Pimco Emerging Correlations

PEMIX Fund  USD 9.19  0.01  0.11%   
The current 90-days correlation between Pimco Emerging Markets and Pimco Rae Worldwide is -0.05 (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 Markets and DJI is 0.27 (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

  0.98PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.98PFNCX Pimco Floating IncomePairCorr
  0.91PFORX Pimco Foreign BondPairCorr
  0.97PFNUX Pimco Dynamic BondPairCorr
  0.78PFRCX Foreign BondPairCorr
  0.95PFRMX Pimco Inflation ResponsePairCorr
  0.81PFUUX Pimco Foreign BondPairCorr
  0.81PFUNX Pimco International BondPairCorr
  0.95PXTIX Fundamental IndexplusPairCorr
  0.98PGBIX Global Bond FundPairCorr
  0.91PGCAX Investment Grade PoratePairCorr
  0.98PGNPX Pimco Global BondPairCorr
  0.95PGMCX Pimco Global MultiPairCorr
  0.97PGSAX Pimco Global AdvantagePairCorr
  0.97PHDAX High Yield FundPairCorr
  0.97PHDCX High Yield FundPairCorr
  0.98PHIYX High Yield FundPairCorr
  0.92PDI Pimco Dynamic IncomePairCorr
  0.98PHYAX High Yield FundPairCorr
  0.92PIGIX Investment Grade PoratePairCorr
  0.97PIINX Pimco IncomePairCorr
  0.96PIMIX Pimco IncomePairCorr
  0.96PIPNX Pimco IncomePairCorr
  0.83PISIX Pimco InternationalPairCorr
  0.94PKAAX Pimco Rae FundamentalPairCorr
  0.93PLDTX Low DurationPairCorr
  0.95PLMAX Pimco Emerging MarketsPairCorr
  0.96PLMIX Pimco Emerging MarketsPairCorr
  0.96PLMPX Pimco Emerging MarketsPairCorr
  0.66PLRIX Pimco Long TermPairCorr
  0.85PMJAX Pimco Rae FundamentalPairCorr

Moving against Pimco Mutual Fund

  0.83PWLBX Pimco Rae WorldwidePairCorr
  0.62PWLEX Pimco Rae WorldwidePairCorr
  0.55PWLMX Pimco Rae WorldwidePairCorr
  0.54PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PFANXPFCJX
PWLIXPWLEX
PWLIXPWLMX
PWLMXPWLEX
PFCJXPFBPX
PFANXPFBPX
  
High negative correlations   
PFANXPWLBX
PFCJXPWLBX
PFBPXPWLBX
PFANXPWLEX
PFCJXPWLEX
PFANXPWLMX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.38 (0.02) 0.00  0.56  0.00 
 0.79 
 2.43 
PWLBX  0.44 (0.08) 0.00 (1.17) 0.00 
 0.77 
 4.30 
PWLMX  0.37 (0.01) 0.00  0.31  0.00 
 0.79 
 2.40 
PWLIX  0.40 (0.01) 0.00  0.34  0.00 
 0.79 
 2.54 
PFBPX  0.14  0.02 (0.59)(2.03) 0.00 
 0.41 
 0.81 
PFCJX  0.13  0.07 (0.43)(3.27) 0.00 
 0.33 
 0.89 
PFATX  0.35  0.01 (0.23) 0.01  0.45 
 0.78 
 2.84 
PFANX  0.13  0.07 (0.39)(3.02) 0.00 
 0.33 
 1.11 
PFGAX  0.61 (0.02) 0.00 (1.17) 0.00 
 1.11 
 2.89 
PFGCX  0.63 (0.05) 0.00 (0.04) 0.00 
 1.11 
 2.88