Pimco Rae Correlations

PWLEX Fund

USD 8.12 0.04 0.50%

The current 90-days correlation between Pimco Rae Worldwide and Rbb Fund is 0.15 (i.e., Average diversification). The correlation of Pimco Rae 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 Rae Correlation With Market

Average diversification

The correlation between Pimco Rae Worldwide and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Rae Worldwide 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 Rae Worldwide. 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 income.

Moving together with Pimco Mutual Fund

0.99	PWLBX	Pimco Rae Worldwide	Pair Corr
0.99	PWLMX	Pimco Rae Worldwide	Pair Corr
0.98	PWLIX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	OPTCX	FALCX	VOLJX	TMVAX	FIJFX	TQAAX	MFTFX
OPTCX		0.0	0.79	0.9	0.68	0.91	-0.54	OPTCX
FALCX	0.0		0.0	0.0	0.0	0.0	0.0	FALCX
VOLJX	0.79	0.0		0.83	0.62	0.87	-0.04	VOLJX
TMVAX	0.9	0.0	0.83		0.51	0.92	-0.35	TMVAX
FIJFX	0.68	0.0	0.62	0.51		0.72	-0.28	FIJFX
TQAAX	0.91	0.0	0.87	0.92	0.72		-0.37	TQAAX
MFTFX	-0.54	0.0	-0.04	-0.35	-0.28	-0.37		MFTFX
	OPTCX	FALCX	VOLJX	TMVAX	FIJFX	TQAAX	MFTFX

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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

TQAAX	+ 0.92	TMVAX
TQAAX	+ 0.91	OPTCX
TMVAX	+ 0.9	OPTCX
TQAAX	+ 0.87	VOLJX
TMVAX	+ 0.83	VOLJX
VOLJX	+ 0.79	OPTCX

High negative correlations

MFTFX	- 0.54	OPTCX
MFTFX	- 0.37	TQAAX
MFTFX	- 0.35	TMVAX
MFTFX	- 0.28	FIJFX
MFTFX	- 0.04	VOLJX
MFTFX	- 0.0	FALCX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Rae 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 Rae'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
OPTCX	0.16	0.02	(0.40)	0.22	0.00	(0.24)	0.41	(0.21)	1.07
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VOLJX	0.77	(0.07)	(0.04)	0.06	1.21	(0.75)	1.47	(2.02)	4.97
TMVAX	0.91	0.03	0.06	0.15	0.75	(1.15)	2.29	(1.70)	8.08
FIJFX	0.78	(0.04)	(0.04)	0.08	0.87	(0.84)	1.90	(1.48)	5.17
TQAAX	0.83	(0.03)	0.01	0.10	0.97	(0.88)	1.97	(1.51)	6.10
MFTFX	0.94	(0.13)	0.00	(0.03)	0.00	0.00	1.70	(1.89)	5.42

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