Pimco Emerging Correlations

Mutual Funds USA . 
Fund . Pimco Emerging Local
PELAX Fund  USD 5.96  0.09  0.33%   
The current 90-days correlation between Pimco Emerging Local and Fabwx is 0.16 (i.e., Average diversification). The correlation of Pimco Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Pimco Emerging Local and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Emerging Local and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. 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 nation.

Moving together with Pimco Mutual Fund

  0.9PFBPX Pimco Foreign BondPairCorr
  0.96PFCJX Pimco Preferred AndPairCorr
  0.95PFIAX Pimco Floating IncomePairCorr
  0.96PFINX Pimco Capital SecPairCorr
  0.64PFMIX Municipal BondPairCorr
  0.95PFNCX Pimco Floating IncomePairCorr
  0.9PFONX Pimco International BondPairCorr
  0.87PFORX Pimco Foreign BondPairCorr
  0.88PFOAX Pimco Foreign BondPairCorr
  0.85PFOCX Pimco Foreign BondPairCorr
  0.89PFRCX Foreign BondPairCorr
  0.87PFRMX Pimco Inflation ResponsePairCorr
  0.65PFRRX Pimco Foreign BondPairCorr
  0.78PFSIX Pimco Emerging MarketsPairCorr
  0.91PFUNX Pimco International BondPairCorr
  0.91PFUPX Pimco Foreign BondPairCorr
  0.96PGAPX Pimco Global MultiPairCorr
  0.94PXTIX Fundamental IndexplusPairCorr
  0.85PXTNX Pimco Rae PlusPairCorr
  0.86PGCAX Investment Grade PoratePairCorr
  0.96PGMAX Pimco Global MultiPairCorr
  0.92PGNPX Pimco Global BondPairCorr
  0.96PGMCX Pimco Global MultiPairCorr
  0.96PHDAX High Yield FundPairCorr
  0.96PHDCX High Yield FundPairCorr
  0.96PHIYX High Yield FundPairCorr
  0.86PDI Pimco Dynamic IncomePairCorr
  0.97PHNNX Pimco High YieldPairCorr
  0.79PHSIX Pimco High YieldPairCorr

Moving against Pimco Mutual Fund

  0.52PWLBX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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