Pimco Emerging Correlations

PFSIX Fund

USD 6.30 0.01 0.16%

The current 90-days correlation between Pimco Emerging Markets and Pimco Rae Worldwide is 0.34 (i.e., Weak 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

Significant diversification

The correlation between Pimco Emerging Markets and DJI is 0.07 (i.e., Significant 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

0.98	PFCJX	Pimco Preferred And	Pair Corr
0.98	PFANX	Pimco Capital Sec	Pair Corr
0.98	PFNCX	Pimco Floating Income	Pair Corr
0.9	PFORX	Pimco Foreign Bond	Pair Corr
0.96	PFNUX	Pimco Dynamic Bond	Pair Corr
0.79	PFRCX	Foreign Bond	Pair Corr
0.96	PFRMX	Pimco Inflation Response	Pair Corr
0.86	PFUUX	Pimco Foreign Bond	Pair Corr
0.86	PFUNX	Pimco International Bond	Pair Corr
0.95	PXTIX	Fundamental Indexplus	Pair Corr
0.96	PGBIX	Global Bond Fund	Pair Corr
0.88	PGCAX	Investment Grade Porate	Pair Corr
0.98	PGNPX	Pimco Global Bond	Pair Corr
0.95	PGMCX	Pimco Global Multi	Pair Corr
0.99	PGSAX	Pimco Global Advantage	Pair Corr
0.98	PHDAX	High Yield Fund	Pair Corr
0.97	PHDCX	High Yield Fund	Pair Corr
0.97	PHIYX	High Yield Fund	Pair Corr
0.91	PDI	Pimco Dynamic Income	Pair Corr
0.97	PHYAX	High Yield Fund	Pair Corr
0.89	PIGIX	Investment Grade Porate	Pair Corr
0.94	PIINX	Pimco Income	Pair Corr
0.94	PIMIX	Pimco Income	Pair Corr
0.96	PIPNX	Pimco Income	Pair Corr
0.85	PISIX	Pimco International	Pair Corr
0.94	PKAAX	Pimco Rae Fundamental	Pair Corr
0.93	PLDTX	Low Duration	Pair Corr
0.97	PLMAX	Pimco Emerging Markets	Pair Corr
0.97	PLMIX	Pimco Emerging Markets	Pair Corr
0.97	PLMPX	Pimco Emerging Markets	Pair Corr
0.86	PMJAX	Pimco Rae Fundamental	Pair Corr

Moving against Pimco Mutual Fund

0.78	PWLBX	Pimco Rae Worldwide	Pair Corr
0.49	PWLEX	Pimco Rae Worldwide	Pair Corr
0.42	PWLMX	Pimco Rae Worldwide	Pair Corr
0.4	PWLIX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX
PWLEX		0.79	0.98	0.99	-0.34	-0.57	0.12	-0.57	0.17	0.05	PWLEX
PWLBX	0.79		0.73	0.72	-0.69	-0.79	-0.34	-0.79	-0.17	-0.16	PWLBX
PWLMX	0.98	0.73		0.99	-0.27	-0.5	0.18	-0.5	0.19	0.05	PWLMX
PWLIX	0.99	0.72	0.99		-0.24	-0.48	0.17	-0.48	0.2	0.05	PWLIX
PFBPX	-0.34	-0.69	-0.27	-0.24		0.88	0.48	0.88	0.46	0.34	PFBPX
PFCJX	-0.57	-0.79	-0.5	-0.48	0.88		0.35	1.0	0.13	0.03	PFCJX
PFATX	0.12	-0.34	0.18	0.17	0.48	0.35		0.35	0.44	0.37	PFATX
PFANX	-0.57	-0.79	-0.5	-0.48	0.88	1.0	0.35		0.13	0.03	PFANX
PFGAX	0.17	-0.17	0.19	0.2	0.46	0.13	0.44	0.13		0.83	PFGAX
PFGCX	0.05	-0.16	0.05	0.05	0.34	0.03	0.37	0.03	0.83		PFGCX
	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX

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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

PFANX	+ 1.0	PFCJX
PWLIX	+ 0.99	PWLEX
PWLIX	+ 0.99	PWLMX
PWLMX	+ 0.98	PWLEX
PFCJX	+ 0.88	PFBPX
PFANX	+ 0.88	PFBPX

High negative correlations

PFANX	- 0.79	PWLBX
PFCJX	- 0.79	PWLBX
PFBPX	- 0.69	PWLBX
PFANX	- 0.57	PWLEX
PFCJX	- 0.57	PWLEX
PFANX	- 0.5	PWLMX

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
PWLEX	0.40	0.00	(0.25)	0.12	0.47	(0.44)	0.94	(0.79)	2.43
PWLBX	0.45	(0.06)	0.00	(1.09)	0.00	0.00	0.94	(0.90)	4.42
PWLMX	0.39	0.00	(0.27)	0.07	0.43	(0.48)	1.07	(0.67)	2.40
PWLIX	0.42	0.01	(0.25)	0.04	0.47	(0.50)	0.93	(0.79)	2.54
PFBPX	0.15	0.03	(0.51)	(1.97)	0.00	(0.21)	0.41	(0.30)	0.82
PFCJX	0.14	0.07	(0.38)	(3.08)	0.00	(0.21)	0.34	(0.11)	0.89
PFATX	0.35	(0.01)	(0.22)	(0.02)	0.45	(0.44)	0.78	(0.89)	2.84
PFANX	0.13	0.07	(0.36)	(2.92)	0.00	(0.21)	0.33	(0.11)	1.11
PFGAX	0.62	(0.01)	(0.16)	(0.94)	0.78	(0.62)	1.11	(1.31)	2.89
PFGCX	0.62	(0.05)	0.00	(0.07)	0.00	0.00	1.11	(1.31)	2.88

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