Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PFSIX Fund  USD 6.40  0.03  0.47%   
The current 90-days correlation between Pimco Emerging Markets and Asg Global Alternatives is -0.02 (i.e., Good 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

Weak diversification

The correlation between Pimco Emerging Markets and DJI is 0.34 (i.e., Weak 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 inflation.

Moving together with Pimco Mutual Fund

  0.68PWLEX Pimco Rae WorldwidePairCorr
  0.71PWLMX Pimco Rae WorldwidePairCorr
  0.71PWLIX Pimco Rae WorldwidePairCorr
  0.85PFBPX Pimco Foreign BondPairCorr
  0.98PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.76PFGAX Long Term GovernmentPairCorr
  0.63PFIAX Pimco Floating IncomePairCorr
  0.99PFIIX Pimco Floating IncomePairCorr
  0.86PFIUX Pimco Unconstrained BondPairCorr
  0.98PFINX Pimco Capital SecPairCorr
  0.63PFNCX Pimco Floating IncomePairCorr
  0.7PFONX Pimco International BondPairCorr
  0.85PFORX Pimco Foreign BondPairCorr
  0.98PFNNX Pimco Preferred AndPairCorr
  0.61PFNIX Pimco Low DurationPairCorr
  0.63PFNUX Pimco Dynamic BondPairCorr
  0.88PFOAX Pimco Foreign BondPairCorr
  0.79PFOCX Pimco Foreign BondPairCorr
  0.88PFRAX Pimco Foreign BondPairCorr
  0.89PFPNX Pimco Capital SecPairCorr
  0.93PFTCX Short Term FundPairCorr
  0.98PFTPX Pimco Floating IncomePairCorr
  0.88PGAPX Pimco Global MultiPairCorr
  0.82PXTIX Fundamental IndexplusPairCorr
  0.82PXTNX Pimco Rae PlusPairCorr
  0.99PGBIX Global Bond FundPairCorr

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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