Total Return Correlations

Mutual Funds . USA . 
Fund . Total Return Fund
PTTAX Fund  USD 8.90  0.01  0.11%   
The current 90-days correlation between Total Return and Gmo Small Cap is 0.16 (i.e., Average 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

Average diversification

The correlation between Total Return Fund and DJI is 0.11 (i.e., Average 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

  0.94PFGAX Long Term GovernmentPairCorr
  0.93PFORX Pimco Foreign BondPairCorr
  0.93PFOAX Pimco Foreign BondPairCorr
  0.93PFOCX Pimco Foreign BondPairCorr
  0.79PXTIX Fundamental IndexplusPairCorr
  0.97PGCAX Investment Grade PoratePairCorr
  0.87PGOVX Long Term GovernmentPairCorr
  0.97PGSAX Pimco Global AdvantagePairCorr
  0.75PHDCX High Yield FundPairCorr
  0.97PIGIX Investment Grade PoratePairCorr
  0.96PIINX Pimco IncomePairCorr
  0.96PIMIX Pimco IncomePairCorr
  0.97PIPNX Pimco IncomePairCorr
  0.97FXICX Fixed Income SharesPairCorr
  0.67FXIDX Fixed Income SharesPairCorr
  0.93FXIEX Fixed Income SharesPairCorr
  1.0FXIMX Fixed Income SharesPairCorr
  0.86FXIRX Fixed Income SharesPairCorr
  0.87PMZCX Pimco Mortgage OpporPairCorr
  0.92PNYAX New York MunicipalPairCorr
  0.97PONAX Pimco IncomePairCorr
  0.97PONCX Pimco IncomePairCorr
  0.97PONRX Pimco IncomePairCorr
  0.97PONPX Pimco Incme FundPairCorr
  0.8PPQAX Pimco Realpath BlendPairCorr
  0.81PPQZX Pimco Realpath BlendPairCorr
  0.88PQTAX Pimco Trends ManagedPairCorr
  0.9PQTIX Aa Pimco TrPairCorr
  0.9PQTNX Pimco Trends ManagedPairCorr
  0.79PRQAX Pimco Realpath BlendPairCorr
  0.8PRQZX Pimco Realpath BlendPairCorr
  0.85PRRIX Real Return FundPairCorr
  0.93PAAIX All Asset FundPairCorr
  0.93PAALX All Asset FundPairCorr

Moving against Total Mutual Fund

  0.65PDI Pimco Dynamic IncomePairCorr
  0.4PWLBX Pimco Rae WorldwidePairCorr
  0.39PWLMX Pimco Rae WorldwidePairCorr
  0.39PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis


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.

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