Pimco Stocksplus Correlations

PSLDX Fund

USD 15.96 0.14 0.88%

The current 90-days correlation between Pimco Stocksplus Long and WisdomTree 9060 Balanced is 0.91 (i.e., Almost no diversification). The correlation of Pimco Stocksplus 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 Stocksplus Correlation With Market

Significant diversification

The correlation between Pimco Stocksplus Long and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Stocksplus Long 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 Stocksplus Long. 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 unemployment.

Moving together with Pimco Mutual Fund

0.76	PFBPX	Pimco Foreign Bond	Pair Corr
0.61	PFANX	Pimco Capital Sec	Pair Corr
0.65	PFONX	Pimco International Bond	Pair Corr
0.76	PFORX	Pimco Foreign Bond	Pair Corr
0.66	PFOAX	Pimco Foreign Bond	Pair Corr
0.8	PFOCX	Pimco Foreign Bond	Pair Corr
0.74	PFRAX	Pimco Foreign Bond	Pair Corr
0.78	PFRRX	Pimco Foreign Bond	Pair Corr
0.71	PGAPX	Pimco Global Multi	Pair Corr
0.89	PXTIX	Fundamental Indexplus	Pair Corr
0.76	PXTNX	Pimco Rae Plus	Pair Corr

Related Correlations Analysis

	NTSX	AGEIX	PSCSX	PISIX	GOF
NTSX		0.1	0.88	0.05	-0.29	NTSX
AGEIX	0.1		-0.19	0.74	0.47	AGEIX
PSCSX	0.88	-0.19		-0.36	-0.66	PSCSX
PISIX	0.05	0.74	-0.36		0.84	PISIX
GOF	-0.29	0.47	-0.66	0.84		GOF
	NTSX	AGEIX	PSCSX	PISIX	GOF

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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

PSCSX	+ 0.88	NTSX
GOF	+ 0.84	PISIX
PISIX	+ 0.74	AGEIX
GOF	+ 0.47	AGEIX
AGEIX	+ 0.1	NTSX
PISIX	+ 0.05	NTSX

High negative correlations

GOF	- 0.66	PSCSX
PISIX	- 0.36	PSCSX
GOF	- 0.29	NTSX
PSCSX	- 0.19	AGEIX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Stocksplus 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 Stocksplus' 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
NTSX	0.77	(0.06)	0.00	1.52	0.00	0.00	1.61	(1.50)	4.85
AGEIX	0.13	0.03	0.32	(4.88)	0.00	(0.19)	0.29	(0.28)	0.72
PSCSX	0.98	(0.13)	0.00	1.58	0.00	0.00	1.86	(2.69)	5.47
PISIX	0.56	0.13	0.18	0.51	0.62	(0.60)	1.01	(1.11)	3.08
GOF	0.43	0.12	0.22	14.90	0.38	(0.46)	0.97	(1.01)	2.89

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