All Asset Correlations

Mutual Funds . USA . 
Fund . All Asset Fund
PASCX Fund  USD 11.07  0.01  0.09%   
The current 90-days correlation between All Asset Fund and Vanguard Diversified Equity is 0.29 (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

Poor diversification

The correlation between All Asset Fund and DJI is 0.62 (i.e., Poor 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 main economic indicators.

Moving together with All Mutual Fund

  0.94PFCJX Pimco Preferred AndPairCorr
  0.94PFANX Pimco Capital SecPairCorr
  0.65PFIAX Pimco Floating IncomePairCorr
  0.65PFIIX Pimco Floating IncomePairCorr
  0.88PFINX Pimco Capital SecPairCorr
  0.65PFNCX Pimco Floating IncomePairCorr
  0.88PFNNX Pimco Preferred AndPairCorr
  0.61PFNIX Pimco Low DurationPairCorr
  0.66PFNUX Pimco Dynamic BondPairCorr
  0.92PFRMX Pimco Inflation ResponsePairCorr
  0.87PFPNX Pimco Capital SecPairCorr
  0.62PFTCX Short Term FundPairCorr
  0.73PFTPX Pimco Floating IncomePairCorr
  0.73PFSIX Pimco Emerging MarketsPairCorr
  0.91PGAPX Pimco Global MultiPairCorr
  0.89PXTIX Fundamental IndexplusPairCorr
  0.81PXTNX Pimco Rae PlusPairCorr
  0.8PGBIX Global Bond FundPairCorr
  0.94PGAIX Pimco Global MultiPairCorr

Related Correlations Analysis

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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.

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