Pimco Emerging Correlations

PELAX Fund

USD 5.77 0.01 0.17%

The current 90-days correlation between Pimco Emerging Local and Doubleline Emerging Markets is 0.1 (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

Modest diversification

The correlation between Pimco Emerging Local and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Emerging Local 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 Emerging Local. 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 nation.

Moving together with Pimco Mutual Fund

0.86	PWLIX	Pimco Rae Worldwide	Pair Corr
0.68	PFBPX	Pimco Foreign Bond	Pair Corr
0.69	PFATX	Pimco Fundamental	Pair Corr
0.91	PFANX	Pimco Capital Sec	Pair Corr
0.92	PFIIX	Pimco Floating Income	Pair Corr
0.91	PFINX	Pimco Capital Sec	Pair Corr
0.91	PFNNX	Pimco Preferred And	Pair Corr
0.68	PFRAX	Pimco Foreign Bond	Pair Corr
0.92	PFTPX	Pimco Floating Income	Pair Corr
0.72	PFUUX	Pimco Foreign Bond	Pair Corr
0.72	PFUAX	Foreign Bond	Pair Corr
0.78	PXTIX	Fundamental Indexplus	Pair Corr
0.78	PHDCX	High Yield Fund	Pair Corr
0.91	PHIYX	High Yield Fund	Pair Corr
0.82	PDI	Pimco Dynamic Income	Pair Corr
0.79	PHYAX	High Yield Fund	Pair Corr
0.65	PIGIX	Investment Grade Porate	Pair Corr
0.84	PIMIX	Pimco Income	Pair Corr
0.82	PISIX	Pimco International	Pair Corr
0.77	PLDIX	Low Duration	Pair Corr
0.66	PLDPX	Pimco Low Duration	Pair Corr
0.69	PLDRX	Low Duration	Pair Corr
0.78	PLDTX	Low Duration	Pair Corr
0.96	PLMIX	Pimco Emerging Markets	Pair Corr
0.67	PLMPX	Pimco Emerging Markets	Pair Corr
0.89	PMDRX	Moderate Duration	Pair Corr
0.89	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.89	PMZIX	Pimco Mortgage Oppor	Pair Corr
0.92	PONAX	Pimco Income	Pair Corr
0.84	PONRX	Pimco Income	Pair Corr
0.74	PPGNX	Pimco Gnma Fund	Pair Corr

Related Correlations Analysis

	DBELX	JPAXX	JHMXX	RPGXX	BMMIX	IVMXX
DBELX		0.0	0.0	0.0	0.0	0.0	DBELX
JPAXX	0.0		0.0	0.0	0.0	0.0	JPAXX
JHMXX	0.0	0.0		0.0	0.0	0.0	JHMXX
RPGXX	0.0	0.0	0.0		0.0	0.0	RPGXX
BMMIX	0.0	0.0	0.0	0.0		0.0	BMMIX
IVMXX	0.0	0.0	0.0	0.0	0.0		IVMXX
	DBELX	JPAXX	JHMXX	RPGXX	BMMIX	IVMXX

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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

JPAXX	+ 0.0	DBELX
JHMXX	+ 0.0	DBELX
RPGXX	+ 0.0	DBELX
BMMIX	+ 0.0	DBELX
IVMXX	+ 0.0	DBELX
JHMXX	+ 0.0	JPAXX

High negative correlations

IVMXX	- 0.0	BMMIX
IVMXX	- 0.0	RPGXX
BMMIX	- 0.0	RPGXX
IVMXX	- 0.0	JHMXX
BMMIX	- 0.0	JHMXX
RPGXX	- 0.0	JHMXX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Emerging 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 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
DBELX	0.31	0.02	0.07	(12.78)	0.27	(0.39)	0.60	(0.48)	1.66
JPAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RPGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMMIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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