Pimco All Correlations

Mutual Funds . USA . 
Fund . Pimco All Asset
PAUCX Fund  USD 6.58  0.03  0.45%   
The current 90-days correlation between Pimco All Asset and Us Government Securities is 0.22 (i.e., Modest diversification). The correlation of Pimco All 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.

Pimco All Correlation With Market

Weak diversification

The correlation between Pimco All Asset and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco All Asset 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 Pimco All Asset. 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 Pimco Mutual Fund

  0.93PWLEX Pimco Rae WorldwidePairCorr
  0.95PWLBX Pimco Rae WorldwidePairCorr
  0.95PWLMX Pimco Rae WorldwidePairCorr
  0.95PWLIX Pimco Rae WorldwidePairCorr
  0.84PFCJX Pimco Preferred AndPairCorr
  0.84PFATX Pimco FundamentalPairCorr
  0.88PFANX Pimco Capital SecPairCorr
  0.86PFGAX Long Term GovernmentPairCorr
  0.91PFGCX Long Term GovernmentPairCorr
  0.92PFIAX Pimco Floating IncomePairCorr
  0.91PFIIX Pimco Floating IncomePairCorr
  0.93PFIUX Pimco Unconstrained BondPairCorr
  0.88PFINX Pimco Capital SecPairCorr
  0.9PFMIX Municipal BondPairCorr
  0.92PFNCX Pimco Floating IncomePairCorr
  0.88PFNNX Pimco Preferred AndPairCorr
  0.91PFNIX Pimco Low DurationPairCorr
  0.93PFNUX Pimco Dynamic BondPairCorr
  0.9PFRCX Foreign BondPairCorr
  0.88PFPNX Pimco Capital SecPairCorr
  0.79PFTCX Short Term FundPairCorr
  0.91PFTPX Pimco Floating IncomePairCorr
  0.93PFSIX Pimco Emerging MarketsPairCorr
  0.91PFUUX Pimco Foreign BondPairCorr
  0.91PFUAX Foreign BondPairCorr
  0.92PFUIX Foreign BondPairCorr
  0.91PFUNX Pimco International BondPairCorr
  0.91PFUPX Pimco Foreign BondPairCorr
  0.82PGAPX Pimco Global MultiPairCorr
  0.94PGBIX Global Bond FundPairCorr
  0.82PGAIX Pimco Global MultiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco All 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 Pimco All'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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