All Asset Correlations

Mutual Funds . USA . 
Fund . All Asset Fund
PAAIX Fund  USD 11.03  0.05  0.45%   
The current 90-days correlation between All Asset Fund and Pimco Rae Worldwide is 0.43 (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 0.5 (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 gross domestic product.

Moving together with All Mutual Fund

  0.86PWLEX Pimco Rae WorldwidePairCorr
  0.88PWLBX Pimco Rae WorldwidePairCorr
  0.88PWLMX Pimco Rae WorldwidePairCorr
  0.88PWLIX Pimco Rae WorldwidePairCorr
  0.61PFBPX Pimco Foreign BondPairCorr
  0.85PFCJX Pimco Preferred AndPairCorr
  0.79PFATX Pimco FundamentalPairCorr
  0.92PFANX Pimco Capital SecPairCorr
  0.77PFGAX Long Term GovernmentPairCorr
  0.82PFGCX Long Term GovernmentPairCorr
  0.87PFIAX Pimco Floating IncomePairCorr
  0.85PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.92PFINX Pimco Capital SecPairCorr
  0.89PFMIX Municipal BondPairCorr
  0.7PFNCX Pimco Floating IncomePairCorr
  0.61PFONX Pimco International BondPairCorr
  0.61PFORX Pimco Foreign BondPairCorr
  0.92PFNNX Pimco Preferred AndPairCorr
  0.68PFNIX Pimco Low DurationPairCorr
  0.66PFNUX Pimco Dynamic BondPairCorr
  0.82PFRCX Foreign BondPairCorr
  0.92PFPNX Pimco Capital SecPairCorr
  0.76PFTCX Short Term FundPairCorr
  0.85PFTPX Pimco Floating IncomePairCorr
  0.68PFSIX Pimco Emerging MarketsPairCorr
  0.7PFUUX Pimco Foreign BondPairCorr
  0.65PFUAX Foreign BondPairCorr
  0.85PFUIX Foreign BondPairCorr
  0.84PFUNX Pimco International BondPairCorr
  0.7PFUPX Pimco Foreign BondPairCorr
  0.91PGAPX Pimco Global MultiPairCorr
  0.88PGBIX Global Bond FundPairCorr
  0.91PGAIX 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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