| PSSCX Fund | | | USD 6.11 0.03 0.49% |
The current 90-days correlation between Pimco Stocksplus and Stocksplus Tr Short is 0.99 (i.e., No risk reduction). 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
Pay attention - limited upside
The correlation between Pimco Stocksplus Ar and DJI is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Stocksplus Ar and DJI in the same portfolio, assuming nothing else is changed.
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Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pimco Stocksplus Ar. 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.