Total Return Correlations

PTTCX Fund

USD 8.61 0.05 0.58%

The current 90-days correlation between Total Return and Oppenheimer International Diversified is 0.08 (i.e., Significant diversification). The correlation of Total Return 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.

Total Return Correlation With Market

Average diversification

The correlation between Total Return Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Return 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 Total Return 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 main economic indicators.

Moving together with Total Mutual Fund

0.76	PFGAX	Long Term Government	Pair Corr
0.75	PFGCX	Long Term Government	Pair Corr
0.87	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.88	PFOCX	Pimco Foreign Bond	Pair Corr
0.85	PFRAX	Pimco Foreign Bond	Pair Corr
0.76	PFSIX	Pimco Emerging Markets	Pair Corr
0.78	PFUUX	Pimco Foreign Bond	Pair Corr
0.61	PGMCX	Pimco Global Multi	Pair Corr
0.66	PHIYX	High Yield Fund	Pair Corr
0.9	PIINX	Pimco Income	Pair Corr
0.77	PIMIX	Pimco Income	Pair Corr
0.91	PIPNX	Pimco Income	Pair Corr
0.62	PIXCX	Fundamental Indexplus	Pair Corr
0.94	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.91	PONAX	Pimco Income	Pair Corr
0.91	PONCX	Pimco Income	Pair Corr
0.78	PONRX	Pimco Income	Pair Corr
0.9	PONPX	Pimco Incme Fund	Pair Corr
0.68	PAALX	All Asset Fund	Pair Corr
0.69	PAANX	Pimco All Asset	Pair Corr
0.64	PAIAX	Pimco Short Asset	Pair Corr
0.62	PAIPX	Pimco Short Asset	Pair Corr
0.62	PAIQX	Pimco Short Asset	Pair Corr
0.62	PAMSX	Pimco Short Asset	Pair Corr
0.69	PALPX	Pimco All Asset	Pair Corr
0.68	PASCX	All Asset Fund	Pair Corr

Moving against Total Mutual Fund

0.56	PWLBX	Pimco Rae Worldwide	Pair Corr
0.49	PSTIX	Stocksplus Tr Short	Pair Corr

Related Correlations Analysis

	OIDAX	MCKSX	ACV	PGBAX	DIFIX	MNELX
OIDAX		0.98	0.75	0.94	0.97	0.98	OIDAX
MCKSX	0.98		0.7	0.98	0.99	1.0	MCKSX
ACV	0.75	0.7		0.65	0.7	0.69	ACV
PGBAX	0.94	0.98	0.65		0.98	0.98	PGBAX
DIFIX	0.97	0.99	0.7	0.98		0.98	DIFIX
MNELX	0.98	1.0	0.69	0.98	0.98		MNELX
	OIDAX	MCKSX	ACV	PGBAX	DIFIX	MNELX

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Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Return 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 Total Return'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OIDAX	0.64	0.30	0.35	0.78	0.00	(0.86)	1.64	(0.86)	7.75
MCKSX	0.33	0.14	0.13	0.65	0.00	(0.41)	0.86	(0.71)	4.18
ACV	1.01	0.23	0.07	1.50	1.73	(0.96)	1.85	(2.65)	10.78
PGBAX	0.14	0.05	(0.16)	2.94	0.00	(0.19)	0.34	(0.25)	1.04
DIFIX	0.26	0.10	0.05	0.78	0.00	(0.33)	0.60	(0.51)	2.12
MNELX	0.38	0.15	0.14	0.58	0.00	(0.45)	0.93	(0.73)	5.52

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