Pimco Rae Correlations

PWLBX Fund

USD 7.22 0.04 0.55%

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

Significant diversification

The correlation between Pimco Rae Worldwide and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Rae Worldwide 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 Worldwide. 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 bureau of labor statistics.

Moving together with Pimco Mutual Fund

1.0	PWLEX	Pimco Rae Worldwide	Pair Corr
1.0	PWLMX	Pimco Rae Worldwide	Pair Corr
0.87	PWLIX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	MCBXX	RMBLX	XFINX	VFAIX	GCFSX	PGFMX
MCBXX		0.0	0.0	0.0	0.0	0.0	MCBXX
RMBLX	0.0		0.62	0.9	0.96	-0.18	RMBLX
XFINX	0.0	0.62		0.59	0.61	0.1	XFINX
VFAIX	0.0	0.9	0.59		0.87	-0.18	VFAIX
GCFSX	0.0	0.96	0.61	0.87		-0.14	GCFSX
PGFMX	0.0	-0.18	0.1	-0.18	-0.14		PGFMX
	MCBXX	RMBLX	XFINX	VFAIX	GCFSX	PGFMX

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

GCFSX	+ 0.96	RMBLX
VFAIX	+ 0.9	RMBLX
GCFSX	+ 0.87	VFAIX
XFINX	+ 0.62	RMBLX
GCFSX	+ 0.61	XFINX
VFAIX	+ 0.59	XFINX

High negative correlations

PGFMX	- 0.18	VFAIX
PGFMX	- 0.18	RMBLX
PGFMX	- 0.14	GCFSX
PGFMX	- 0.0	MCBXX
GCFSX	- 0.0	MCBXX
VFAIX	- 0.0	MCBXX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMBLX	1.03	0.18	0.12	0.26	1.13	(1.14)	3.00	(1.58)	7.72
XFINX	0.14	(0.01)	(0.25)	(0.19)	0.26	(0.16)	0.22	(0.43)	1.44
VFAIX	0.69	0.00	0.00	0.09	0.88	(0.70)	1.35	(1.72)	4.27
GCFSX	0.52	0.12	0.07	0.69	0.51	(0.62)	1.39	(1.04)	3.52
PGFMX	0.34	(0.04)	0.00	(0.20)	0.00	0.00	0.62	(0.63)	3.71

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