Stocksplus Total Correlations

Mutual Funds . USA . 
Fund . Stocksplus Total Return
PSPTX Fund  USD 12.27  0.20  1.66%   
The current 90-days correlation between Stocksplus Total Return and Pimco Small Cap is 0.92 (i.e., Almost no 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

Poor diversification

The correlation between Stocksplus Total Return and DJI is 0.76 (i.e., 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

  0.83PXTIX Fundamental IndexplusPairCorr
  0.83PXTNX Pimco Rae PlusPairCorr

Moving against Stocksplus Mutual Fund

  0.43PWLEX Pimco Rae WorldwidePairCorr
  0.4PWLBX Pimco Rae WorldwidePairCorr
  0.4PWLMX Pimco Rae WorldwidePairCorr
  0.4PFATX Pimco FundamentalPairCorr
  0.36PWLIX Pimco Rae WorldwidePairCorr
  0.36PFIIX Pimco Floating IncomePairCorr
  0.36PFIUX Pimco Unconstrained BondPairCorr
  0.35PFGCX Long Term GovernmentPairCorr
  0.34PFGAX Long Term GovernmentPairCorr
  0.33PFNCX Pimco Floating IncomePairCorr
  0.32PFIAX Pimco Floating IncomePairCorr
  0.36PFNUX Pimco Dynamic BondPairCorr
  0.36PFRCX Foreign BondPairCorr
  0.35PFNIX Pimco Low DurationPairCorr
  0.35PFTPX Pimco Floating IncomePairCorr
  0.35PFUUX Pimco Foreign BondPairCorr
  0.35PFUAX Foreign BondPairCorr
  0.35PFUIX Foreign BondPairCorr
  0.34PFSIX Pimco Emerging MarketsPairCorr
  0.33PFTCX Short Term FundPairCorr
  0.37PGOVX Long Term GovernmentPairCorr
  0.36PFUPX Pimco Foreign BondPairCorr
  0.35PFUNX Pimco International BondPairCorr
  0.33PGBIX Global Bond FundPairCorr
  0.33PGCAX Investment Grade PoratePairCorr
  0.33PGNPX Pimco Global BondPairCorr

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   
PSTKX
+ 0.94
PSCSX
PSLDX
+ 0.83
PXTIX
PSLDX
+ 0.79
PSTKX
PSTKX
+ 0.78
PXTIX
PSLDX
+ 0.62
PSCSX
PXTIX
+ 0.6
PSCSX
  
High negative correlations   
PISIX
- 0.36
PSCSX
PSTKX
- 0.12
PISIX

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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