Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PFSIX Fund  USD 6.78  0.02  0.30%   
The current 90-days correlation between Pimco Emerging Markets and Franklin Federal Limited Term is 0.12 (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 0.85 (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
  0.84PWLMX Pimco Rae WorldwidePairCorr
  0.84PWLIX Pimco Rae WorldwidePairCorr
  0.83PFBPX Pimco Foreign BondPairCorr
  0.97PFCJX Pimco Preferred AndPairCorr
  0.88PFATX Pimco FundamentalPairCorr
  0.97PFANX Pimco Capital SecPairCorr
  0.96PFIAX Pimco Floating IncomePairCorr
  0.96PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.87PFMIX Municipal BondPairCorr
  0.96PFNCX Pimco Floating IncomePairCorr
  0.83PFONX Pimco International BondPairCorr
  0.84PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.96PFNIX Pimco Low DurationPairCorr
  0.96PFNUX Pimco Dynamic BondPairCorr
  0.77PFOAX Pimco Foreign BondPairCorr
  0.7PFOCX Pimco Foreign BondPairCorr
  0.9PFRCX Foreign BondPairCorr
  0.8PFRAX Pimco Foreign BondPairCorr
  0.94PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.96PFTCX Short Term FundPairCorr
  0.96PFTPX Pimco Floating IncomePairCorr
  0.79PFRRX Pimco Foreign BondPairCorr
  0.92PFUUX Pimco Foreign BondPairCorr
  0.92PFUAX Foreign BondPairCorr
  0.92PFUIX Foreign BondPairCorr
  0.92PFUNX Pimco International BondPairCorr
  0.92PFUPX Pimco Foreign BondPairCorr
  0.98PGAPX Pimco Global MultiPairCorr
  0.9PXTIX Fundamental IndexplusPairCorr
  0.89PXTNX Pimco Rae PlusPairCorr
  0.93PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.36PGOVX Long Term GovernmentPairCorr

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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