Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PFSIX Fund  USD 6.73  0.02  0.30%   
The current 90-days correlation between Pimco Emerging Markets and Davis Financial Fund is 0.16 (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

Very poor diversification

The correlation between Pimco Emerging Markets and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Emerging Markets 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 Markets. 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

  0.84PWLEX Pimco Rae WorldwidePairCorr
  0.63PWLBX Pimco Rae WorldwidePairCorr
  0.84PWLMX Pimco Rae WorldwidePairCorr
  0.84PWLIX Pimco Rae WorldwidePairCorr
  0.86PFBPX Pimco Foreign BondPairCorr
  0.96PFCJX Pimco Preferred AndPairCorr
  0.88PFATX Pimco FundamentalPairCorr
  0.96PFANX Pimco Capital SecPairCorr
  0.95PFIAX Pimco Floating IncomePairCorr
  0.97PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.96PFNCX Pimco Floating IncomePairCorr
  0.87PFORX Pimco Foreign BondPairCorr
  0.96PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.97PFNUX Pimco Dynamic BondPairCorr
  0.8PFOAX Pimco Foreign BondPairCorr
  0.68PFOCX Pimco Foreign BondPairCorr
  0.9PFRCX Foreign BondPairCorr
  0.75PFRAX Pimco Foreign BondPairCorr
  0.96PFRMX Pimco Inflation ResponsePairCorr
  0.96PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.74PFRRX Pimco Foreign BondPairCorr
  0.92PFUUX Pimco Foreign BondPairCorr
  0.91PFUAX Foreign BondPairCorr
  0.92PFUIX Foreign BondPairCorr
  0.92PFUNX Pimco International BondPairCorr
  0.92PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.91PXTIX Fundamental IndexplusPairCorr
  0.91PXTNX Pimco Rae PlusPairCorr
  0.92PGBIX Global Bond FundPairCorr
  0.97PGAIX Pimco Global MultiPairCorr
  0.77PGCAX Investment Grade PoratePairCorr

Related Correlations Analysis


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.

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