Pimco Emerging Correlations
| PELNX Fund | USD 5.57 0.02 0.36% |
The current 90-days correlation between Pimco Emerging Local and Franklin Adjustable Government is 0.07 (i.e., Significant 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
Average diversification
The correlation between Pimco Emerging Local and DJI is 0.11 (i.e., Average 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.
Pimco |
Moving together with Pimco Mutual Fund
| 0.65 | PWLEX | Pimco Rae Worldwide | PairCorr |
| 0.62 | PWLBX | Pimco Rae Worldwide | PairCorr |
| 0.8 | PFGAX | Long Term Government | PairCorr |
| 0.75 | PFGCX | Long Term Government | PairCorr |
| 0.77 | PFRCX | Foreign Bond | PairCorr |
| 0.81 | PFRMX | Pimco Inflation Response | PairCorr |
| 0.93 | PFSIX | Pimco Emerging Markets | PairCorr |
| 0.76 | PFUUX | Pimco Foreign Bond | PairCorr |
| 0.77 | PFUAX | Foreign Bond | PairCorr |
| 0.76 | PFUIX | Foreign Bond | PairCorr |
| 0.76 | PFUNX | Pimco International Bond | PairCorr |
| 0.76 | PFUPX | Pimco Foreign Bond | PairCorr |
Moving against Pimco Mutual Fund
Related Correlations Analysis
| 0.0 | 0.0 | 0.93 | 0.0 | 0.87 | 0.84 | FCSCX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELMXX | ||
| 0.93 | 0.0 | 0.0 | 0.0 | 0.95 | 0.82 | SIGVX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUMXX | ||
| 0.87 | 0.0 | 0.0 | 0.95 | 0.0 | 0.69 | NUSAX | ||
| 0.84 | 0.0 | 0.0 | 0.82 | 0.0 | 0.69 | DPIGX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCSCX | 0.05 | 0.00 | (0.14) | 0.01 | 0.00 | 0.13 | 0.67 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SIGVX | 0.06 | 0.00 | (0.09) | 0.00 | 0.00 | 0.10 | 0.61 | |||
| HUMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NUSAX | 0.03 | 0.01 | 0.00 | 4.72 | 0.00 | 0.10 | 0.19 | |||
| DPIGX | 0.05 | 0.00 | (0.17) | 0.31 | 0.00 | 0.21 | 0.42 |