Pimco Floating Correlations

Mutual Funds . USA . 
Fund . Pimco Floating Income
PFIAX Fund  USD 8.22  0.01  0.12%   
The current 90-days correlation between Pimco Floating Income and Short Term Fund A is 0.48 (i.e., Very weak diversification). The correlation of Pimco Floating 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 Floating Correlation With Market

Modest diversification

The correlation between Pimco Floating Income and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Floating Income 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 Floating Income. 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 Pimco Mutual Fund

  0.7PWLMX Pimco Rae WorldwidePairCorr
  0.7PWLIX Pimco Rae WorldwidePairCorr
  0.98PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.75PFGCX Long Term GovernmentPairCorr
  1.0PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.98PFINX Pimco Capital SecPairCorr
  0.72PFONX Pimco International BondPairCorr
  0.87PFORX Pimco Foreign BondPairCorr
  0.98PFNNX Pimco Preferred AndPairCorr
  0.89PFRAX Pimco Foreign BondPairCorr
  0.89PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  1.0PFTPX Pimco Floating IncomePairCorr
  0.99PFSIX Pimco Emerging MarketsPairCorr
  0.87PGAPX Pimco Global MultiPairCorr
  0.78PXTIX Fundamental IndexplusPairCorr
  0.78PXTNX Pimco Rae PlusPairCorr
  0.99PGBIX Global Bond FundPairCorr
  0.95PGAIX Pimco Global MultiPairCorr
  0.85PGCAX Investment Grade PoratePairCorr
  0.99PGNPX Pimco Global BondPairCorr
  0.95PGMCX Pimco Global MultiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Floating 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 Floating'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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