All Asset Correlations

PASAX Fund

USD 11.42 0.04 0.35%

The current 90-days correlation between All Asset Fund and Sierra E Retirement is 0.52 (i.e., Very 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

Weak diversification

The correlation between All Asset Fund and DJI is 0.39 (i.e., 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 nation.

Moving together with All Mutual Fund

0.64	PFINX	Pimco Capital Sec	Pair Corr
0.64	PFNNX	Pimco Preferred And	Pair Corr
0.76	PFRMX	Pimco Inflation Response	Pair Corr
0.67	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	SIRZX	SRJIX	WBRMEX	BTRIX	EXBAX	TNXIX	USCRX
SIRZX		0.84	0.89	0.21	0.73	0.87	0.96	SIRZX
SRJIX	0.84		0.83	-0.1	0.92	0.57	0.86	SRJIX
WBRMEX	0.89	0.83		0.05	0.75	0.65	0.89	WBRMEX
BTRIX	0.21	-0.1	0.05		-0.12	0.26	0.12	BTRIX
EXBAX	0.73	0.92	0.75	-0.12		0.45	0.81	EXBAX
TNXIX	0.87	0.57	0.65	0.26	0.45		0.81	TNXIX
USCRX	0.96	0.86	0.89	0.12	0.81	0.81		USCRX
	SIRZX	SRJIX	WBRMEX	BTRIX	EXBAX	TNXIX	USCRX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

USCRX	+ 0.96	SIRZX
EXBAX	+ 0.92	SRJIX
WBRMEX	+ 0.89	SIRZX
USCRX	+ 0.89	WBRMEX
TNXIX	+ 0.87	SIRZX
USCRX	+ 0.86	SRJIX

High negative correlations

EXBAX	- 0.12	BTRIX
BTRIX	- 0.1	SRJIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SIRZX	0.26	(0.02)	(0.12)	0.02	0.34	(0.26)	0.53	(0.57)	1.49
SRJIX	0.47	0.00	(0.02)	0.06	0.74	(0.46)	0.90	(0.91)	6.47
WBRMEX	0.76	(0.02)	(0.01)	0.04	0.99	(0.73)	1.85	(1.57)	3.82
BTRIX	0.15	(0.01)	(0.27)	(0.22)	0.19	(0.18)	0.22	(0.32)	0.86
EXBAX	0.33	0.07	0.08	0.28	0.07	(0.41)	0.66	(0.51)	4.18
TNXIX	0.71	(0.03)	(0.02)	0.03	1.09	(0.67)	1.74	(1.71)	4.07
USCRX	0.38	0.00	(0.03)	0.06	0.48	(0.36)	0.79	(0.85)	2.12

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