Pimco All Correlations

PATRX Fund  USD 11.18  0.09  0.81%   
The current 90-days correlation between Pimco All Asset and Pimco Rae Worldwide is 0.37 (i.e., 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 0.48 (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 metropolitan statistical area.

Moving together with Pimco Mutual Fund

  0.73PFATX Pimco FundamentalPairCorr
  0.66PFGAX Long Term GovernmentPairCorr
  0.66PFGCX Long Term GovernmentPairCorr
  0.7PFMIX Municipal BondPairCorr
  0.79PFRMX Pimco Inflation ResponsePairCorr
  0.93PFSIX Pimco Emerging MarketsPairCorr
  0.73PFUUX Pimco Foreign BondPairCorr
  0.74PFUAX Foreign BondPairCorr
  0.84PGBIX Global Bond FundPairCorr
  0.82PGCAX Investment Grade PoratePairCorr
  0.66PGOVX Long Term GovernmentPairCorr
  0.9PGSAX Pimco Global AdvantagePairCorr
  0.72PYMAX Pimco High YieldPairCorr
  0.76PYMCX Pimco High YieldPairCorr
  0.72PYMNX Pimco High YieldPairCorr

Moving against Pimco Mutual Fund

  0.43PFTCX Short Term FundPairCorr

Related Correlations Analysis

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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   
PFANXPFCJX
PFGCXPFGAX
PWLBXPWLEX
PWLMXPWLEX
PWLMXPWLBX
PWLIXPWLBX
  
High negative correlations   
PFGCXPFANX
PFGAXPFANX
PFGCXPFCJX
PFGAXPFCJX
PFANXPFATX
PFATXPFCJX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.28  0.01 (0.28) 0.20  0.27 
 0.62 
 1.85 
PWLBX  0.28  0.01 (0.27) 0.26  0.28 
 0.62 
 1.86 
PWLMX  0.27  0.01 (0.27) 0.23  0.26 
 0.61 
 1.84 
PWLIX  0.28  0.01 (0.26) 0.28  0.27 
 0.61 
 1.72 
PFBPX  0.14  0.01 (0.55) 0.26  0.00 
 0.30 
 0.92 
PFCJX  0.10  0.01 (0.61) 0.49  0.00 
 0.22 
 0.65 
PFATX  0.32 (0.05) 0.00 (0.42) 0.00 
 0.64 
 1.90 
PFANX  0.10  0.01 (0.78) 0.67  0.00 
 0.22 
 0.54 
PFGAX  0.54 (0.07) 0.00  0.41  0.00 
 1.14 
 3.52 
PFGCX  0.54 (0.07) 0.00  0.42  0.00 
 1.14 
 3.52