Pimco Em Correlations

PEFIX Fund

USD 6.82 0.08 1.19%

The current 90-days correlation between Pimco Em Fundamental and Doubleline Total Return is 0.17 (i.e., Average diversification). The correlation of Pimco Em 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 Em Correlation With Market

Weak diversification

The correlation between Pimco Em Fundamental and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Em 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 Em 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 gross domestic product.

Moving together with Pimco Mutual Fund

0.92	VEMAX	Vanguard Emerging Markets	Pair Corr
0.7	VEIEX	Vanguard Emerging Markets	Pair Corr
0.92	VEMIX	Vanguard Emerging Markets	Pair Corr
0.92	VEMRX	Vanguard Emerging Markets	Pair Corr
0.89	FWWNX	American Funds New	Pair Corr
0.89	FNFWX	American Funds New	Pair Corr
0.88	NEWFX	New World Fund	Pair Corr
0.89	NWFFX	New World Fund	Pair Corr
0.89	NEWCX	New World Fund	Pair Corr
0.86	ODVYX	Oppenheimer Developing	Pair Corr
0.77	MGGYX	Mirova Global Green	Pair Corr
0.79	MGGAX	Mirova Global Green	Pair Corr
0.71	HLDIX	Hartford Emerging	Pair Corr
0.73	HLDRX	Hartford Emerging	Pair Corr
0.73	HLDAX	Hartford Emerging	Pair Corr
0.73	HLDCX	Hartford Emerging	Pair Corr
0.7	HLDTX	Hartford Emerging	Pair Corr
0.75	MCD	McDonalds	Pair Corr
0.68	PG	Procter Gamble Sell-off Trend	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	DLTNX	BBINX	FMFXX	FMUIX	MBSAX	GSFSX	LCCMX	ABNTX
DLTNX		0.89	0.15	0.66	0.79	-0.42	0.16	0.71	DLTNX
BBINX	0.89		0.24	0.43	0.76	-0.36	0.23	0.55	BBINX
FMFXX	0.15	0.24		-0.19	0.48	0.32	0.74	0.2	FMFXX
FMUIX	0.66	0.43	-0.19		0.34	-0.36	0.04	0.74	FMUIX
MBSAX	0.79	0.76	0.48	0.34		-0.33	0.5	0.67	MBSAX
GSFSX	-0.42	-0.36	0.32	-0.36	-0.33		0.32	-0.18	GSFSX
LCCMX	0.16	0.23	0.74	0.04	0.5	0.32		0.52	LCCMX
ABNTX	0.71	0.55	0.2	0.74	0.67	-0.18	0.52		ABNTX
	DLTNX	BBINX	FMFXX	FMUIX	MBSAX	GSFSX	LCCMX	ABNTX

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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

BBINX	+ 0.89	DLTNX
MBSAX	+ 0.79	DLTNX
MBSAX	+ 0.76	BBINX
LCCMX	+ 0.74	FMFXX
ABNTX	+ 0.74	FMUIX
ABNTX	+ 0.71	DLTNX

High negative correlations

GSFSX	- 0.42	DLTNX
GSFSX	- 0.36	FMUIX
GSFSX	- 0.36	BBINX
GSFSX	- 0.33	MBSAX
FMUIX	- 0.19	FMFXX
ABNTX	- 0.18	GSFSX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Em 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 Em'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
DLTNX	0.22	0.00	(0.26)	0.00	0.21	(0.29)	0.58	(0.47)	1.50
BBINX	0.14	0.01	(0.24)	(2.16)	0.15	(0.21)	0.30	(0.29)	1.27
FMFXX	0.03	0.01	0.00	(0.88)	0.00	0.00	0.00	0.00	1.01
FMUIX	0.25	0.00	(0.16)	0.06	0.37	(0.25)	0.54	(0.48)	1.88
MBSAX	0.21	0.02	(0.20)	1.40	0.19	(0.23)	0.52	(0.37)	1.55
GSFSX	0.06	0.00	(0.50)	0.24	0.07	(0.15)	0.19	(0.19)	0.58
LCCMX	0.11	0.04	0.00	2.18	0.00	0.00	0.25	0.00	1.84
ABNTX	0.14	0.00	(0.38)	0.13	0.10	(0.18)	0.30	(0.30)	0.79

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