Pimco All Correlations

Mutual Funds . USA . 
Fund . Pimco All Asset
PAUIX Fund  USD 6.74  0.01  0.15%   
The current 90-days correlation between Pimco All Asset and California Municipal Portfolio is 0.45 (i.e., Very weak diversification). The correlation of Pimco All 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 All Correlation With Market

Very weak diversification

The correlation between Pimco All Asset and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco All Asset 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 All Asset. 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 Pimco Mutual Fund

  0.92PFBPX Pimco Foreign BondPairCorr
  0.98PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.69PFIAX Pimco Floating IncomePairCorr
  0.69PFIIX Pimco Floating IncomePairCorr
  0.69PFIUX Pimco Unconstrained BondPairCorr
  0.7PFINX Pimco Capital SecPairCorr
  0.69PFNCX Pimco Floating IncomePairCorr
  0.92PFONX Pimco International BondPairCorr
  0.92PFORX Pimco Foreign BondPairCorr
  0.7PFNNX Pimco Preferred AndPairCorr
  0.64PFNIX Pimco Low DurationPairCorr
  0.69PFNUX Pimco Dynamic BondPairCorr
  0.68PFOAX Pimco Foreign BondPairCorr
  0.67PFOCX Pimco Foreign BondPairCorr
  0.65PFRCX Foreign BondPairCorr
  0.68PFRAX Pimco Foreign BondPairCorr
  0.96PFRMX Pimco Inflation ResponsePairCorr
  0.98PFPNX Pimco Capital SecPairCorr
  0.66PFTCX Short Term FundPairCorr
  0.69PFTPX Pimco Floating IncomePairCorr
  0.66PFRRX Pimco Foreign BondPairCorr
  0.98PFSIX Pimco Emerging MarketsPairCorr
  0.67PFUUX Pimco Foreign BondPairCorr
  0.66PFUAX Foreign BondPairCorr
  0.67PFUIX Foreign BondPairCorr
  0.67PFUNX Pimco International BondPairCorr
  0.67PFUPX Pimco Foreign BondPairCorr
  0.68PGAPX Pimco Global MultiPairCorr
  0.96PXTIX Fundamental IndexplusPairCorr
  0.94PXTNX Pimco Rae PlusPairCorr
  0.96PGBIX Global Bond FundPairCorr

Moving against Pimco Mutual Fund

  0.79PWLBX Pimco Rae WorldwidePairCorr
  0.56PWLEX Pimco Rae WorldwidePairCorr
  0.5PWLMX Pimco Rae WorldwidePairCorr
  0.48PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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