Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PFSIX Fund  USD 6.54  0.02  0.31%   
The current 90-days correlation between Pimco Emerging Markets and Amg Managers Centersquare is -0.35 (i.e., Very 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

Very good diversification

The correlation between Pimco Emerging Markets and DJI is -0.24 (i.e., Very good 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

  0.89PFBPX Pimco Foreign BondPairCorr
  0.92PFCJX Pimco Preferred AndPairCorr
  0.64PFATX Pimco FundamentalPairCorr
  0.93PFANX Pimco Capital SecPairCorr
  0.89PFGAX Long Term GovernmentPairCorr
  0.89PFGCX Long Term GovernmentPairCorr
  0.96PFIAX Pimco Floating IncomePairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.96PFIUX Pimco Unconstrained BondPairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.96PFMIX Municipal BondPairCorr
  0.97PFNCX Pimco Floating IncomePairCorr
  0.89PFONX Pimco International BondPairCorr
  0.88PFORX Pimco Foreign BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.98PFNUX Pimco Dynamic BondPairCorr
  0.9PFOAX Pimco Foreign BondPairCorr
  0.86PFOCX Pimco Foreign BondPairCorr
  0.88PFRAX Pimco Foreign BondPairCorr
  0.94PFRMX Pimco Inflation ResponsePairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.92PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.88PFRRX Pimco Foreign BondPairCorr
  0.94PGAPX Pimco Global MultiPairCorr
  0.94PXTIX Fundamental IndexplusPairCorr
  0.92PXTNX Pimco Rae PlusPairCorr
  0.94PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.83PWLIX Pimco Rae WorldwidePairCorr
  0.81PWLEX Pimco Rae WorldwidePairCorr
  0.8PWLMX Pimco Rae WorldwidePairCorr
  0.79PWLBX Pimco Rae WorldwidePairCorr

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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