All Asset Correlations

PASCX Fund

USD 10.98 0.06 0.55%

The current 90-days correlation between All Asset Fund and Oklahoma Municipal Fund is 0.41 (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

Very weak diversification

The correlation between All Asset Fund and DJI is 0.4 (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 various price indices.

Moving together with All Mutual Fund

1.0	PAALX	All Asset Fund	Pair Corr
1.0	PATRX	Pimco All Asset	Pair Corr
1.0	PAAIX	All Asset Fund	Pair Corr
1.0	PALPX	Pimco All Asset	Pair Corr
1.0	PASAX	All Asset Fund	Pair Corr
1.0	PAANX	Pimco All Asset	Pair Corr
0.99	PAUPX	Pimco All Asset	Pair Corr
0.99	PAUIX	Pimco All Asset	Pair Corr
0.94	ABRIX	Invesco Balanced Risk	Pair Corr
0.86	BRUFX	Bruce Fund Bruce	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.79	VZ	Verizon Communications	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.63	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.83	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against All Mutual Fund

0.39	RYMEX	Commodities Strategy	Pair Corr
0.39	RYMJX	Commodities Strategy	Pair Corr
0.32	RYMBX	Commodities Strategy	Pair Corr
0.5	BA	Boeing	Pair Corr

Related Correlations Analysis

	OKMUX	BBINX	GANPX	LCPMX	NSIOX	BIDPX
OKMUX		0.9	0.6	0.97	0.9	0.99	OKMUX
BBINX	0.9		0.67	0.9	0.86	0.88	BBINX
GANPX	0.6	0.67		0.69	0.87	0.61	GANPX
LCPMX	0.97	0.9	0.69		0.94	0.98	LCPMX
NSIOX	0.9	0.86	0.87	0.94		0.91	NSIOX
BIDPX	0.99	0.88	0.61	0.98	0.91		BIDPX
	OKMUX	BBINX	GANPX	LCPMX	NSIOX	BIDPX

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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
OKMUX	0.18	0.00	(0.17)	0.18	0.30	(0.25)	0.29	(0.56)	2.01
BBINX	0.14	(0.01)	(0.29)	(0.26)	0.20	(0.20)	0.39	(0.29)	1.27
GANPX	0.06	0.00	(0.44)	0.02	0.00	(0.13)	0.10	(0.10)	0.68
LCPMX	0.17	(0.01)	(0.19)	0.25	0.29	(0.23)	0.34	(0.45)	1.46
NSIOX	0.19	0.01	(0.19)	(0.14)	0.25	(0.26)	0.50	(0.40)	1.62
BIDPX	0.18	(0.01)	(0.24)	0.44	0.30	(0.21)	0.37	(0.45)	1.64

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