Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PLMIX Fund  USD 7.22  0.03  0.41%   
The current 90-days correlation between Pimco Emerging Markets and Invesco Gold Special is 0.57 (i.e., Very weak 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

Good diversification

The correlation between Pimco Emerging Markets and DJI is -0.11 (i.e., 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

  0.93PWLEX Pimco Rae WorldwidePairCorr
  0.93PWLBX Pimco Rae WorldwidePairCorr
  0.93PWLMX Pimco Rae WorldwidePairCorr
  0.93PWLIX Pimco Rae WorldwidePairCorr
  0.62PFCJX Pimco Preferred AndPairCorr
  0.89PFATX Pimco FundamentalPairCorr
  0.62PFANX Pimco Capital SecPairCorr
  0.83PFGAX Long Term GovernmentPairCorr
  0.82PFGCX Long Term GovernmentPairCorr
  0.94PFIAX Pimco Floating IncomePairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.94PFIUX Pimco Unconstrained BondPairCorr
  0.62PFINX Pimco Capital SecPairCorr
  0.68PFMIX Municipal BondPairCorr
  0.95PFNCX Pimco Floating IncomePairCorr
  0.62PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.94PFNUX Pimco Dynamic BondPairCorr
  0.92PFRCX Foreign BondPairCorr
  0.94PFRMX Pimco Inflation ResponsePairCorr
  0.62PFPNX Pimco Capital SecPairCorr
  0.89PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.97PFSIX Pimco Emerging MarketsPairCorr
  0.93PFUUX Pimco Foreign BondPairCorr
  0.93PFUAX Foreign BondPairCorr
  0.94PFUIX Foreign BondPairCorr
  0.93PFUNX Pimco International BondPairCorr
  0.93PFUPX Pimco Foreign BondPairCorr
  0.66PGAPX Pimco Global MultiPairCorr
  0.92PGBIX 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 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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