Pimco Total Correlations

Mutual Funds USA . 
Fund . Pimco Total Return
PRAPX Fund  USD 7.66  0.01  0.13%   
The current 90-days correlation between Pimco Total Return and Omni Small Cap Value is 0.13 (i.e., Average diversification). The correlation of Pimco Total 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 Total Correlation With Market

Modest diversification

The correlation between Pimco Total Return and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Total Return 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 Total Return. 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 american community survey.

Moving together with Pimco Mutual Fund

  0.92PFBPX Pimco Foreign BondPairCorr
  0.76PFCJX Pimco Preferred AndPairCorr
  0.76PFANX Pimco Capital SecPairCorr
  0.69PFGAX Long Term GovernmentPairCorr
  0.66PFGCX Long Term GovernmentPairCorr
  0.87PFIAX Pimco Floating IncomePairCorr
  0.87PFIIX Pimco Floating IncomePairCorr
  0.9PFIUX Pimco Unconstrained BondPairCorr
  0.76PFINX Pimco Capital SecPairCorr
  0.65PFMIX Municipal BondPairCorr
  0.87PFNCX Pimco Floating IncomePairCorr
  0.92PFONX Pimco International BondPairCorr
  0.92PFORX Pimco Foreign BondPairCorr
  0.77PFNNX Pimco Preferred AndPairCorr
  0.82PFNIX Pimco Low DurationPairCorr
  0.91PFNUX Pimco Dynamic BondPairCorr
  0.91PFOAX Pimco Foreign BondPairCorr
  0.92PFOCX Pimco Foreign BondPairCorr
  0.86PFRCX Foreign BondPairCorr
  0.91PFRAX Pimco Foreign BondPairCorr
  0.82PFRMX Pimco Inflation ResponsePairCorr
  0.76PFPNX Pimco Capital SecPairCorr
  0.68PFTCX Short Term FundPairCorr
  0.86PFTPX Pimco Floating IncomePairCorr
  0.92PFRRX Pimco Foreign BondPairCorr
  0.83PFSIX Pimco Emerging MarketsPairCorr
  0.87PFUUX Pimco Foreign BondPairCorr
  0.86PFUAX Foreign BondPairCorr
  0.87PFUIX Foreign BondPairCorr
  0.87PFUNX Pimco International BondPairCorr
  0.87PFUPX Pimco Foreign BondPairCorr
  0.69PGAPX Pimco Global MultiPairCorr
  0.7PXTIX Fundamental IndexplusPairCorr
  0.91PGBIX Global Bond FundPairCorr
  0.69PGAIX Pimco Global MultiPairCorr

Moving against Pimco Mutual Fund

  0.71PWLBX Pimco Rae WorldwidePairCorr
  0.35PWLEX 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 Total 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 Total'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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