Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Bond
PAEMX Fund  USD 8.59  0.03  0.35%   
The current 90-days correlation between Emerging Markets Bond and Lord Abbett Short is 0.09 (i.e., Significant diversification). The correlation of Emerging Markets 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.

Emerging Markets Correlation With Market

Good diversification

The correlation between Emerging Markets Bond and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Bond 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 Emerging Markets Bond. 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 population.

Moving together with Emerging Mutual Fund

  0.99PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.97PFNCX Pimco Floating IncomePairCorr
  0.89PFORX Pimco Foreign BondPairCorr
  0.96PFNUX Pimco Dynamic BondPairCorr
  0.77PFRCX Foreign BondPairCorr
  0.95PFRMX Pimco Inflation ResponsePairCorr
  0.84PFUUX Pimco Foreign BondPairCorr
  0.84PFUNX Pimco International BondPairCorr
  0.95PXTIX Fundamental IndexplusPairCorr
  0.96PGBIX Global Bond FundPairCorr
  0.88PGCAX Investment Grade PoratePairCorr
  0.98PGNPX Pimco Global BondPairCorr
  0.95PGMCX Pimco Global MultiPairCorr
  0.98PGSAX Pimco Global AdvantagePairCorr
  0.98PHDAX High Yield FundPairCorr
  0.97PHDCX High Yield FundPairCorr
  0.97PHIYX High Yield FundPairCorr
  0.91PDI Pimco Dynamic IncomePairCorr
  0.97PHYAX High Yield FundPairCorr
  0.88PIGIX Investment Grade PoratePairCorr
  0.94PIINX Pimco IncomePairCorr
  0.93PIMIX Pimco IncomePairCorr
  0.96PIPNX Pimco IncomePairCorr
  0.86PISIX Pimco InternationalPairCorr
  0.94PKAAX Pimco Rae FundamentalPairCorr
  0.92PLDTX Low DurationPairCorr
  0.96PLMAX Pimco Emerging MarketsPairCorr
  0.96PLMIX Pimco Emerging MarketsPairCorr
  0.96PLMPX Pimco Emerging MarketsPairCorr
  0.87PMJAX Pimco Rae FundamentalPairCorr
  0.61PMLAX Municipal BondPairCorr

Moving against Emerging Mutual Fund

  0.78PWLBX Pimco Rae WorldwidePairCorr
  0.5PWLEX Pimco Rae WorldwidePairCorr
  0.42PWLMX Pimco Rae WorldwidePairCorr
  0.41PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Markets 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 Emerging Markets' 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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