Stocksplus Fund Correlations

Mutual Funds . USA . 
Fund . Stocksplus Fund Institutional
PSTKX Fund  USD 13.53  0.03  0.22%   
The current 90-days correlation between Stocksplus Fund Inst and Blackrock Advantage Small is -0.06 (i.e., Good diversification). The correlation of Stocksplus Fund 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 Fund Correlation With Market

Almost no diversification

The correlation between Stocksplus Fund Institutional and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Fund Institutional 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 Fund Institutional. 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 industry.

Moving together with Stocksplus Mutual Fund

  0.79PFBPX Pimco Foreign BondPairCorr
  0.97PFCJX Pimco Preferred AndPairCorr
  0.97PFANX Pimco Capital SecPairCorr
  0.91PFIAX Pimco Floating IncomePairCorr
  0.91PFIIX Pimco Floating IncomePairCorr
  0.89PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.91PFNCX Pimco Floating IncomePairCorr
  0.79PFONX Pimco International BondPairCorr
  0.77PFORX Pimco Foreign BondPairCorr
  0.97PFNNX Pimco Preferred AndPairCorr
  0.93PFNIX Pimco Low DurationPairCorr
  0.89PFNUX Pimco Dynamic BondPairCorr
  0.76PFOAX Pimco Foreign BondPairCorr
  0.74PFOCX Pimco Foreign BondPairCorr
  0.75PFRAX Pimco Foreign BondPairCorr
  0.87PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.94PFTCX Short Term FundPairCorr
  0.93PFTPX Pimco Floating IncomePairCorr
  0.73PFRRX Pimco Foreign BondPairCorr
  0.93PFSIX Pimco Emerging MarketsPairCorr
  0.64PFUUX Pimco Foreign BondPairCorr
  0.64PFUAX Foreign BondPairCorr
  0.64PFUIX Foreign BondPairCorr
  0.64PFUNX Pimco International BondPairCorr
  0.64PFUPX Pimco Foreign BondPairCorr
  0.99PGAPX Pimco Global MultiPairCorr
  0.98PXTIX Fundamental IndexplusPairCorr
  0.98PXTNX Pimco Rae PlusPairCorr
  0.87PGBIX Global Bond FundPairCorr

Moving against Stocksplus Mutual Fund

  0.78PWLBX Pimco Rae WorldwidePairCorr
  0.69PWLEX Pimco Rae WorldwidePairCorr
  0.63PWLMX Pimco Rae WorldwidePairCorr
  0.62PWLIX 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 Fund 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 Fund'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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