Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PLMIX Fund  USD 7.66  0.01  0.13%   
The current 90-days correlation between Pimco Emerging Markets and Janus High Yield Fund is -0.03 (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

Average diversification

The correlation between Pimco Emerging Markets and DJI is 0.17 (i.e., Average 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

  0.7PFCJX Pimco Preferred AndPairCorr
  0.84PFINX Pimco Capital SecPairCorr
  0.68PFNCX Pimco Floating IncomePairCorr
  0.61PFONX Pimco International BondPairCorr
  0.62PFORX Pimco Foreign BondPairCorr
  0.67PFOAX Pimco Foreign BondPairCorr
  0.71PFRMX Pimco Inflation ResponsePairCorr
  0.84PFPNX Pimco Capital SecPairCorr
  0.81PFRRX Pimco Foreign BondPairCorr
  0.95PFSIX Pimco Emerging MarketsPairCorr
  0.89PFUPX Pimco Foreign BondPairCorr
  0.73PGAPX Pimco Global MultiPairCorr
  0.85PXTIX Fundamental IndexplusPairCorr
  0.86PXTNX Pimco Rae PlusPairCorr
  0.73PGMAX Pimco Global MultiPairCorr
  0.73PHDAX High Yield FundPairCorr
  0.91PHDCX High Yield FundPairCorr
  0.73PHIYX High Yield FundPairCorr
  0.64PDI Pimco Dynamic IncomePairCorr
  0.7PHNNX Pimco High YieldPairCorr
  0.94PHSIX Pimco High YieldPairCorr
  0.73PZRIX Pimco Rae FundamentalPairCorr
  0.73PZRPX Pimco Rae FundamentalPairCorr
  0.64PIINX Pimco IncomePairCorr
  0.64PIMIX Pimco IncomePairCorr

Moving against Pimco Mutual Fund

  0.37PWLBX 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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