Pimco Emerging Correlations

Mutual Funds . USA . 
Fund . Pimco Emerging Local
PELBX Fund  USD 6.16  0.01  0.16%   
The current 90-days correlation between Pimco Emerging Local and Delaware Emerging Markets is 0.1 (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

Average diversification

The correlation between Pimco Emerging Local and DJI is 0.13 (i.e., Average 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 bureau of labor statistics.

Moving together with Pimco Mutual Fund

  0.98PLMPX Pimco Emerging MarketsPairCorr
  0.98PLMIX Pimco Emerging MarketsPairCorr
  1.0PELPX Pimco Emerging LocalPairCorr
  0.91PELAX Pimco Emerging LocalPairCorr
  0.91PELCX Pimco Emerging LocalPairCorr
  0.92PELNX Pimco Emerging LocalPairCorr
  0.91EEIAX Eaton Vance EmergingPairCorr
  0.99EEIIX Eaton Vance EmergingPairCorr
  0.91EEICX Eaton Vance EmergingPairCorr
  0.85GAAKX Gmo Alternative AlloPairCorr
  0.74GAAGX Gmo Alternative AlloPairCorr
  0.8GPBFX Gmo E PlusPairCorr
  0.64PQTNX Pimco Trends ManagedPairCorr
  0.65PQTIX Aa Pimco TrPairCorr
  0.89RLBCX American BalancedPairCorr
  0.73TIKPX Tiaa Cref InflationPairCorr
  0.97CIREX Capital Income BuilderPairCorr
  0.87DFSHX Dfa Selectively HedgedPairCorr
  0.96PMORX Putnam Mortgage OppoPairCorr
  0.88DFFGX Dfa Short TermPairCorr
  0.71ESPCX Wells Fargo AdvantagePairCorr
  0.89MAUKX Pioneer Multi AssetPairCorr
  0.84GOVIX Gmo Resources Steady GrowthPairCorr
  0.86FISAX Franklin AdjustablePairCorr
  0.83CFJAX Calvert Large CapPairCorr
  0.88UIVMX Mfs Intrinsic ValuePairCorr
  0.82HHMIX The Hartford MunicipalPairCorr
  0.93JNRFX Janus ResearchPairCorr
  0.93MMIZX Mm Sp 500PairCorr
  0.87CVLOX Calamos Global GrowthPairCorr
  0.79WATPX Western Asset InflationPairCorr
  0.91PLCGX Largecap GrowthPairCorr
  0.85SJCRX Steward Large CapPairCorr

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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