Pimco Rae Correlations

PWLEX Fund

USD 7.40 0.01 0.14%

The current 90-days correlation between Pimco Rae Worldwide and Biotechnology Fund Class is -0.11 (i.e., Good 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 weak diversification

The correlation between Pimco Rae Worldwide and DJI is 0.5 (i.e., Very weak 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 housing.

Moving together with Pimco Mutual Fund

0.74	PWLBX	Pimco Rae Worldwide	Pair Corr
1.0	PWLMX	Pimco Rae Worldwide	Pair Corr
0.74	PFRMX	Pimco Inflation Response	Pair Corr
0.65	PXTIX	Fundamental Indexplus	Pair Corr
0.65	PIXAX	Fundamental Indexplus	Pair Corr
0.67	PAIPX	Pimco Short Asset	Pair Corr
0.67	PAIQX	Pimco Short Asset	Pair Corr
0.67	PAMSX	Pimco Short Asset	Pair Corr
0.76	PALPX	Pimco All Asset	Pair Corr
0.67	PSDAX	Short Duration Municipal	Pair Corr
0.67	PSDCX	Short Duration Municipal	Pair Corr
0.67	PSDIX	Short Duration Municipal	Pair Corr
0.69	PSFAX	Short Term Fund	Pair Corr
0.62	PTRRX	Total Return	Pair Corr
0.62	PTRAX	Total Return	Pair Corr
0.63	PCIPX	Pimco California Int	Pair Corr
0.72	PCRCX	Commodityrealreturn Steady Growth	Pair Corr
0.68	PDIIX	Diversified Income	Pair Corr
0.65	PDVAX	Diversified Income	Pair Corr
0.94	PWLIX	Pimco Rae Worldwide	Pair Corr
0.69	MGGYX	Mirova Global Green	Pair Corr

Moving against Pimco Mutual Fund

0.56	NLSCX	Neuberger Berman Long	Pair Corr
0.49	NLSAX	Neuberger Berman Long	Pair Corr
0.4	NLSIX	Neuberger Berman Long	Pair Corr

Related Correlations Analysis

	PGKCX	HTECX	DTEYX	CMTFX	FRBRX	JGLTX	RYBOX
PGKCX		0.56	0.72	0.85	0.55	0.75	0.59	PGKCX
HTECX	0.56		0.95	0.72	0.77	0.27	0.79	HTECX
DTEYX	0.72	0.95		0.87	0.78	0.51	0.81	DTEYX
CMTFX	0.85	0.72	0.87		0.59	0.81	0.67	CMTFX
FRBRX	0.55	0.77	0.78	0.59		0.14	0.92	FRBRX
JGLTX	0.75	0.27	0.51	0.81	0.14		0.2	JGLTX
RYBOX	0.59	0.79	0.81	0.67	0.92	0.2		RYBOX
	PGKCX	HTECX	DTEYX	CMTFX	FRBRX	JGLTX	RYBOX

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
PGKCX	1.04	0.10	0.03	0.67	1.50	(0.97)	1.84	(2.74)	11.68
HTECX	1.32	0.33	0.26	0.42	0.85	(1.66)	1.55	(2.08)	30.04
DTEYX	1.16	0.17	0.10	0.23	1.33	(1.15)	2.19	(2.35)	12.28
CMTFX	0.97	0.04	0.02	0.10	1.59	(0.85)	1.88	(2.59)	6.22
FRBRX	1.30	0.34	0.21	0.91	1.17	(1.51)	2.84	(2.25)	14.11
JGLTX	0.95	0.02	0.01	0.07	1.47	(0.86)	1.98	(2.59)	5.55
RYBOX	1.19	0.45	0.38	(2.48)	0.54	(1.43)	2.57	(1.47)	19.38

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