All Asset Correlations

PASAX Fund

USD 11.87 0.01 0.08%

The current 90-days correlation between All Asset Fund and Mainstay Moderate Growth is 0.23 (i.e., Modest 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

Modest diversification

The correlation between All Asset Fund and DJI is 0.24 (i.e., Modest 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	PFBPX	Pimco Foreign Bond	Pair Corr
0.84	PFCJX	Pimco Preferred And	Pair Corr
0.73	PFATX	Pimco Fundamental	Pair Corr
0.85	PFANX	Pimco Capital Sec	Pair Corr
0.89	PFIAX	Pimco Floating Income	Pair Corr
0.89	PFIIX	Pimco Floating Income	Pair Corr
0.86	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.85	PFINX	Pimco Capital Sec	Pair Corr
0.77	PFMIX	Municipal Bond	Pair Corr
0.89	PFNCX	Pimco Floating Income	Pair Corr
0.64	PFONX	Pimco International Bond	Pair Corr
0.65	PFORX	Pimco Foreign Bond	Pair Corr
0.83	PFNNX	Pimco Preferred And	Pair Corr
0.9	PFNIX	Pimco Low Duration	Pair Corr
0.87	PFNUX	Pimco Dynamic Bond	Pair Corr
0.67	PFOAX	Pimco Foreign Bond	Pair Corr
0.61	PFOCX	Pimco Foreign Bond	Pair Corr
0.64	PFRAX	Pimco Foreign Bond	Pair Corr
0.88	PFRMX	Pimco Inflation Response	Pair Corr
0.86	PFPNX	Pimco Capital Sec	Pair Corr
0.79	PFTCX	Short Term Fund	Pair Corr
0.89	PFTPX	Pimco Floating Income	Pair Corr
0.87	PFSIX	Pimco Emerging Markets	Pair Corr
0.92	PGAPX	Pimco Global Multi	Pair Corr
0.85	PXTIX	Fundamental Indexplus	Pair Corr
0.74	PXTNX	Pimco Rae Plus	Pair Corr
0.89	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	MGDCX	PAKJX	JTMIX	FLMTX	JLAEX	PGFCX	MXBPX
MGDCX		0.97	0.98	0.94	0.93	0.74	0.98	MGDCX
PAKJX	0.97		0.96	0.93	0.91	0.73	0.93	PAKJX
JTMIX	0.98	0.96		0.97	0.97	0.82	0.94	JTMIX
FLMTX	0.94	0.93	0.97		0.99	0.82	0.91	FLMTX
JLAEX	0.93	0.91	0.97	0.99		0.87	0.88	JLAEX
PGFCX	0.74	0.73	0.82	0.82	0.87		0.66	PGFCX
MXBPX	0.98	0.93	0.94	0.91	0.88	0.66		MXBPX
	MGDCX	PAKJX	JTMIX	FLMTX	JLAEX	PGFCX	MXBPX

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
MGDCX	0.46	(0.02)	(0.05)	0.03	0.63	(0.44)	0.92	(0.92)	2.53
PAKJX	0.52	(0.01)	(0.02)	0.05	0.79	(0.49)	1.08	(1.00)	2.98
JTMIX	0.26	(0.01)	(0.10)	0.03	0.31	(0.29)	0.54	(0.60)	1.53
FLMTX	0.22	0.00	(0.12)	0.05	0.20	(0.27)	0.46	(0.45)	1.28
JLAEX	0.20	0.00	(0.14)	0.04	0.20	(0.23)	0.36	(0.48)	0.97
PGFCX	0.21	0.00	(0.17)	0.07	0.22	(0.23)	0.37	(0.46)	1.10
MXBPX	0.41	(0.02)	(0.06)	0.02	0.52	(0.45)	0.95	(0.92)	2.27

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All Asset Correlations

All Asset Correlation With Market

Modest diversification

Moving together with All Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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