Pimco Rae Competition

PWLIX Fund

USD 7.88 0.05 0.64%

Pimco Rae Worldwide competes with Ab Bond, Pnc Emerging, Aqr Long-short, Transamerica Emerging, and Angel Oak; as well as few others. The fund is listed under Long-Short Equity category and is part of PIMCO family. Analyzing Pimco Rae competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Pimco Rae to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Pimco Rae Correlation with its peers.

Pimco Rae vs Angel Oak Correlation

Very poor diversification

The correlation between Pimco Rae Worldwide and ANGCX is 0.82 (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 Worldwide and ANGCX in the same portfolio, assuming nothing else is changed.

Moving together with Pimco Mutual Fund

0.98	PWLEX	Pimco Rae Worldwide	Pair Corr
0.88	PWLBX	Pimco Rae Worldwide	Pair Corr
0.98	PWLMX	Pimco Rae Worldwide	Pair Corr
0.72	PFBPX	Pimco Foreign Bond	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
7.38	7.89	8.40

Details

Intrinsic

Valuation

Low	Real	High
7.29	7.80	8.31

Details

Pimco Rae Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Pimco Rae and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Pimco and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Pimco Rae Worldwide does not affect the price movement of the other competitor.

	QLMETX	ABNTX	PIEFX	QLENX	TEOJX	ANGCX
QLMETX		-0.02	-0.29	-0.79	-0.34	-0.36	QLMETX
ABNTX	-0.02		0.79	0.35	0.81	0.84	ABNTX
PIEFX	-0.29	0.79		0.43	0.98	0.86	PIEFX
QLENX	-0.79	0.35	0.43		0.49	0.61	QLENX
TEOJX	-0.34	0.81	0.98	0.49		0.89	TEOJX
ANGCX	-0.36	0.84	0.86	0.61	0.89		ANGCX
	QLMETX	ABNTX	PIEFX	QLENX	TEOJX	ANGCX

High positive correlations

TEOJX	+ 0.98	PIEFX
ANGCX	+ 0.89	TEOJX
ANGCX	+ 0.86	PIEFX
ANGCX	+ 0.84	ABNTX
TEOJX	+ 0.81	ABNTX
PIEFX	+ 0.79	ABNTX

High negative correlations

QLENX	- 0.79	QLMETX
ANGCX	- 0.36	QLMETX
TEOJX	- 0.34	QLMETX
PIEFX	- 0.29	QLMETX
ABNTX	- 0.02	QLMETX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QLMETX	0.68	(0.10)	0.00	(0.11)	0.00	0.00	1.04	(1.11)	12.98
ABNTX	0.08	0.00	(0.53)	0.15	0.00	(0.11)	0.19	(0.19)	0.39
PIEFX	0.84	0.14	0.11	0.26	0.79	(0.95)	2.00	(1.29)	5.25
QLENX	0.37	0.05	(0.01)	0.26	0.31	(0.42)	0.85	(0.65)	2.30
TEOJX	0.67	0.22	0.16	(8.06)	0.57	(0.78)	1.62	(1.27)	4.27
ANGCX	0.07	0.01	(0.49)	1.43	0.00	(0.15)	0.12	(0.12)	0.58

