All Asset Correlations

Mutual Funds . USA . 
Fund . All Asset Fund
PAAIX Fund  USD 11.02  0.04  0.36%   
The current 90-days correlation between All Asset Fund and Columbia Capital Allocation is 0.77 (i.e., Poor diversification). The correlation of All Asset 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.

All Asset Correlation With Market

Poor diversification

The correlation between All Asset Fund and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding All Asset Fund 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 All Asset Fund. 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 All Mutual Fund

  0.91PFCJX Pimco Preferred AndPairCorr
  0.91PFANX Pimco Capital SecPairCorr
  0.63PFIAX Pimco Floating IncomePairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.67PFMIX Municipal BondPairCorr
  0.64PFNCX Pimco Floating IncomePairCorr
  0.61PFNIX Pimco Low DurationPairCorr
  0.76PFRMX Pimco Inflation ResponsePairCorr
  0.63PFTPX Pimco Floating IncomePairCorr
  0.87PGAPX Pimco Global MultiPairCorr
  0.73PXTIX Fundamental IndexplusPairCorr
  0.73PXTNX Pimco Rae PlusPairCorr
  0.62PGCAX Investment Grade PoratePairCorr
  0.87PGMAX Pimco Global MultiPairCorr
  0.73PGSAX Pimco Global AdvantagePairCorr
  0.67PYMPX Pimco High YieldPairCorr
  0.91PHDAX High Yield FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between All Mutual Fund performing well and All Asset 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 All Asset'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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