Stocksplus Total Correlations

PTOAX Fund  USD 12.67  0.08  0.64%   
The current 90-days correlation between Stocksplus Total Return and Pimco Rae Worldwide is 0.19 (i.e., Average 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

Good diversification

The correlation between Stocksplus Total Return and DJI is -0.07 (i.e., Good 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 nation.

Moving together with Stocksplus Mutual Fund

  0.8PFBPX Pimco Foreign BondPairCorr
  0.97PFCJX Pimco Preferred AndPairCorr
  0.97PFANX Pimco Capital SecPairCorr
  0.93PFIAX Pimco Floating IncomePairCorr
  0.92PFIIX Pimco Floating IncomePairCorr
  0.89PFIUX Pimco Unconstrained BondPairCorr
  0.97PFINX Pimco Capital SecPairCorr
  0.92PFNCX Pimco Floating IncomePairCorr
  0.78PFONX Pimco International BondPairCorr
  0.78PFORX Pimco Foreign BondPairCorr
  0.96PFNNX Pimco Preferred AndPairCorr
  0.94PFNIX Pimco Low DurationPairCorr
  0.89PFNUX Pimco Dynamic BondPairCorr
  0.78PFOAX Pimco Foreign BondPairCorr
  0.76PFOCX Pimco Foreign BondPairCorr
  0.63PFRCX Foreign BondPairCorr
  0.75PFRAX Pimco Foreign BondPairCorr
  0.88PFRMX Pimco Inflation ResponsePairCorr
  0.97PFPNX Pimco Capital SecPairCorr
  0.95PFTCX Short Term FundPairCorr
  0.94PFTPX Pimco Floating IncomePairCorr
  0.77PFRRX Pimco Foreign BondPairCorr
  0.94PFSIX Pimco Emerging MarketsPairCorr
  0.68PFUUX Pimco Foreign BondPairCorr
  0.66PFUAX Foreign BondPairCorr
  0.68PFUIX Foreign BondPairCorr
  0.68PFUNX Pimco International BondPairCorr
  0.68PFUPX Pimco Foreign BondPairCorr
  0.98PGAPX Pimco Global MultiPairCorr
  0.98PXTIX Fundamental IndexplusPairCorr
  0.99PXTNX Pimco Rae PlusPairCorr
  0.88PGBIX Global Bond FundPairCorr

Moving against Stocksplus Mutual Fund

  0.76PWLBX Pimco Rae WorldwidePairCorr
  0.61PWLEX Pimco Rae WorldwidePairCorr
  0.55PWLMX Pimco Rae WorldwidePairCorr
  0.53PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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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   
PFANXPFCJX
PWLIXPWLEX
PWLIXPWLMX
PWLMXPWLEX
PFCJXPFBPX
PFANXPFBPX
  
High negative correlations   
PFANXPWLBX
PFCJXPWLBX
PFBPXPWLBX
PFANXPWLEX
PFCJXPWLEX
PFANXPWLMX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWLEX  0.40  0.00 (0.25) 0.12  0.47 
 0.94 
 2.43 
PWLBX  0.45 (0.06) 0.00 (1.09) 0.00 
 0.94 
 4.42 
PWLMX  0.39  0.00 (0.27) 0.07  0.43 
 1.07 
 2.40 
PWLIX  0.42  0.01 (0.25) 0.04  0.47 
 0.93 
 2.54 
PFBPX  0.15  0.03 (0.51)(1.97) 0.00 
 0.41 
 0.82 
PFCJX  0.14  0.07 (0.38)(3.08) 0.00 
 0.34 
 0.89 
PFATX  0.35 (0.01)(0.22)(0.02) 0.45 
 0.78 
 2.84 
PFANX  0.13  0.07 (0.36)(2.92) 0.00 
 0.33 
 1.11 
PFGAX  0.62 (0.01)(0.16)(0.94) 0.78 
 1.11 
 2.89 
PFGCX  0.62 (0.05) 0.00 (0.07) 0.00 
 1.11 
 2.88