PIMCO Emerging Correlations

EMLI Etf

62.40 0.07 0.11%

The current 90-days correlation between PIMCO Emerging Markets and Leverage Shares 3x is 0.15 (i.e., Average 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

Good diversification

The correlation between PIMCO Emerging Markets and DJI is -0.04 (i.e., Good 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.

The ability to find closely correlated positions to PIMCO Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PIMCO Emerging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PIMCO Emerging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PIMCO Emerging Markets to buy it.

Moving together with PIMCO Etf

0.68	3BID	Leverage Shares 3x	Pair Corr
0.75	3LNG	WisdomTree Natural Gas	Pair Corr

Moving against PIMCO Etf

0.93	SGBP	WisdomTree Short GBP	Pair Corr
0.83	COI1	LS 1x Coinbase	Pair Corr
0.79	3PLT	Leverage Shares 3x	Pair Corr
0.78	3CON	Leverage Shares 3x	Pair Corr
0.72	3ARE	Leverage Shares 3x	Pair Corr
0.72	NVD3	Leverage Shares 3x	Pair Corr
0.62	QQQ5	Leverage Shares 5x	Pair Corr

Related Correlations Analysis

	3PLT	3BID	VILX	3LNG	3ARE	3CON	NVD3	SGBP	COI1	QQQ5
3PLT		-0.54	-0.84	-0.52	0.98	0.91	0.54	0.86	0.94	0.83	3PLT
3BID	-0.54		0.59	0.61	-0.53	-0.6	-0.35	-0.63	-0.6	-0.3	3BID
VILX	-0.84	0.59		0.37	-0.88	-0.82	-0.34	-0.6	-0.79	-0.72	VILX
3LNG	-0.52	0.61	0.37		-0.47	-0.48	-0.65	-0.58	-0.51	-0.53	3LNG
3ARE	0.98	-0.53	-0.88	-0.47		0.93	0.51	0.79	0.94	0.86	3ARE
3CON	0.91	-0.6	-0.82	-0.48	0.93		0.64	0.85	0.96	0.79	3CON
NVD3	0.54	-0.35	-0.34	-0.65	0.51	0.64		0.67	0.62	0.73	NVD3
SGBP	0.86	-0.63	-0.6	-0.58	0.79	0.85	0.67		0.91	0.64	SGBP
COI1	0.94	-0.6	-0.79	-0.51	0.94	0.96	0.62	0.91		0.79	COI1
QQQ5	0.83	-0.3	-0.72	-0.53	0.86	0.79	0.73	0.64	0.79		QQQ5
	3PLT	3BID	VILX	3LNG	3ARE	3CON	NVD3	SGBP	COI1	QQQ5

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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

3ARE	+ 0.98	3PLT
COI1	+ 0.96	3CON
COI1	+ 0.94	3PLT
COI1	+ 0.94	3ARE
3CON	+ 0.93	3ARE
3CON	+ 0.91	3PLT

High negative correlations

3ARE	- 0.88	VILX
VILX	- 0.84	3PLT
3CON	- 0.82	VILX
COI1	- 0.79	VILX
QQQ5	- 0.72	VILX
NVD3	- 0.65	3LNG

PIMCO Emerging Constituents Risk-Adjusted Indicators

There is a big difference between PIMCO Etf performing well and PIMCO Emerging ETF 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
3PLT	7.93	3.82	0.44	(1.85)	6.09	(9.51)	19.87	(13.77)	76.95
3BID	6.23	0.60	0.04	(0.62)	8.59	(6.08)	15.94	(13.81)	42.56
VILX	5.00	(0.40)	0.00	0.28	0.00	0.00	10.83	(10.85)	42.70
3LNG	6.88	(0.17)	0.00	(0.53)	0.00	0.00	18.04	(11.68)	42.75
3ARE	4.60	1.55	0.26	1.22	4.84	(4.98)	10.60	(8.88)	40.25
3CON	12.04	2.86	0.22	1.19	12.31	(13.68)	29.54	(17.60)	99.07
NVD3	5.87	1.05	0.14	1.35	6.63	(6.08)	12.94	(9.93)	39.29
SGBP	0.33	0.05	(0.18)	(0.96)	0.27	(0.39)	0.98	(0.58)	2.11
COI1	3.95	0.89	0.23	0.34	4.05	(4.47)	8.54	(5.34)	33.22
QQQ5	3.26	0.74	0.16	0.58	4.12	(3.74)	10.53	(5.30)	29.25

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Our tools can tell you how much better you can do entering a position in PIMCO Emerging without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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