All Asset Correlations

Mutual Funds . USA . 
Fund . All Asset Fund
PASCX Fund  USD 11.75  0.01  0.09%   
The current 90-days correlation between All Asset Fund and Aqr Tm Emerging is 0.6 (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

Very weak diversification

The correlation between All Asset Fund and DJI is 0.59 (i.e., Very weak 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 private.

Moving together with All Mutual Fund

  0.86PFBPX Pimco Foreign BondPairCorr
  0.92PFCJX Pimco Preferred AndPairCorr
  0.9PFATX Pimco FundamentalPairCorr
  0.92PFANX Pimco Capital SecPairCorr
  0.88PFGAX Long Term GovernmentPairCorr
  0.88PFGCX Long Term GovernmentPairCorr
  0.94PFIAX Pimco Floating IncomePairCorr
  0.95PFIIX Pimco Floating IncomePairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.94PFMIX Municipal BondPairCorr
  0.95PFNCX Pimco Floating IncomePairCorr
  0.86PFONX Pimco International BondPairCorr
  0.86PFORX Pimco Foreign BondPairCorr
  0.93PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.95PFNUX Pimco Dynamic BondPairCorr
  0.86PFOAX Pimco Foreign BondPairCorr
  0.81PFOCX Pimco Foreign BondPairCorr
  0.66PFRCX Foreign BondPairCorr
  0.86PFRAX Pimco Foreign BondPairCorr
  0.97PFRMX Pimco Inflation ResponsePairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.84PFRRX Pimco Foreign BondPairCorr
  0.96PFSIX Pimco Emerging MarketsPairCorr
  0.71PFUUX Pimco Foreign BondPairCorr
  0.7PFUAX Foreign BondPairCorr
  0.71PFUIX Foreign BondPairCorr
  0.71PFUNX Pimco International BondPairCorr
  0.71PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.97PXTIX Fundamental IndexplusPairCorr
  0.97PXTNX Pimco Rae PlusPairCorr
  0.96PGBIX Global Bond FundPairCorr
  0.97PGAIX Pimco Global MultiPairCorr
  0.95PGCAX Investment Grade PoratePairCorr
  0.97PGMAX Pimco Global MultiPairCorr

Related Correlations Analysis


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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