Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Markets
PLMPX Fund  USD 7.16  0.03  0.42%   
The current 90-days correlation between Pimco Emerging Markets and Scharf Global Opportunity is 0.38 (i.e., 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

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 american community survey.

Moving together with PIMCO Mutual Fund

  0.81PWLIX Pimco Rae WorldwidePairCorr
  0.63PFBPX Pimco Foreign BondPairCorr
  0.67PFATX Pimco FundamentalPairCorr
  0.86PFANX Pimco Capital SecPairCorr
  0.94PFIIX Pimco Floating IncomePairCorr
  0.86PFINX Pimco Capital SecPairCorr
  0.87PFNNX Pimco Preferred AndPairCorr
  0.62PFRAX Pimco Foreign BondPairCorr
  0.93PFTPX Pimco Floating IncomePairCorr
  0.63PFUUX Pimco Foreign BondPairCorr
  0.63PFUAX Foreign BondPairCorr
  0.71PXTIX Fundamental IndexplusPairCorr
  0.89PHDCX High Yield FundPairCorr
  0.91PHIYX High Yield FundPairCorr
  0.9PDI Pimco Dynamic IncomePairCorr
  0.9PHYAX High Yield FundPairCorr
  0.88PIMIX Pimco IncomePairCorr
  0.94PISIX Pimco InternationalPairCorr
  0.85PLDIX Low DurationPairCorr
  0.84PLDPX Pimco Low DurationPairCorr
  0.85PLDRX Low DurationPairCorr
  0.85PLDTX Low DurationPairCorr
  1.0PLMIX Pimco Emerging MarketsPairCorr
  0.83PMDRX Moderate DurationPairCorr
  0.86PMZNX Pimco Mortgage OpporPairCorr
  0.86PMZIX Pimco Mortgage OpporPairCorr
  0.87PONAX Pimco IncomePairCorr
  0.87PONRX Pimco IncomePairCorr
  0.88PONPX Pimco Incme FundPairCorr
  0.65PPGNX Pimco Gnma FundPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BUFHX
+ 0.89
CSQAX
EMSLX
+ 0.74
CSQAX
FZNQEX
+ 0.72
WRLDX
EMSLX
+ 0.68
WRLDX
OPTCX
+ 0.65
BUFHX
OPTCX
+ 0.61
CSQAX
  
High negative correlations   
BUFHX
- 0.06
FZNQEX
FZNQEX
- 0.0
CSQAX

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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