Pimco All Correlations

PALPX Fund

USD 11.20 0.03 0.27%

The current 90-days correlation between Pimco All Asset and Alphacentric Lifesci Healthcare is -0.04 (i.e., Good 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 american community survey.

Moving together with Pimco Mutual Fund

0.71	PFATX	Pimco Fundamental	Pair Corr
0.64	PFGAX	Long Term Government	Pair Corr
0.63	PFGCX	Long Term Government	Pair Corr
0.69	PFMIX	Municipal Bond	Pair Corr
0.61	PFNCX	Pimco Floating Income	Pair Corr
0.71	PFRMX	Pimco Inflation Response	Pair Corr
0.91	PFSIX	Pimco Emerging Markets	Pair Corr
0.73	PFUUX	Pimco Foreign Bond	Pair Corr
0.73	PFUAX	Foreign Bond	Pair Corr
0.82	PGBIX	Global Bond Fund	Pair Corr
0.82	PGCAX	Investment Grade Porate	Pair Corr
0.64	PGOVX	Long Term Government	Pair Corr
0.91	PGSAX	Pimco Global Advantage	Pair Corr
0.73	PYMAX	Pimco High Yield	Pair Corr
0.72	PYMCX	Pimco High Yield	Pair Corr
0.73	PYMNX	Pimco High Yield	Pair Corr

Moving against Pimco Mutual Fund

0.37

PFTCX

Short Term Fund

Pair Corr

Related Correlations Analysis

	LYFAX	ETAHX	AHSCX	SBHIX	HGHYX	HLHIX	LHCCX
LYFAX		0.75	0.72	0.79	0.65	0.63	0.74	LYFAX
ETAHX	0.75		0.76	0.49	0.55	0.58	0.81	ETAHX
AHSCX	0.72	0.76		0.68	0.61	0.69	0.9	AHSCX
SBHIX	0.79	0.49	0.68		0.78	0.78	0.73	SBHIX
HGHYX	0.65	0.55	0.61	0.78		0.95	0.57	HGHYX
HLHIX	0.63	0.58	0.69	0.78	0.95		0.66	HLHIX
LHCCX	0.74	0.81	0.9	0.73	0.57	0.66		LHCCX
	LYFAX	ETAHX	AHSCX	SBHIX	HGHYX	HLHIX	LHCCX

Click cells to compare fundamentals

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Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LYFAX	0.66	(0.07)	(2.17)	1.22	(1.65)	3.82
ETAHX	0.98	(0.22)	(0.10)	1.91	(2.32)	7.54
AHSCX	0.56	(0.09)	(0.07)	0.82	(1.25)	4.55
SBHIX	0.62	(0.10)	(0.59)	1.00	(1.27)	4.23
HGHYX	0.61	(0.17)	(1.28)	0.76	(1.34)	3.78
HLHIX	0.62	(0.18)	(0.16)	0.92	(1.36)	3.35
LHCCX	0.74	(0.14)	(0.08)	1.50	(1.57)	5.15

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