Stocksplus Correlations

PSTIX Fund

USD 7.60 0.02 0.26%

The current 90-days correlation between Stocksplus Tr Short and Sa Emerging Markets is -0.21 (i.e., Very good diversification). The correlation of 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.

Stocksplus Correlation With Market

Pay attention - limited upside

The correlation between Stocksplus Tr Short and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Tr Short 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 Tr Short. 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 gross domestic product.

Moving together with Stocksplus Mutual Fund

0.7	PWLEX	Pimco Rae Worldwide	Pair Corr
0.66	PWLBX	Pimco Rae Worldwide	Pair Corr
0.67	PWLMX	Pimco Rae Worldwide	Pair Corr
0.65	PFNCX	Pimco Floating Income	Pair Corr
0.67	PFNIX	Pimco Low Duration	Pair Corr
0.63	PFTCX	Short Term Fund	Pair Corr
0.62	PGOVX	Long Term Government	Pair Corr
0.71	PZRAX	Pimco Rae Fundamental	Pair Corr
0.67	PZRIX	Pimco Rae Fundamental	Pair Corr

Moving against Stocksplus Mutual Fund

0.42	PFOCX	Pimco Foreign Bond	Pair Corr
0.32	PFRAX	Pimco Foreign Bond	Pair Corr
0.72	PIXCX	Fundamental Indexplus	Pair Corr
0.71	PIXAX	Fundamental Indexplus	Pair Corr

Related Correlations Analysis

	SAEMX	PIEFX	EGLNX	ANGCX	SFGIX	EMDQX	SEDIX	TEOJX
SAEMX		0.94	0.09	0.74	0.91	0.86	0.78	0.95	SAEMX
PIEFX	0.94		0.26	0.75	0.89	0.88	0.85	0.94	PIEFX
EGLNX	0.09	0.26		0.18	0.23	0.21	0.37	0.19	EGLNX
ANGCX	0.74	0.75	0.18		0.71	0.9	0.91	0.8	ANGCX
SFGIX	0.91	0.89	0.23	0.71		0.88	0.84	0.94	SFGIX
EMDQX	0.86	0.88	0.21	0.9	0.88		0.94	0.91	EMDQX
SEDIX	0.78	0.85	0.37	0.91	0.84	0.94		0.86	SEDIX
TEOJX	0.95	0.94	0.19	0.8	0.94	0.91	0.86		TEOJX
	SAEMX	PIEFX	EGLNX	ANGCX	SFGIX	EMDQX	SEDIX	TEOJX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Stocksplus Mutual Fund performing well and 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 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
SAEMX	0.58	0.04	0.09	0.27	0.77	(0.61)	1.17	(1.44)	3.59
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94
EGLNX	1.07	0.15	0.11	0.20	1.35	(1.09)	1.97	(2.00)	6.25
ANGCX	0.13	0.01	0.24	1.24	0.00	(0.23)	0.36	(0.24)	0.83
SFGIX	0.54	0.02	0.07	(0.84)	0.79	(0.53)	1.09	(1.25)	4.18
EMDQX	0.30	0.02	0.14	(3.25)	0.25	(0.43)	0.68	(0.46)	1.75
SEDIX	0.09	0.01	0.24	(0.33)	0.00	(0.16)	0.21	(0.21)	0.53
TEOJX	0.78	0.08	0.11	1.85	0.92	(0.85)	1.54	(1.53)	5.83

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