Pimco Rae Correlations

Mutual Funds . USA . 
Fund . Pimco Rae Fundamental
PEIFX Fund  USD 10.62  0.04  0.38%   
The current 90-days correlation between Pimco Rae Fundamental and Global Gold Fund is 0.56 (i.e., Very weak diversification). The correlation of Pimco Rae 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 Rae Correlation With Market

Very weak diversification

The correlation between Pimco Rae Fundamental and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Rae 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 Rae 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 census.

Moving together with Pimco Mutual Fund

  0.68PWLEX Pimco Rae WorldwidePairCorr
  0.66PWLBX Pimco Rae WorldwidePairCorr
  0.66PWLMX Pimco Rae WorldwidePairCorr
  0.65PWLIX Pimco Rae WorldwidePairCorr
  0.67PFGAX Long Term GovernmentPairCorr
  0.67PFGCX Long Term GovernmentPairCorr
  0.64PFIAX Pimco Floating IncomePairCorr
  0.64PFIIX Pimco Floating IncomePairCorr
  0.66PFIUX Pimco Unconstrained BondPairCorr
  0.65PFNCX Pimco Floating IncomePairCorr
  0.63PFNIX Pimco Low DurationPairCorr
  0.66PFNUX Pimco Dynamic BondPairCorr
  0.84PFRCX Foreign BondPairCorr
  0.68PFRMX Pimco Inflation ResponsePairCorr
  0.63PFTPX Pimco Floating IncomePairCorr
  0.72PFSIX Pimco Emerging MarketsPairCorr
  0.83PFUUX Pimco Foreign BondPairCorr
  0.83PFUAX Foreign BondPairCorr
  0.83PFUIX Foreign BondPairCorr
  0.83PFUNX Pimco International BondPairCorr
  0.83PFUPX Pimco Foreign BondPairCorr
  0.65PGBIX 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 Rae 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 Rae'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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