Real Return Correlations

Mutual Funds . USA . 
Fund . Real Return Fund
PARRX Fund  USD 10.46  0.03  0.29%   
The current 90-days correlation between Real Return Fund and Qs Large Cap is 0.01 (i.e., Significant diversification). The correlation of Real 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.

Real Return Correlation With Market

Significant diversification

The correlation between Real Return Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real 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 Real 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 real.

Moving together with Real Mutual Fund

  0.68PFBPX Pimco Foreign BondPairCorr
  0.63PFCJX Pimco Preferred AndPairCorr
  0.63PFANX Pimco Capital SecPairCorr
  0.84PFGAX Long Term GovernmentPairCorr
  0.84PFGCX Long Term GovernmentPairCorr
  0.63PFIAX Pimco Floating IncomePairCorr
  0.61PFIIX Pimco Floating IncomePairCorr
  0.67PFIUX Pimco Unconstrained BondPairCorr
  0.67PFINX Pimco Capital SecPairCorr
  0.67PFMIX Municipal BondPairCorr
  0.63PFNCX Pimco Floating IncomePairCorr
  0.69PFONX Pimco International BondPairCorr
  0.68PFORX Pimco Foreign BondPairCorr
  0.67PFNNX Pimco Preferred AndPairCorr
  0.61PFNIX Pimco Low DurationPairCorr
  0.68PFOAX Pimco Foreign BondPairCorr
  0.7PFOCX Pimco Foreign BondPairCorr
  0.69PFRAX Pimco Foreign BondPairCorr
  0.73PFRMX Pimco Inflation ResponsePairCorr
  0.63PFPNX Pimco Capital SecPairCorr
  0.63PGAPX Pimco Global MultiPairCorr
  0.68PGBIX Global Bond FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real 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 Real 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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