Total Return Correlations

Mutual Funds . USA . 
Fund . Total Return Fund
PTTRX Fund  USD 8.73  0.03  0.34%   
The correlation of Total 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.

Total Return Correlation With Market

Average diversification

The correlation between Total Return Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total 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 Total 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 Total Mutual Fund

  0.66PWLEX Pimco Rae WorldwidePairCorr
  0.68PWLMX Pimco Rae WorldwidePairCorr
  0.75PWLIX Pimco Rae WorldwidePairCorr
  0.92PFBPX Pimco Foreign BondPairCorr
  0.91PFCJX Pimco Preferred AndPairCorr
  0.92PFANX Pimco Capital SecPairCorr
  0.81PFGAX Long Term GovernmentPairCorr
  0.81PFGCX Long Term GovernmentPairCorr
  0.94PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.95PFIUX Pimco Unconstrained BondPairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.77PFMIX Municipal BondPairCorr
  0.94PFNCX Pimco Floating IncomePairCorr
  0.85PFONX Pimco International BondPairCorr
  0.84PFORX Pimco Foreign BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.98PFNUX Pimco Dynamic BondPairCorr
  0.81PFOAX Pimco Foreign BondPairCorr
  0.82PFOCX Pimco Foreign BondPairCorr
  0.88PFRMX Pimco Inflation ResponsePairCorr
  0.91PFPNX Pimco Capital SecPairCorr
  0.87PFTCX Short Term FundPairCorr
  0.63PFTPX Pimco Floating IncomePairCorr
  0.9PFRRX Pimco Foreign BondPairCorr
  0.94PFSIX Pimco Emerging MarketsPairCorr
  0.89PGAPX Pimco Global MultiPairCorr
  0.76PXTIX Fundamental IndexplusPairCorr
  0.75PXTNX Pimco Rae PlusPairCorr
  0.93PGBIX Global Bond FundPairCorr
  0.89PGAIX Pimco Global MultiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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