Pimco Real Correlations

Mutual Funds . USA . 
Fund . Pimco Real Return
PRLPX Fund  USD 10.28  0.01  0.1%   
The correlation of Pimco Real 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 Real Correlation With Market

Good diversification

The correlation between Pimco Real Return and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Real 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 Real 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

  0.89PFBPX Pimco Foreign BondPairCorr
  0.83PFCJX Pimco Preferred AndPairCorr
  0.83PFANX Pimco Capital SecPairCorr
  0.89PFIAX Pimco Floating IncomePairCorr
  0.86PFIIX Pimco Floating IncomePairCorr
  0.89PFIUX Pimco Unconstrained BondPairCorr
  0.82PFINX Pimco Capital SecPairCorr
  0.7PFMIX Municipal BondPairCorr
  0.86PFNCX Pimco Floating IncomePairCorr
  0.84PFONX Pimco International BondPairCorr
  0.84PFORX Pimco Foreign BondPairCorr
  0.82PFNNX Pimco Preferred AndPairCorr
  0.9PFNIX Pimco Low DurationPairCorr
  0.89PFNUX Pimco Dynamic BondPairCorr
  0.86PFOAX Pimco Foreign BondPairCorr
  0.88PFOCX Pimco Foreign BondPairCorr
  0.69PFRCX Foreign BondPairCorr
  0.81PFRAX Pimco Foreign BondPairCorr
  0.87PFRMX Pimco Inflation ResponsePairCorr
  0.82PFPNX Pimco Capital SecPairCorr
  0.75PFTCX Short Term FundPairCorr
  0.9PFTPX Pimco Floating IncomePairCorr
  0.87PFRRX Pimco Foreign BondPairCorr
  0.88PFSIX Pimco Emerging MarketsPairCorr
  0.79PFUUX Pimco Foreign BondPairCorr
  0.71PFUAX Foreign BondPairCorr
  0.79PFUIX Foreign BondPairCorr
  0.79PFUNX Pimco International BondPairCorr
  0.79PFUPX Pimco Foreign BondPairCorr
  0.76PGAPX Pimco Global MultiPairCorr
  0.79PXTIX Fundamental IndexplusPairCorr
  0.87PGBIX Global Bond FundPairCorr
  0.76PGAIX Pimco Global MultiPairCorr

Moving against Pimco Mutual Fund

  0.63PWLBX 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 Real 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 Real'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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