Fundamental Indexplus Correlations

Mutual Funds . USA . 
Fund . Fundamental Indexplus Tr
PXTIX Fund  USD 20.43  0.80  4.08%   
The current 90-days correlation between Fundamental Indexplus and Slow Capital Growth is 0.91 (i.e., Almost no diversification). The correlation of Fundamental Indexplus 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.

Fundamental Indexplus Correlation With Market

Almost no diversification

The correlation between Fundamental Indexplus Tr and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Indexplus Tr 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 Fundamental Indexplus Tr. 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 Fundamental Mutual Fund

  0.76PFBPX Pimco Foreign BondPairCorr
  0.95PFCJX Pimco Preferred AndPairCorr
  0.91PFIAX Pimco Floating IncomePairCorr
  0.95PFINX Pimco Capital SecPairCorr
  0.91PFNCX Pimco Floating IncomePairCorr
  0.76PFONX Pimco International BondPairCorr
  0.73PFORX Pimco Foreign BondPairCorr
  0.95PFNNX Pimco Preferred AndPairCorr
  0.74PFOAX Pimco Foreign BondPairCorr
  0.7PFOCX Pimco Foreign BondPairCorr
  0.62PFRCX Foreign BondPairCorr
  0.89PFRMX Pimco Inflation ResponsePairCorr
  0.95PFPNX Pimco Capital SecPairCorr
  0.91PFTPX Pimco Floating IncomePairCorr
  0.73PFRRX Pimco Foreign BondPairCorr
  0.91PFSIX Pimco Emerging MarketsPairCorr
  0.64PFUNX Pimco International BondPairCorr
  0.64PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  1.0PXTNX Pimco Rae PlusPairCorr
  0.71PGCAX Investment Grade PoratePairCorr
  0.97PGMAX Pimco Global MultiPairCorr
  0.83PGNPX Pimco Global BondPairCorr
  0.97PGMCX Pimco Global MultiPairCorr
  0.97PHDAX High Yield FundPairCorr
  0.97PHDCX High Yield FundPairCorr
  0.97PHIYX High Yield FundPairCorr
  0.89PDI Pimco Dynamic IncomePairCorr

Moving against Fundamental Mutual Fund

  0.47PWLBX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Indexplus 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 Fundamental Indexplus' 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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