Total Return Correlations

Mutual Funds . USA . 
Fund . Total Return Fund
PTRAX Fund  USD 8.59  0.01  0.12%   
The current 90-days correlation between Total Return and Fpa Queens Road is 0.01 (i.e., Significant diversification). The correlation of Total Return 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.

Total Return Correlation With Market

Significant diversification

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

Moving together with Total Mutual Fund

  0.81PFBPX Pimco Foreign BondPairCorr
  0.64PFANX Pimco Capital SecPairCorr
  0.63PFGCX Long Term GovernmentPairCorr
  0.73PFIAX Pimco Floating IncomePairCorr
  0.85PFIIX Pimco Floating IncomePairCorr
  0.61PFIUX Pimco Unconstrained BondPairCorr
  0.61PFMIX Municipal BondPairCorr
  0.85PFNCX Pimco Floating IncomePairCorr
  0.82PFONX Pimco International BondPairCorr
  0.92PFORX Pimco Foreign BondPairCorr
  0.72PFNIX Pimco Low DurationPairCorr
  0.9PFNUX Pimco Dynamic BondPairCorr
  0.82PFOAX Pimco Foreign BondPairCorr
  0.83PFOCX Pimco Foreign BondPairCorr
  0.84PFRCX Foreign BondPairCorr
  0.65PFRAX Pimco Foreign BondPairCorr
  0.61PFTPX Pimco Floating IncomePairCorr
  0.82PFRRX Pimco Foreign BondPairCorr
  0.81PFUUX Pimco Foreign BondPairCorr
  0.85PFUAX Foreign BondPairCorr
  0.81PFUIX Foreign BondPairCorr
  0.81PFUNX Pimco International BondPairCorr
  0.71PFUPX Pimco Foreign BondPairCorr
  0.66PGAPX Pimco Global MultiPairCorr
  0.67PXTIX Fundamental IndexplusPairCorr
  0.78PGBIX Global Bond FundPairCorr

Moving against Total Mutual Fund

  0.7PWLBX Pimco Rae WorldwidePairCorr
  0.47PWLEX Pimco Rae WorldwidePairCorr
  0.43PWLMX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Return 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 Total Return'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