Pimco Global Correlations

Mutual Funds . USA . 
Fund . Pimco Global Multi Asset
PGAIX Fund  USD 15.58  0.02  0.13%   
The current 90-days correlation between Pimco Global Multi and Global Resources Fund is 0.31 (i.e., Weak diversification). The correlation of Pimco Global 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 Global Correlation With Market

Modest diversification

The correlation between Pimco Global Multi Asset and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Global Multi Asset 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 Global Multi Asset. 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 Pimco Mutual Fund

  0.98RIRAX Capital Income BuilderPairCorr
  0.98RIREX Capital Income BuilderPairCorr
  0.98RIRCX Capital Income BuilderPairCorr
  0.98RIRFX Capital Income BuilderPairCorr
  0.98CIRCX Capital Income BuilderPairCorr
  0.98CIREX Capital Income BuilderPairCorr
  0.93RIRBX Capital Income BuilderPairCorr
  0.98CAIFX Capital Income BuilderPairCorr
  0.98CIRFX Capital Income BuilderPairCorr
  0.98CIRAX Capital Income BuilderPairCorr
  0.94ASG Liberty All StarPairCorr
  0.73IIF Morgan Stanley IndiaPairCorr
  0.9CII Blackrock EnhancedPairCorr
  0.84IFN India ClosedPairCorr
  0.91ETV Eaton Vance TaxPairCorr
  0.79CLM Cornerstone StrategicPairCorr
  0.84CRF Cornerstone StrategicPairCorr
  0.95USA Liberty All StarPairCorr
  0.97ETY Eaton Vance TaxPairCorr
  0.88NFJ Virtus Dividend InterestPairCorr
  0.85JPM JPMorgan ChasePairCorr
  0.62DD Dupont De NemoursPairCorr
  0.89DIS Walt DisneyPairCorr
  0.78MMM 3M CompanyPairCorr
  0.88CSCO Cisco SystemsPairCorr
  0.75TRV The Travelers CompaniesPairCorr
  0.86BA BoeingPairCorr
  0.94BAC Bank of AmericaPairCorr
  0.87AXP American ExpressPairCorr
  0.83IBM International BusinessPairCorr
  0.8MSFT MicrosoftPairCorr
  0.89GE GE AerospacePairCorr

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 Global 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 Global'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