Pimco Floating Correlations

Mutual Funds USA . 
Fund . Pimco Floating Income
PFNCX Fund  USD 8.12  0.00  0.00%   
The current 90-days correlation between Pimco Floating Income and Prudential Real Estate is 0.18 (i.e., Average 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

Very weak diversification

The correlation between Pimco Floating Income and DJI is 0.41 (i.e., Very weak 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 main economic indicators.

Moving together with Pimco Mutual Fund

  0.71PFBPX Pimco Foreign BondPairCorr
  0.85PFCJX Pimco Preferred AndPairCorr
  0.91PFANX Pimco Capital SecPairCorr
  1.0PFIAX Pimco Floating IncomePairCorr
  1.0PFIIX Pimco Floating IncomePairCorr
  0.98PFIUX Pimco Unconstrained BondPairCorr
  0.85PFINX Pimco Capital SecPairCorr
  0.71PFONX Pimco International BondPairCorr
  0.71PFORX Pimco Foreign BondPairCorr
  0.86PFNNX Pimco Preferred AndPairCorr
  1.0PFNIX Pimco Low DurationPairCorr
  0.97PFNUX Pimco Dynamic BondPairCorr
  0.67PFOAX Pimco Foreign BondPairCorr
  0.7PFOCX Pimco Foreign BondPairCorr
  0.74PFRAX Pimco Foreign BondPairCorr
  0.89PFRMX Pimco Inflation ResponsePairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.87PFTCX Short Term FundPairCorr
  1.0PFTPX Pimco Floating IncomePairCorr
  0.72PFRRX Pimco Foreign BondPairCorr
  0.87PFSIX Pimco Emerging MarketsPairCorr
  0.87PGAPX Pimco Global MultiPairCorr
  0.83PXTIX Fundamental IndexplusPairCorr
  0.81PXTNX Pimco Rae PlusPairCorr
  0.97PGBIX Global Bond FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY