimco Foreign BondPairCorr
  0.89PFUAX Foreign BondPairCorr
  0.89PFUIX Foreign BondPairCorr
  0.89PFUNX Pimco International BondPairCorr
  0.89PFUPX Pimco Foreign BondPairCorr
  0.92PGAPX Pimco Global MultiPairCorr
  0.91PXTIX Fundamental IndexplusPairCorr
  0.91PXTNX Pimco Rae PlusPairCorr
  0.99PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.83PWLBX Pimco Rae WorldwidePairCorr
  0.55PWLEX Pimco Rae WorldwidePairCorr
  0.49PWLMX Pimco Rae WorldwidePairCorr
  0.47PWLIX 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 Global 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 Global'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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