All Asset Correlations

Mutual Funds . USA . 
Fund . All Asset Fund
PASAX Fund  USD 12.17  0.03  0.25%   
The current 90-days correlation between All Asset Fund and Long Term Government Fund is 0.35 (i.e., Weak 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 poor diversification

The correlation between All Asset Fund and DJI is 0.8 (i.e., Very 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 nation.

Moving together with All Mutual Fund

  0.91PWLEX Pimco Rae WorldwidePairCorr
  0.76PWLBX Pimco Rae WorldwidePairCorr
  0.91PWLMX Pimco Rae WorldwidePairCorr
  0.91PWLIX Pimco Rae WorldwidePairCorr
  0.92PFBPX Pimco Foreign BondPairCorr
  0.99PFCJX Pimco Preferred AndPairCorr
  0.94PFATX Pimco FundamentalPairCorr
  0.99PFANX Pimco Capital SecPairCorr
  0.61PFIAX Pimco Floating IncomePairCorr
  0.61PFIIX Pimco Floating IncomePairCorr
  0.93PFIUX Pimco Unconstrained BondPairCorr
  0.94PFMIX Municipal BondPairCorr
  0.94PFNCX Pimco Floating IncomePairCorr
  0.92PFONX Pimco International BondPairCorr
  0.92PFORX Pimco Foreign BondPairCorr
  0.99PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.93PFNUX Pimco Dynamic BondPairCorr
  0.91PFOAX Pimco Foreign BondPairCorr
  0.88PFOCX Pimco Foreign BondPairCorr
  0.9PFRCX Foreign BondPairCorr
  0.91PFRAX Pimco Foreign BondPairCorr
  0.98PFRMX Pimco Inflation ResponsePairCorr
  0.99PFPNX Pimco Capital SecPairCorr
  0.94PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.89PFRRX Pimco Foreign BondPairCorr
  0.96PFSIX Pimco Emerging MarketsPairCorr
  0.92PFUUX Pimco Foreign BondPairCorr
  0.91PFUAX Foreign BondPairCorr
  0.92PFUIX Foreign BondPairCorr
  0.92PFUNX Pimco International BondPairCorr
  0.92PFUPX Pimco Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.89PXTIX Fundamental IndexplusPairCorr
  0.89PXTNX Pimco Rae PlusPairCorr
  0.91PGBIX Global Bond FundPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.36  0.00  0.12  0.00  0.00 
(0.49)
 0.94 
(0.55)
 2.23 
PWLBX  0.39  0.08  0.03 (1.57) 0.36 
(0.49)
 1.08 
(0.55)
 2.97 
PWLMX  0.36  0.12  0.13 (41.61) 0.00 
(0.49)
 1.07 
(0.55)
 2.33 
PWLIX  0.36  0.12  0.12  30.17  0.00 
(0.51)
 1.07 
(0.55)
 2.33 
PFBPX  0.10  0.01 (0.26) 0.23  0.00 
(0.15)
 0.20 
(0.20)
 0.71 
PFCJX  0.09  0.03 (0.18) 0.85  0.00 
(0.14)
 0.21 
(0.10)
 0.83 
PFATX  0.52  0.13  0.15  0.65  0.26 
(0.66)
 1.29 
(0.84)
 2.33 
PFANX  0.09  0.03 (0.18) 2.77  0.00 
(0.14)
 0.21 
(0.10)
 0.82 
PFGAX  0.35  0.01 (0.09) 0.13  0.39 
(0.41)
 0.72 
(0.71)
 1.72 
PFGCX  0.35  0.01 (0.09) 0.11  0.40 
(0.41)
 0.72 
(0.71)
 1.72 

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