All Asset Correlations

Mutual Funds . USA . 
Fund . All Asset Fund
PASAX Fund  USD 11.45  0.02  0.17%   
The current 90-days correlation between All Asset Fund and Nt International Small Mid is -0.1 (i.e., Good 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

Average diversification

The correlation between All Asset Fund and DJI is 0.18 (i.e., Average 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

  0.62PWLEX Pimco Rae WorldwidePairCorr
  0.67PWLMX Pimco Rae WorldwidePairCorr
  0.68PWLIX Pimco Rae WorldwidePairCorr
  0.73PFBPX Pimco Foreign BondPairCorr
  0.91PFCJX Pimco Preferred AndPairCorr
  0.9PFANX Pimco Capital SecPairCorr
  0.69PFGAX Long Term GovernmentPairCorr
  0.9PFIAX Pimco Floating IncomePairCorr
  0.87PFIIX Pimco Floating IncomePairCorr
  0.86PFIUX Pimco Unconstrained BondPairCorr
  0.9PFINX Pimco Capital SecPairCorr
  0.9PFNCX Pimco Floating IncomePairCorr
  0.74PFONX Pimco International BondPairCorr
  0.73PFORX Pimco Foreign BondPairCorr
  0.9PFNNX Pimco Preferred AndPairCorr
  0.87PFNIX Pimco Low DurationPairCorr
  0.85PFNUX Pimco Dynamic BondPairCorr
  0.81PFOAX Pimco Foreign BondPairCorr
  0.74PFOCX Pimco Foreign BondPairCorr
  0.75PFRAX Pimco Foreign BondPairCorr
  0.84PFRMX Pimco Inflation ResponsePairCorr
  0.9PFPNX Pimco Capital SecPairCorr
  0.88PFTCX Short Term FundPairCorr
  0.87PFTPX Pimco Floating IncomePairCorr
  0.71PFRRX Pimco Foreign BondPairCorr
  0.9PFSIX Pimco Emerging MarketsPairCorr
  0.94PGAPX Pimco Global MultiPairCorr
  0.88PXTIX Fundamental IndexplusPairCorr
  0.88PXTNX Pimco Rae PlusPairCorr
  0.87PGBIX 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.

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