Pimco Rae Competitive Analysis

The better you understand Pimco Rae competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Pimco Rae's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Pimco Rae's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	PWLIX	QLMETX	ABNTX	PIEFX	QLENX	TEOJX	ANGCX
	0.64 7.88 Pimco	0.78 21.55 Legg	0.19 10.34 ABNTX	1.09 22.70 Pnc	0.49 20.25 Aqr	1.42 12.16 Transamerica	0.12 8.69 Angel
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Weakest	Good	Solid	Good	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Fair	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Under Valued	Fairly Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Hold	Strong Sell	Strong Buy	Hold	Strong Sell	Strong Sell
Net Asset	1.56 B	N/A	625.25 M	53.41 M	7.77 B	378.25 M	2.64 B
Minimum Initial Investment	N/A	N/A	5 M	1000 K	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	1.99 X	N/A	0.47 X
Five Year Return	10.43 %	N/A	2.40 %	1.57 %	25.98 %	2.13 %	1.17 %
One Year Return	11.62 %	N/A	6.04 %	42.91 %	25.41 %	45.97 %	6.78 %
Last Dividend Paid	0.14	N/A	0.06	0.05	N/A	0.01	0.03
Price To Earning	N/A	N/A	N/A	N/A	16.64 X	N/A	N/A
Price To Sales	N/A	N/A	N/A	N/A	0.99 X	N/A	0.07 X
Cash Position Weight	(45.54) %	N/A	42.81 %	4.43 %	33.58 %	8.20 %	5.66 %
Equity Positions Weight	70.01 %	N/A	N/A	95.57 %	(10.89) %	91.80 %	0.31 %
Three Year Return	11.61 %	N/A	5.02 %	15.37 %	27.78 %	15.91 %	5.58 %
Annual Yield	0.09 %	N/A	0.04 %	0.02 %	0.02 %	0.01 %	0.05 %
Year To Date Return	6.52 %	N/A	0.58 %	8.53 %	0.39 %	9.81 %	0.36 %
Bond Positions Weight	23.59 %	N/A	53.01 %	N/A	N/A	N/A	2.06 %
Ten Year Return	N/A	N/A	2.91 %	N/A	N/A	N/A	N/A
Daily Balance Of Power	9.2 T	0	9.2 T	0	0	9.2 T	9.2 T
Day Typical Price	7.88	21.55	10.34	22.7	20.25	12.16	8.69
Period Momentum Indicator	0.05	(0.17)	0.02	(0.25)	(0.10)	0.17	0.01
Rate Of Daily Change	1.01	0.99	1.0	0.99	1.0	1.01	1.0
Day Median Price	7.88	21.55	10.34	22.7	20.25	12.16	8.69
Price Action Indicator	0.025	(0.09)	0.01	(0.12)	(0.05)	0.085	0.005
Coefficient Of Variation	364.46	(3,021)	835.16	543.02	619.19	380.57	471.86
Mean Deviation	0.3766	0.6829	0.0791	0.8415	0.3736	0.6735	0.0694
Jensen Alpha	0.1253	(0.10)	0.001	0.1355	0.0482	0.2227	0.0106
Total Risk Alpha	0.0842	(0.20)	(0.01)	0.0938	0.0251	0.1443	0.0024
Sortino Ratio	0.1227	N/A	(0.53)	0.1088	(0.01)	0.163	(0.49)
Downside Variance	0.2185	N/A	0.0166	1.14	0.2252	0.8468	0.0148
Standard Deviation	0.5032	1.59	0.0987	1.07	0.4724	0.8783	0.0997
Kurtosis	0.7979	47.64	(0.52)	0.1217	(0.14)	0.3994	5.12
Potential Upside	1.07	1.04	0.1938	2.0	0.8492	1.62	0.1168
Treynor Ratio	3.28	(0.11)	0.1527	0.2571	0.2593	(8.06)	1.43
Maximum Drawdown	2.33	12.98	0.3895	5.25	2.3	4.27	0.5825
Variance	0.2532	2.53	0.0097	1.14	0.2231	0.7713	0.0099
Market Risk Adjusted Performance	3.29	(0.10)	0.1627	0.2671	0.2693	(8.05)	1.44
Risk Adjusted Performance	0.2167	(0.02)	0.025	0.152	0.124	0.2141	0.1006
Skewness	0.5344	(6.42)	(0.25)	(0.01)	0.085	(0.21)	1.46
Semi Deviation	0.0	N/A	0.0	0.7917	0.3095	0.5664	0.0
Information Ratio	0.1139	(0.08)	(0.70)	0.1086	(0.01)	0.1708	(0.60)
Value At Risk	(0.55)	(1.11)	(0.19)	(1.29)	(0.65)	(1.27)	(0.12)
Expected Short fall	(0.53)	N/A	(0.11)	(0.95)	(0.42)	(0.78)	(0.15)
Downside Deviation	0.4674	N/A	0.129	1.07	0.4746	0.9202	0.1217
Semi Variance	(0.03)	N/A	(0)	0.6268	0.0958	0.3208	(0.02)

Pimco Rae Competition Performance Charts

Five steps to successful analysis of Pimco Rae Competition

Pimco Rae's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Pimco Rae Worldwide in relation to its competition. Pimco Rae's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Pimco Rae in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Pimco Rae's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Pimco Rae Worldwide, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Pimco Mutual Fund

Pimco Rae financial ratios help investors to determine whether Pimco Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pimco with respect to the benefits of owning Pimco Rae security.

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