Pimco Emerging Correlations

Mutual Funds USA . 
Fund . Pimco Emerging Markets
PLMPX Fund  USD 7.61  0.01  0.13%   
The current 90-days correlation between Pimco Emerging Markets and Fpa Queens Road is 0.11 (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

Significant diversification

The correlation between Pimco Emerging Markets and DJI is 0.07 (i.e., Significant 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 american community survey.

Moving together with Pimco Mutual Fund

  0.87PFBPX Pimco Foreign BondPairCorr
  0.96PFCJX Pimco Preferred AndPairCorr
  0.66PFANX Pimco Capital SecPairCorr
  0.96PFIAX Pimco Floating IncomePairCorr
  0.72PFIIX Pimco Floating IncomePairCorr
  0.94PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.96PFNCX Pimco Floating IncomePairCorr
  0.87PFONX Pimco International BondPairCorr
  0.81PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.96PFNIX Pimco Low DurationPairCorr
  0.93PFNUX Pimco Dynamic BondPairCorr
  0.82PFOAX Pimco Foreign BondPairCorr
  0.77PFOCX Pimco Foreign BondPairCorr
  0.83PFRAX Pimco Foreign BondPairCorr
  0.67PFPNX Pimco Capital SecPairCorr
  0.9PFTCX Short Term FundPairCorr
  0.96PFTPX Pimco Floating IncomePairCorr
  0.67PFRRX Pimco Foreign BondPairCorr
  0.98PFSIX Pimco Emerging MarketsPairCorr
  0.82PFUUX Pimco Foreign BondPairCorr
  0.82PFUAX Foreign BondPairCorr
  0.82PFUIX Foreign BondPairCorr
  0.84PFUPX Pimco Foreign BondPairCorr
  0.95PXTIX Fundamental IndexplusPairCorr
  0.95PXTNX Pimco Rae PlusPairCorr
  0.72PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.73PWLBX Pimco Rae WorldwidePairCorr
  0.57PWLEX Pimco Rae WorldwidePairCorr
  0.52PWLMX Pimco Rae WorldwidePairCorr
  0.51PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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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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