Fundamental Indexplus Correlations

Mutual Funds . USA . 
Fund . Fundamental Indexplus Tr
PXTIX Fund  USD 20.86  0.08  0.38%   
The current 90-days correlation between Fundamental Indexplus and Pimco Em Fundamental is -0.11 (i.e., Good diversification). The correlation of Fundamental Indexplus 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.

Fundamental Indexplus Correlation With Market

Good diversification

The correlation between Fundamental Indexplus Tr and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Indexplus Tr 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 Fundamental Indexplus Tr. 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 inflation.

Moving together with Fundamental Mutual Fund

  0.64PFBPX Pimco Foreign BondPairCorr
  0.65PFCJX Pimco Preferred AndPairCorr
  0.65PFANX Pimco Capital SecPairCorr
  0.62PFIAX Pimco Floating IncomePairCorr
  0.62PFIIX Pimco Floating IncomePairCorr
  0.62PFIUX Pimco Unconstrained BondPairCorr
  0.62PFNCX Pimco Floating IncomePairCorr
  0.66PFORX Pimco Foreign BondPairCorr
  0.64PFNNX Pimco Preferred AndPairCorr
  0.62PFNUX Pimco Dynamic BondPairCorr
  0.68PFOAX Pimco Foreign BondPairCorr
  0.65PFPNX Pimco Capital SecPairCorr
  0.73PFTCX Short Term FundPairCorr
  0.66PFSIX Pimco Emerging MarketsPairCorr
  0.93PGAPX Pimco Global MultiPairCorr
  0.71PXTNX Pimco Rae PlusPairCorr
  0.61PGBIX Global Bond FundPairCorr
  0.66PGAIX Pimco Global MultiPairCorr
  0.66PGMAX Pimco Global MultiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Indexplus 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 Fundamental Indexplus' 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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