Pimco Emerging Correlations

PELAX Fund

USD 6.15 0.02 0.33%

The current 90-days correlation between Pimco Emerging Local and Hartford Healthcare Hls is 0.12 (i.e., Average 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 Local and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Emerging Local 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 Local. 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 nation.

Moving together with Pimco Mutual Fund

0.97	PFCJX	Pimco Preferred And	Pair Corr
0.97	PFANX	Pimco Capital Sec	Pair Corr
0.61	PFIAX	Pimco Floating Income	Pair Corr
0.61	PFIIX	Pimco Floating Income	Pair Corr
0.95	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.97	PFINX	Pimco Capital Sec	Pair Corr
0.97	PFNNX	Pimco Preferred And	Pair Corr
0.86	PFRAX	Pimco Foreign Bond	Pair Corr
0.93	PFRMX	Pimco Inflation Response	Pair Corr
0.97	PFPNX	Pimco Capital Sec	Pair Corr
0.97	PFTPX	Pimco Floating Income	Pair Corr
0.99	PFSIX	Pimco Emerging Markets	Pair Corr
0.63	PFUAX	Foreign Bond	Pair Corr
0.8	PFUPX	Pimco Foreign Bond	Pair Corr
0.61	PXTIX	Fundamental Indexplus	Pair Corr
0.95	PXTNX	Pimco Rae Plus	Pair Corr

Moving against Pimco Mutual Fund

0.8	PWLBX	Pimco Rae Worldwide	Pair Corr
0.57	PWLEX	Pimco Rae Worldwide	Pair Corr
0.5	PWLMX	Pimco Rae Worldwide	Pair Corr
0.49	PWLIX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	HIAHX	SWHFX	RAGHX	XHQHX	HGHYX	FACTX
HIAHX		0.95	0.6	0.74	1.0	0.9	HIAHX
SWHFX	0.95		0.61	0.78	0.95	0.92	SWHFX
RAGHX	0.6	0.61		0.59	0.6	0.62	RAGHX
XHQHX	0.74	0.78	0.59		0.74	0.76	XHQHX
HGHYX	1.0	0.95	0.6	0.74		0.9	HGHYX
FACTX	0.9	0.92	0.62	0.76	0.9		FACTX
	HIAHX	SWHFX	RAGHX	XHQHX	HGHYX	FACTX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HIAHX	0.93	(0.04)	0.00	0.37	0.00	0.00	1.72	(2.32)	5.31
SWHFX	0.86	(0.01)	0.00	0.21	0.00	0.00	1.65	(2.04)	4.64
RAGHX	0.85	0.02	0.00	0.07	0.00	0.00	1.85	(2.11)	5.85
XHQHX	1.18	0.07	(0.07)	(0.14)	1.68	(1.18)	2.02	(2.25)	8.21
HGHYX	0.93	(0.04)	0.00	0.38	0.00	0.00	1.78	(2.37)	5.38
FACTX	0.84	(0.04)	0.00	1.02	0.00	0.00	1.62	(2.58)	5.38

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