Pimco International Correlations

PTSIX Fund  USD 8.22  0.12  1.48%   
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

Modest diversification

The correlation between Pimco International Fundamenta and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco International Fundamenta 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 Fundamental. 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 gross domestic product.

Moving together with Pimco Mutual Fund

  0.84DOXFX Dodge Cox InternationalPairCorr
  0.85OANIX Oakmark InternationalPairCorr
  0.85OAYIX Oakmark InternationalPairCorr
  0.85OAZIX Oakmark InternationalPairCorr
  0.83FINVX Fidelity Series IntePairCorr
  0.81VTRIX Vanguard InternationalPairCorr
  0.85RRIGX T Rowe PricePairCorr
  0.79ERH Allspring Utilities AndPairCorr
  0.8WHIYX Ivy High IncomePairCorr
  0.8IVHIX Ivy High IncomePairCorr
  0.81IHIFX Ivy High IncomePairCorr
  0.79WRHIX Ivy High IncomePairCorr
  0.81WHIAX Ivy High IncomePairCorr
  0.75FDEGX Fidelity Growth StraPairCorr

Moving against Pimco Mutual Fund

  0.5MCD McDonaldsPairCorr
  0.44TRV The Travelers CompaniesPairCorr

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.