Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Local
PELPX Fund  USD 6.28  0.01  0.16%   
The current 90-days correlation between Pimco Emerging Local and Western Asset Inflation is -0.04 (i.e., Good 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

Modest diversification

The correlation between Pimco Emerging Local and DJI is 0.29 (i.e., Modest 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, which includes a position in Pimco Emerging Local. 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 producer price index.

Moving together with Pimco Mutual Fund

  0.84PFBPX Pimco Foreign BondPairCorr
  0.87PFCJX Pimco Preferred AndPairCorr
  0.8PFATX Pimco FundamentalPairCorr
  0.88PFANX Pimco Capital SecPairCorr
  0.88PFGAX Long Term GovernmentPairCorr
  0.88PFGCX Long Term GovernmentPairCorr
  0.94PFIAX Pimco Floating IncomePairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.72PFIUX Pimco Unconstrained BondPairCorr
  0.88PFINX Pimco Capital SecPairCorr
  0.94PFMIX Municipal BondPairCorr
  0.95PFNCX Pimco Floating IncomePairCorr
  0.84PFONX Pimco International BondPairCorr
  0.84PFORX Pimco Foreign BondPairCorr
  0.88PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.96PFNUX Pimco Dynamic BondPairCorr
  0.85PFOAX Pimco Foreign BondPairCorr
  0.8PFOCX Pimco Foreign BondPairCorr
  0.74PFRCX Foreign BondPairCorr
  0.84PFRAX Pimco Foreign BondPairCorr
  0.92PFRMX Pimco Inflation ResponsePairCorr
  0.88PFPNX Pimco Capital SecPairCorr
  0.91PFTCX Short Term FundPairCorr
  0.95PFTPX Pimco Floating IncomePairCorr
  0.82PFRRX Pimco Foreign BondPairCorr
  0.98PFSIX Pimco Emerging MarketsPairCorr
  0.81PFUUX Pimco Foreign BondPairCorr
  0.78PFUAX Foreign BondPairCorr
  0.8PFUIX Foreign BondPairCorr
  0.8PFUNX Pimco International BondPairCorr
  0.8PFUPX Pimco Foreign BondPairCorr
  0.94PGAPX Pimco Global MultiPairCorr
  0.91PXTIX Fundamental IndexplusPairCorr
  0.93PXTNX Pimco Rae PlusPairCorr
  0.95PGBIX Global Bond FundPairCorr

Related Correlations Analysis


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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