Stocksplus Total Correlations

Mutual Funds . USA . 
Fund . Stocksplus Total Return
PSPTX Fund  USD 13.23  0.04  0.30%   
The current 90-days correlation between Stocksplus Total Return and Pimco Small Cap is 0.88 (i.e., Very poor diversification). The correlation of Stocksplus Total 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.

Stocksplus Total Correlation With Market

Very poor diversification

The correlation between Stocksplus Total Return and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Total Return 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 Stocksplus Total Return. 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 estimate.

Moving together with Stocksplus Mutual Fund

  0.8PFBPX Pimco Foreign BondPairCorr
  0.97PFCJX Pimco Preferred AndPairCorr
  0.98PFANX Pimco Capital SecPairCorr
  0.93PFIAX Pimco Floating IncomePairCorr
  0.93PFIIX Pimco Floating IncomePairCorr
  0.9PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.93PFNCX Pimco Floating IncomePairCorr
  0.8PFONX Pimco International BondPairCorr
  0.79PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.9PFNUX Pimco Dynamic BondPairCorr
  0.77PFOAX Pimco Foreign BondPairCorr
  0.75PFOCX Pimco Foreign BondPairCorr
  0.63PFRCX Foreign BondPairCorr
  0.77PFRAX Pimco Foreign BondPairCorr
  0.89PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.76PFRRX Pimco Foreign BondPairCorr
  0.94PFSIX Pimco Emerging MarketsPairCorr
  0.66PFUUX Pimco Foreign BondPairCorr
  0.65PFUAX Foreign BondPairCorr
  0.66PFUIX Foreign BondPairCorr
  0.66PFUNX Pimco International BondPairCorr
  0.66PFUPX Pimco Foreign BondPairCorr
  0.99PGAPX Pimco Global MultiPairCorr
  0.99PXTIX Fundamental IndexplusPairCorr
  0.99PXTNX Pimco Rae PlusPairCorr
  0.89PGBIX Global Bond FundPairCorr

Moving against Stocksplus Mutual Fund

  0.79PWLBX Pimco Rae WorldwidePairCorr
  0.68PWLEX Pimco Rae WorldwidePairCorr
  0.63PWLMX Pimco Rae WorldwidePairCorr
  0.61PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stocksplus Mutual Fund performing well and Stocksplus Total 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 Stocksplus Total'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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