All Asset Correlations

PASAX Fund

USD 11.73 0.03 0.26%

The current 90-days correlation between All Asset Fund and Financial Services Fund is 0.53 (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 0.58 (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 signals in nation.

Moving together with All Mutual Fund

0.85	PFBPX	Pimco Foreign Bond	Pair Corr
0.91	PFCJX	Pimco Preferred And	Pair Corr
0.87	PFATX	Pimco Fundamental	Pair Corr
0.92	PFANX	Pimco Capital Sec	Pair Corr
0.88	PFGAX	Long Term Government	Pair Corr
0.87	PFGCX	Long Term Government	Pair Corr
0.95	PFIAX	Pimco Floating Income	Pair Corr
0.95	PFIIX	Pimco Floating Income	Pair Corr
0.92	PFINX	Pimco Capital Sec	Pair Corr
0.93	PFMIX	Municipal Bond	Pair Corr
0.96	PFNCX	Pimco Floating Income	Pair Corr
0.85	PFONX	Pimco International Bond	Pair Corr
0.84	PFORX	Pimco Foreign Bond	Pair Corr
0.92	PFNNX	Pimco Preferred And	Pair Corr
0.95	PFNIX	Pimco Low Duration	Pair Corr
0.97	PFNUX	Pimco Dynamic Bond	Pair Corr
0.85	PFOAX	Pimco Foreign Bond	Pair Corr
0.79	PFOCX	Pimco Foreign Bond	Pair Corr
0.85	PFRAX	Pimco Foreign Bond	Pair Corr
0.96	PFRMX	Pimco Inflation Response	Pair Corr
0.95	PFTPX	Pimco Floating Income	Pair Corr
0.82	PFRRX	Pimco Foreign Bond	Pair Corr
0.97	PFSIX	Pimco Emerging Markets	Pair Corr
0.65	PFUUX	Pimco Foreign Bond	Pair Corr
0.64	PFUAX	Foreign Bond	Pair Corr
0.65	PFUIX	Foreign Bond	Pair Corr
0.65	PFUNX	Pimco International Bond	Pair Corr
0.64	PFUPX	Pimco Foreign Bond	Pair Corr
0.96	PGAPX	Pimco Global Multi	Pair Corr
0.97	PXTIX	Fundamental Indexplus	Pair Corr
0.97	PXTNX	Pimco Rae Plus	Pair Corr
0.97	PGBIX	Global Bond Fund	Pair Corr
0.96	PGAIX	Pimco Global Multi	Pair Corr
0.95	PGCAX	Investment Grade Porate	Pair Corr
0.96	PGMAX	Pimco Global Multi	Pair Corr

Moving against All Mutual Fund

0.4	PWLEX	Pimco Rae Worldwide	Pair Corr
0.36	PWLMX	Pimco Rae Worldwide	Pair Corr
0.36	PWLIX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	RYFIX	SBFAX	FIDAX	MSVIX	GCFSX	FTIXX	DVFYX	FIKBX
RYFIX		0.9	0.94	0.72	0.84	0.0	0.85	0.97	RYFIX
SBFAX	0.9		0.93	0.48	0.71	0.0	0.64	0.93	SBFAX
FIDAX	0.94	0.93		0.51	0.78	0.0	0.75	0.95	FIDAX
MSVIX	0.72	0.48	0.51		0.82	0.0	0.89	0.7	MSVIX
GCFSX	0.84	0.71	0.78	0.82		0.0	0.92	0.87	GCFSX
FTIXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FTIXX
DVFYX	0.85	0.64	0.75	0.89	0.92	0.0		0.85	DVFYX
FIKBX	0.97	0.93	0.95	0.7	0.87	0.0	0.85		FIKBX
	RYFIX	SBFAX	FIDAX	MSVIX	GCFSX	FTIXX	DVFYX	FIKBX

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

FIKBX	+ 0.97	RYFIX
FIKBX	+ 0.95	FIDAX
FIDAX	+ 0.94	RYFIX
FIDAX	+ 0.93	SBFAX
FIKBX	+ 0.93	SBFAX
DVFYX	+ 0.92	GCFSX

High negative correlations

FIKBX	- 0.0	FTIXX
DVFYX	- 0.0	FTIXX
FTIXX	- 0.0	GCFSX
FTIXX	- 0.0	MSVIX
FTIXX	- 0.0	FIDAX
FTIXX	- 0.0	SBFAX

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
RYFIX	0.60	(0.14)	0.00	(0.02)	0.00	0.00	1.34	(1.57)	4.63
SBFAX	0.67	(0.18)	0.00	(0.05)	0.00	0.00	1.36	(1.66)	5.79
FIDAX	0.68	(0.15)	0.00	(0.02)	0.00	0.00	1.36	(1.54)	5.82
MSVIX	0.82	(0.08)	(0.03)	0.05	0.88	(0.92)	1.87	(1.30)	6.50
GCFSX	0.58	(0.04)	(0.06)	0.07	0.55	(0.67)	1.37	(1.07)	4.17
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.63	(0.06)	(0.06)	0.05	0.80	(0.69)	1.41	(1.37)	4.79
FIKBX	0.71	(0.15)	0.00	(0.01)	0.00	0.00	1.55	(1.65)	5.65

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