Pimco Rae Correlations

Mutual Funds . USA . 
Fund . Pimco Rae Fundamental
PMJAX Fund  USD 10.40  0.08  0.76%   
The current 90-days correlation between Pimco Rae Fundamental and Dunham Real Estate is 0.79 (i.e., Poor diversification). The correlation of Pimco Rae 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 Rae Correlation With Market

Very poor diversification

The correlation between Pimco Rae Fundamental and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Rae Fundamental 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 Rae Fundamental. 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 nation.

Moving together with Pimco Mutual Fund

  0.67PFBPX Pimco Foreign BondPairCorr
  0.9PFCJX Pimco Preferred AndPairCorr
  0.9PFANX Pimco Capital SecPairCorr
  0.82PFIAX Pimco Floating IncomePairCorr
  0.82PFIIX Pimco Floating IncomePairCorr
  0.8PFIUX Pimco Unconstrained BondPairCorr
  0.9PFINX Pimco Capital SecPairCorr
  0.62PFMIX Municipal BondPairCorr
  0.82PFNCX Pimco Floating IncomePairCorr
  0.67PFONX Pimco International BondPairCorr
  0.67PFORX Pimco Foreign BondPairCorr
  0.89PFNNX Pimco Preferred AndPairCorr
  0.85PFNIX Pimco Low DurationPairCorr
  0.8PFNUX Pimco Dynamic BondPairCorr
  0.63PFOAX Pimco Foreign BondPairCorr
  0.62PFOCX Pimco Foreign BondPairCorr
  0.63PFRAX Pimco Foreign BondPairCorr
  0.77PFRMX Pimco Inflation ResponsePairCorr
  0.9PFPNX Pimco Capital SecPairCorr
  0.85PFTCX Short Term FundPairCorr
  0.84PFTPX Pimco Floating IncomePairCorr
  0.63PFRRX Pimco Foreign BondPairCorr
  0.85PFSIX Pimco Emerging MarketsPairCorr
  0.92PGAPX Pimco Global MultiPairCorr
  0.96PXTIX Fundamental IndexplusPairCorr
  0.96PXTNX Pimco Rae PlusPairCorr
  0.78PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.63PWLBX Pimco Rae WorldwidePairCorr
  0.55PWLEX Pimco Rae WorldwidePairCorr
  0.49PWLMX Pimco Rae WorldwidePairCorr
  0.49PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Rae 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 Rae'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY