DOW has a standard deviation of returns of 1.31 and is 9.223372036854776E16 times more volatile than PIMCO ABS BB94USD. 0%
of all equities and portfolios are less risky than PIMCO ABS. Compared to the overall equity markets, volatility of historical daily returns of PIMCO ABS BB94USD is lower than 0 (%)
of all global equities and portfolios over the last 30 days. Use PIMCO ABS BB94USD to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of PIMCO ABS to be traded at $0.0 in 30 days
. As returns on market increase, returns on owning PIMCO ABS are expected to decrease at a much smaller rate. During bear market, PIMCO ABS is likely to outperform the market.
PIMCO ABS correlation with market
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding PIMCO ABS BB94USD and equity matching DJI index in the same portfolio.