Pimco Em Correlations

Mutual Funds . USA . 
Fund . Pimco Em Fundamental
PEFIX Fund  USD 7.10  0.07  0.98%   
The current 90-days correlation between Pimco Em Fundamental and Retirement Living Through is 0.4 (i.e., Very weak diversification). The correlation of Pimco Em 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 Em Correlation With Market

Modest diversification

The correlation between Pimco Em Fundamental and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Em Fundamental 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 Em Fundamental. 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

  0.76PWLEX Pimco Rae WorldwidePairCorr
  0.75PWLBX Pimco Rae WorldwidePairCorr
  0.75PWLMX Pimco Rae WorldwidePairCorr
  0.74PWLIX Pimco Rae WorldwidePairCorr
  0.75PFGAX Long Term GovernmentPairCorr
  0.74PFGCX Long Term GovernmentPairCorr
  0.72PFIAX Pimco Floating IncomePairCorr
  0.71PFIIX Pimco Floating IncomePairCorr
  0.74PFIUX Pimco Unconstrained BondPairCorr
  0.73PFNCX Pimco Floating IncomePairCorr
  0.7PFNIX Pimco Low DurationPairCorr
  0.74PFNUX Pimco Dynamic BondPairCorr
  0.88PFRCX Foreign BondPairCorr
  0.76PFRMX Pimco Inflation ResponsePairCorr
  0.7PFTPX Pimco Floating IncomePairCorr
  0.79PFSIX Pimco Emerging MarketsPairCorr
  0.87PFUUX Pimco Foreign BondPairCorr
  0.87PFUAX Foreign BondPairCorr
  0.87PFUIX Foreign BondPairCorr
  0.87PFUNX Pimco International BondPairCorr
  0.87PFUPX Pimco Foreign BondPairCorr
  0.73PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Em 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 Em'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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