Emerging Markets Correlations

PEBIX Fund

USD 8.60 0.00 0.00%

The current 90-days correlation between Emerging Markets Bond and Pimco Rae Worldwide is 0.21 (i.e., Modest diversification). The correlation of Emerging Markets 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.

Emerging Markets Correlation With Market

Significant diversification

The correlation between Emerging Markets Bond and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Bond 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 Emerging Markets Bond. 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 Emerging Mutual Fund

0.61	PFATX	Pimco Fundamental	Pair Corr
0.73	PFIAX	Pimco Floating Income	Pair Corr
0.67	PFIIX	Pimco Floating Income	Pair Corr
0.81	PFMIX	Municipal Bond	Pair Corr
0.76	PFNCX	Pimco Floating Income	Pair Corr
0.73	PFNIX	Pimco Low Duration	Pair Corr
0.69	PFRMX	Pimco Inflation Response	Pair Corr
0.73	PFTPX	Pimco Floating Income	Pair Corr
0.82	PFSIX	Pimco Emerging Markets	Pair Corr
0.88	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX
PWLEX		0.87	0.99	0.88	0.43	0.37	0.42	0.35	0.13	0.13	PWLEX
PWLBX	0.87		0.87	0.99	0.42	0.38	0.28	0.37	0.07	0.07	PWLBX
PWLMX	0.99	0.87		0.89	0.47	0.41	0.36	0.41	0.04	0.04	PWLMX
PWLIX	0.88	0.99	0.89		0.45	0.42	0.26	0.41	0.05	0.05	PWLIX
PFBPX	0.43	0.42	0.47	0.45		0.54	-0.05	0.56	-0.01	-0.02	PFBPX
PFCJX	0.37	0.38	0.41	0.42	0.54		-0.05	0.99	-0.33	-0.33	PFCJX
PFATX	0.42	0.28	0.36	0.26	-0.05	-0.05		-0.12	0.7	0.7	PFATX
PFANX	0.35	0.37	0.41	0.41	0.56	0.99	-0.12		-0.4	-0.41	PFANX
PFGAX	0.13	0.07	0.04	0.05	-0.01	-0.33	0.7	-0.4		1.0	PFGAX
PFGCX	0.13	0.07	0.04	0.05	-0.02	-0.33	0.7	-0.41	1.0		PFGCX
	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PFGCX	+ 1.0	PFGAX
PWLMX	+ 0.99	PWLEX
PWLIX	+ 0.99	PWLBX
PFANX	+ 0.99	PFCJX
PWLIX	+ 0.89	PWLMX
PWLIX	+ 0.88	PWLEX

High negative correlations

PFGCX	- 0.41	PFANX
PFGAX	- 0.4	PFANX
PFGCX	- 0.33	PFCJX
PFGAX	- 0.33	PFCJX
PFANX	- 0.12	PFATX
PFATX	- 0.05	PFCJX

Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Markets 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 Emerging Markets' 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
PWLEX	0.28	0.01	(0.26)	0.17	0.26	(0.34)	0.62	(0.49)	1.85
PWLBX	0.29	0.01	(0.25)	0.33	0.28	(0.33)	0.62	(0.49)	1.86
PWLMX	0.27	0.01	(0.24)	0.22	0.25	(0.34)	0.61	(0.49)	1.84
PWLIX	0.28	0.01	(0.25)	0.35	0.27	(0.33)	0.61	(0.61)	1.45
PFBPX	0.15	0.02	(0.45)	0.47	0.00	(0.21)	0.40	(0.30)	0.92
PFCJX	0.10	0.01	(0.56)	0.63	0.00	(0.16)	0.22	(0.21)	0.65
PFATX	0.34	(0.04)	0.00	(0.21)	0.00	0.00	0.76	(0.87)	2.65
PFANX	0.10	0.02	(0.70)	0.87	0.00	(0.15)	0.22	(0.11)	0.54
PFGAX	0.59	(0.01)	0.00	0.18	0.00	0.00	1.25	(1.36)	3.52
PFGCX	0.59	(0.02)	0.00	0.20	0.00	0.00	1.24	(1.36)	3.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC