Short-term Fund Correlations

PTSRX Fund

USD 9.69 0.00 0.00%

The current 90-days correlation between Short Term Fund and Mid Cap Growth Profund is -0.04 (i.e., Good diversification). The correlation of Short-term 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.

Short-term Fund Correlation With Market

Good diversification

The correlation between Short Term Fund R and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Fund R 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 Short Term Fund R. 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 metropolitan statistical area.

Moving together with SHORT-TERM Mutual Fund

0.81	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.99	PFTCX	Short Term Fund	Pair Corr
0.73	PHIYX	High Yield Fund	Pair Corr
0.77	PHSIX	Pimco High Yield	Pair Corr
0.81	PIPAX	Pimco International	Pair Corr
0.99	PAIDX	Pimco Short Asset	Pair Corr
0.9	PAIQX	Pimco Short Asset	Pair Corr
1.0	PSFAX	Short Term Fund	Pair Corr

Moving against SHORT-TERM Mutual Fund

0.4	PFGCX	Long Term Government	Pair Corr
0.38	PFGAX	Long Term Government	Pair Corr
0.37	PGOVX	Long Term Government	Pair Corr
0.44	PNRNX	Pimco Realestaterealre	Pair Corr
0.34	PSPTX	Stocksplus Total Return	Pair Corr
0.32	PLRPX	Pimco Long Duration	Pair Corr
0.31	PLRIX	Pimco Long Term	Pair Corr

Related Correlations Analysis

	MGPSX	FCPVX	AFDVX	PVCMX	BPSCX	WBVNX
MGPSX		0.95	0.96	0.84	0.88	0.95	MGPSX
FCPVX	0.95		0.96	0.75	0.84	0.9	FCPVX
AFDVX	0.96	0.96		0.85	0.93	0.96	AFDVX
PVCMX	0.84	0.75	0.85		0.87	0.93	PVCMX
BPSCX	0.88	0.84	0.93	0.87		0.95	BPSCX
WBVNX	0.95	0.9	0.96	0.93	0.95		WBVNX
	MGPSX	FCPVX	AFDVX	PVCMX	BPSCX	WBVNX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between SHORT-TERM Mutual Fund performing well and Short-term 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 Short-term 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MGPSX	0.74	(0.08)	(0.12)	1.45	(1.43)	5.45
FCPVX	0.76	(0.07)	(0.09)	1.53	(1.67)	5.52
AFDVX	0.73	(0.11)	(0.15)	1.44	(1.40)	5.36
PVCMX	0.19	(0.05)	(0.59)	0.25	(0.33)	3.11
BPSCX	0.93	(0.20)	(0.25)	1.57	(1.37)	14.47
WBVNX	0.82	(0.12)	(0.20)	1.61	(1.82)	5.83

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