Stocksplus Fund Correlations

PSTKX Fund

USD 12.34 0.04 0.32%

The current 90-days correlation between Stocksplus Fund Inst and Realestaterealreturn Strategy Fund is 0.48 (i.e., Very weak diversification). The correlation of Stocksplus Fund 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 Fund Correlation With Market

Very poor diversification

The correlation between Stocksplus Fund Institutional and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Fund Institutional 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 Fund Institutional. 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 industry.

Moving together with Stocksplus Mutual Fund

0.72	PXTIX	Fundamental Indexplus	Pair Corr
0.73	PXTNX	Pimco Rae Plus	Pair Corr

Moving against Stocksplus Mutual Fund

0.54	PFATX	Pimco Fundamental	Pair Corr
0.5	PWLEX	Pimco Rae Worldwide	Pair Corr
0.5	PWLBX	Pimco Rae Worldwide	Pair Corr
0.49	PWLMX	Pimco Rae Worldwide	Pair Corr
0.48	PFGAX	Long Term Government	Pair Corr
0.47	PWLIX	Pimco Rae Worldwide	Pair Corr
0.43	PFGCX	Long Term Government	Pair Corr
0.43	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.42	PFIIX	Pimco Floating Income	Pair Corr
0.39	PFNCX	Pimco Floating Income	Pair Corr
0.38	PFIAX	Pimco Floating Income	Pair Corr
0.43	PFNUX	Pimco Dynamic Bond	Pair Corr
0.43	PFRCX	Foreign Bond	Pair Corr
0.42	PFUUX	Pimco Foreign Bond	Pair Corr
0.42	PFUAX	Foreign Bond	Pair Corr
0.42	PFUIX	Foreign Bond	Pair Corr
0.41	PFNIX	Pimco Low Duration	Pair Corr
0.41	PFTPX	Pimco Floating Income	Pair Corr
0.4	PFSIX	Pimco Emerging Markets	Pair Corr
0.38	PFTCX	Short Term Fund	Pair Corr
0.46	PGOVX	Long Term Government	Pair Corr
0.43	PFUPX	Pimco Foreign Bond	Pair Corr
0.42	PFUNX	Pimco International Bond	Pair Corr
0.42	PGCAX	Investment Grade Porate	Pair Corr
0.4	PGBIX	Global Bond Fund	Pair Corr
0.4	PGNPX	Pimco Global Bond	Pair Corr

Related Correlations Analysis

	PRRSX	PGOVX	PCCOX	BDSIX	PEBIX
PRRSX		0.69	0.08	-0.13	0.75	PRRSX
PGOVX	0.69		-0.52	-0.62	0.94	PGOVX
PCCOX	0.08	-0.52		0.92	-0.46	PCCOX
BDSIX	-0.13	-0.62	0.92		-0.56	BDSIX
PEBIX	0.75	0.94	-0.46	-0.56		PEBIX
	PRRSX	PGOVX	PCCOX	BDSIX	PEBIX

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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

PEBIX	+ 0.94	PGOVX
BDSIX	+ 0.92	PCCOX
PEBIX	+ 0.75	PRRSX
PGOVX	+ 0.69	PRRSX
PCCOX	+ 0.08	PRRSX

High negative correlations

BDSIX	- 0.62	PGOVX
PEBIX	- 0.56	BDSIX
PCCOX	- 0.52	PGOVX
PEBIX	- 0.46	PCCOX
BDSIX	- 0.13	PRRSX

Risk-Adjusted Indicators

There is a big difference between Stocksplus Mutual Fund performing well and Stocksplus Fund 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 Fund'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
PRRSX	0.88	0.05	0.04	0.06	1.15	(0.86)	1.65	(1.82)	4.65
PGOVX	0.58	0.00	0.01	(0.03)	0.67	(0.62)	1.52	(1.07)	3.03
PCCOX	0.81	(0.05)	0.00	(0.05)	0.00	0.00	1.65	(1.81)	4.71
BDSIX	1.02	(0.15)	0.00	1.06	0.00	0.00	2.05	(2.73)	5.14
PEBIX	0.23	0.02	0.08	(0.25)	0.19	(0.28)	0.59	(0.47)	1.32

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