Pimco Emerging Correlations

PEMIX Fund

USD 9.20 0.01 0.11%

The current 90-days correlation between Pimco Emerging Markets and Ab Global Bond is 0.08 (i.e., Significant 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 Markets and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Emerging Markets 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 Markets. 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 gross domestic product.

Moving together with Pimco Mutual Fund

0.64	FGBMX	Fidelity New Markets	Pair Corr
0.64	FGZMX	Fidelity New Markets	Pair Corr
0.62	FGWMX	Fidelity New Markets	Pair Corr
0.62	FGVMX	Fidelity New Markets	Pair Corr
0.62	FGYMX	Fidelity New Markets	Pair Corr
0.64	MEDIX	Mfs Emerging Markets	Pair Corr
0.63	MEDCX	Mfs Emerging Markets	Pair Corr
0.64	MEDAX	Mfs Emerging Markets	Pair Corr
0.64	MEDBX	Mfs Emerging Markets	Pair Corr
0.63	MEDEX	Mfs Emerging Markets	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.61	IBM	International Business	Pair Corr

Moving against Pimco Mutual Fund

0.65

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	ANAGX	BBINX	PRVBX	MBSAX	JAFLX
ANAGX		0.81	0.78	0.83	0.89	ANAGX
BBINX	0.81		0.79	0.91	0.74	BBINX
PRVBX	0.78	0.79		0.84	0.85	PRVBX
MBSAX	0.83	0.91	0.84		0.87	MBSAX
JAFLX	0.89	0.74	0.85	0.87		JAFLX
	ANAGX	BBINX	PRVBX	MBSAX	JAFLX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANAGX	0.16	0.02	(0.84)	(2.98)	0.07	(0.20)	0.29	(0.29)	0.73
BBINX	0.11	0.02	(1.10)	(1.33)	0.00	(0.15)	0.30	(0.20)	0.70
PRVBX	0.09	0.02	(1.22)	(6.84)	0.00	(0.10)	0.20	(0.17)	0.63
MBSAX	0.25	0.02	(0.35)	0.30	0.07	(0.30)	0.52	(0.50)	1.62
JAFLX	0.25	0.00	(0.56)	0.25	0.23	(0.28)	0.52	(0.51)	1.24

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