Pimco Rae Correlations

Mutual Funds . USA . 
Fund . Pimco Rae Fundamental
PEIFX Fund  USD 13.61  0.01  0.07%   
The current 90-days correlation between Pimco Rae Fundamental and L Mason Qs is 0.32 (i.e., Weak 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 0.82 (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 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

  0.86PWLEX Pimco Rae WorldwidePairCorr
  0.68PWLBX Pimco Rae WorldwidePairCorr
  0.87PWLMX Pimco Rae WorldwidePairCorr
  0.87PWLIX Pimco Rae WorldwidePairCorr
  0.86PFBPX Pimco Foreign BondPairCorr
  0.96PFCJX Pimco Preferred AndPairCorr
  0.9PFATX Pimco FundamentalPairCorr
  0.97PFANX Pimco Capital SecPairCorr
  0.94PFIAX Pimco Floating IncomePairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.93PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.88PFMIX Municipal BondPairCorr
  0.94PFNCX Pimco Floating IncomePairCorr
  0.86PFONX Pimco International BondPairCorr
  0.87PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.93PFNIX Pimco Low DurationPairCorr
  0.93PFNUX Pimco Dynamic BondPairCorr
  0.84PFOAX Pimco Foreign BondPairCorr
  0.8PFOCX Pimco Foreign BondPairCorr
  0.92PFRCX Foreign BondPairCorr
  0.85PFRAX Pimco Foreign BondPairCorr
  0.98PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  0.93PFTPX Pimco Floating IncomePairCorr
  0.84PFRRX Pimco Foreign BondPairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  0.94PFUUX Pimco Foreign BondPairCorr
  0.92PFUAX Foreign BondPairCorr
  0.94PFUIX Foreign BondPairCorr
  0.94PFUNX Pimco International BondPairCorr
  0.94PFUPX Pimco Foreign BondPairCorr
  0.98PGAPX Pimco Global MultiPairCorr
  0.9PXTIX Fundamental IndexplusPairCorr
  0.89PXTNX Pimco Rae PlusPairCorr
  0.89PGBIX Global Bond FundPairCorr

Related Correlations Analysis


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.

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