Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PLMIX Fund  USD 7.16  0.03  0.42%   
The current 90-days correlation between Pimco Emerging Markets and Alpine Ultra Short is -0.08 (i.e., 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

Average diversification

The correlation between Pimco Emerging Markets and DJI is 0.17 (i.e., Average 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

  0.81PWLIX Pimco Rae WorldwidePairCorr
  0.62PFBPX Pimco Foreign BondPairCorr
  0.67PFATX Pimco FundamentalPairCorr
  0.85PFANX Pimco Capital SecPairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.86PFINX Pimco Capital SecPairCorr
  0.86PFNNX Pimco Preferred AndPairCorr
  0.61PFRAX Pimco Foreign BondPairCorr
  0.92PFTPX Pimco Floating IncomePairCorr
  0.61PFUUX Pimco Foreign BondPairCorr
  0.71PXTIX Fundamental IndexplusPairCorr
  0.89PHDCX High Yield FundPairCorr
  0.91PHIYX High Yield FundPairCorr
  0.91PDI Pimco Dynamic IncomePairCorr
  0.9PHYAX High Yield FundPairCorr
  0.87PIMIX Pimco IncomePairCorr
  0.95PISIX Pimco InternationalPairCorr
  0.86PLDIX Low DurationPairCorr
  0.84PLDPX Pimco Low DurationPairCorr
  0.86PLDRX Low DurationPairCorr
  0.83PLDTX Low DurationPairCorr
  1.0PLMPX Pimco Emerging MarketsPairCorr
  0.82PMDRX Moderate DurationPairCorr
  0.86PMZNX Pimco Mortgage OpporPairCorr
  0.85PMZIX Pimco Mortgage OpporPairCorr
  0.86PONAX Pimco IncomePairCorr
  0.83PONRX Pimco IncomePairCorr
  0.87PONPX Pimco Incme FundPairCorr
  0.64PPGNX Pimco Gnma 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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