Pimco Rae Correlations

PEIFX Fund

USD 13.16 0.20 1.54%

The current 90-days correlation between Pimco Rae Fundamental and Prudential Short Duration is 0.03 (i.e., Significant 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 weak diversification

The correlation between Pimco Rae Fundamental and DJI is 0.47 (i.e., Very weak 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 price.

Moving together with Pimco Mutual Fund

0.67	PFCJX	Pimco Preferred And	Pair Corr
0.62	PFANX	Pimco Capital Sec	Pair Corr
0.63	PFINX	Pimco Capital Sec	Pair Corr
0.65	PFNNX	Pimco Preferred And	Pair Corr
0.76	PFNUX	Pimco Dynamic Bond	Pair Corr
0.73	PFRCX	Foreign Bond	Pair Corr
0.66	PFRMX	Pimco Inflation Response	Pair Corr
0.65	PFPNX	Pimco Capital Sec	Pair Corr
0.83	PFSIX	Pimco Emerging Markets	Pair Corr
0.77	PFUUX	Pimco Foreign Bond	Pair Corr
0.76	PFUAX	Foreign Bond	Pair Corr
0.8	PFUIX	Foreign Bond	Pair Corr
0.77	PFUNX	Pimco International Bond	Pair Corr
0.72	PFUPX	Pimco Foreign Bond	Pair Corr

Related Correlations Analysis

	DMBAX	FUEMX	CMGUX	VMSSX	VUBFX	BDMKX	PDSCX
DMBAX		0.94	0.92	0.92	0.9	0.91	0.97	DMBAX
FUEMX	0.94		0.97	0.98	0.94	0.88	0.89	FUEMX
CMGUX	0.92	0.97		0.97	0.94	0.81	0.88	CMGUX
VMSSX	0.92	0.98	0.97		0.94	0.87	0.87	VMSSX
VUBFX	0.9	0.94	0.94	0.94		0.85	0.83	VUBFX
BDMKX	0.91	0.88	0.81	0.87	0.85		0.84	BDMKX
PDSCX	0.97	0.89	0.88	0.87	0.83	0.84		PDSCX
	DMBAX	FUEMX	CMGUX	VMSSX	VUBFX	BDMKX	PDSCX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DMBAX	0.04	0.00	(0.77)	(0.45)	(0.13)	0.15	(0.08)	0.39
FUEMX	0.03	0.00	0.00	0.39	0.00	0.10	0.00	0.40
CMGUX	0.04	0.01	0.00	(0.99)	0.00	0.11	0.00	0.44
VMSSX	0.07	0.01	0.00	0.71	0.00	0.22	(0.22)	0.66
VUBFX	0.03	0.00	0.00	0.00	0.00	0.10	0.00	0.20
BDMKX	0.05	0.00	(0.56)	0.09	(0.11)	0.11	(0.11)	0.22
PDSCX	0.04	0.00	(0.49)	(0.20)	(0.13)	0.20	(0.10)	0.40

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Pimco Rae Correlations

Pimco Rae Correlation With Market

Very weak diversification

Moving together with Pimco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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