Stocksplus Total Correlations

PTOAX Fund

USD 12.56 0.01 0.08%

The current 90-days correlation between Stocksplus Total Return and Black Oak Emerging is 0.55 (i.e., Very weak 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

Very weak diversification

The correlation between Stocksplus Total Return and DJI is 0.57 (i.e., Very weak 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 nation.

Moving together with Stocksplus Mutual Fund

0.65	PFTCX	Short Term Fund	Pair Corr
0.78	PXTIX	Fundamental Indexplus	Pair Corr
0.79	PXTNX	Pimco Rae Plus	Pair Corr

Moving against Stocksplus Mutual Fund

0.61	PFGAX	Long Term Government	Pair Corr
0.61	PFGCX	Long Term Government	Pair Corr
0.69	PFUAX	Foreign Bond	Pair Corr
0.69	PFUIX	Foreign Bond	Pair Corr
0.67	PFRCX	Foreign Bond	Pair Corr
0.67	PFUUX	Pimco Foreign Bond	Pair Corr
0.59	PFSIX	Pimco Emerging Markets	Pair Corr
0.45	PFRMX	Pimco Inflation Response	Pair Corr
0.69	PFUNX	Pimco International Bond	Pair Corr
0.69	PFUPX	Pimco Foreign Bond	Pair Corr
0.61	PGOVX	Long Term Government	Pair Corr
0.57	PGSAX	Pimco Global Advantage	Pair Corr
0.55	PGCAX	Investment Grade Porate	Pair Corr
0.34	PGNPX	Pimco Global Bond	Pair Corr

Related Correlations Analysis

	BOGSX	EMCIX	PIEFX	BXECX	EMSLX	ANGCX	RYAHX	EPASX
BOGSX		0.36	0.24	-0.43	-0.19	-0.64	0.83	-0.09	BOGSX
EMCIX	0.36		0.49	0.3	0.28	-0.01	0.24	0.54	EMCIX
PIEFX	0.24	0.49		0.34	0.85	-0.08	-0.21	0.9	PIEFX
BXECX	-0.43	0.3	0.34		0.65	0.8	-0.49	0.65	BXECX
EMSLX	-0.19	0.28	0.85	0.65		0.26	-0.54	0.93	EMSLX
ANGCX	-0.64	-0.01	-0.08	0.8	0.26		-0.54	0.25	ANGCX
RYAHX	0.83	0.24	-0.21	-0.49	-0.54	-0.54		-0.45	RYAHX
EPASX	-0.09	0.54	0.9	0.65	0.93	0.25	-0.45		EPASX
	BOGSX	EMCIX	PIEFX	BXECX	EMSLX	ANGCX	RYAHX	EPASX

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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

EPASX	+ 0.93	EMSLX
EPASX	+ 0.9	PIEFX
EMSLX	+ 0.85	PIEFX
RYAHX	+ 0.83	BOGSX
ANGCX	+ 0.8	BXECX
EMSLX	+ 0.65	BXECX

High negative correlations

ANGCX	- 0.64	BOGSX
RYAHX	- 0.54	ANGCX
RYAHX	- 0.54	EMSLX
RYAHX	- 0.49	BXECX
EPASX	- 0.45	RYAHX
BXECX	- 0.43	BOGSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOGSX	0.88	(0.01)	0.00	0.08	1.05	(0.96)	1.65	(1.81)	5.68
EMCIX	0.17	0.02	(0.35)	(0.53)	0.00	(0.30)	0.52	(0.17)	0.88
PIEFX	0.69	0.01	(0.05)	0.10	0.79	(0.84)	1.82	(1.32)	4.54
BXECX	0.23	(0.02)	(0.30)	(0.08)	0.25	(0.34)	0.65	(0.40)	1.45
EMSLX	0.73	0.00	(0.08)	0.06	1.07	(0.75)	1.76	(1.08)	6.36
ANGCX	0.09	(0.02)	0.00	1.62	0.00	0.00	0.12	(0.23)	0.70
RYAHX	1.01	0.04	0.09	0.11	0.77	(1.13)	2.49	(1.53)	7.83
EPASX	0.71	0.03	(0.06)	(1.82)	0.93	(0.77)	1.52	(1.70)	6.47

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