Fundamental Indexplus Correlations

PXTIX Fund

USD 19.20 0.10 0.52%

The current 90-days correlation between Fundamental Indexplus and Pimco Em Fundamental is 0.32 (i.e., Weak diversification). The correlation of Fundamental Indexplus 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.

Fundamental Indexplus Correlation With Market

Poor diversification

The correlation between Fundamental Indexplus Tr and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Indexplus Tr 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 Fundamental Indexplus Tr. 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 Fundamental Mutual Fund

0.62	PFBPX	Pimco Foreign Bond	Pair Corr
0.62	PFONX	Pimco International Bond	Pair Corr
0.62	PFORX	Pimco Foreign Bond	Pair Corr
0.62	PFOAX	Pimco Foreign Bond	Pair Corr
0.61	PFOCX	Pimco Foreign Bond	Pair Corr
0.62	PFRAX	Pimco Foreign Bond	Pair Corr
0.79	PGAPX	Pimco Global Multi	Pair Corr
1.0	PXTNX	Pimco Rae Plus	Pair Corr

Related Correlations Analysis

	PEFIX	PAIDX	PSCSX	PISIX	PRAIX
PEFIX		0.68	-0.51	0.74	0.66	PEFIX
PAIDX	0.68		-0.66	0.85	0.73	PAIDX
PSCSX	-0.51	-0.66		-0.34	-0.41	PSCSX
PISIX	0.74	0.85	-0.34		0.84	PISIX
PRAIX	0.66	0.73	-0.41	0.84		PRAIX
	PEFIX	PAIDX	PSCSX	PISIX	PRAIX

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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

PISIX	+ 0.85	PAIDX
PRAIX	+ 0.84	PISIX
PISIX	+ 0.74	PEFIX
PRAIX	+ 0.73	PAIDX
PAIDX	+ 0.68	PEFIX
PRAIX	+ 0.66	PEFIX

High negative correlations

PSCSX	- 0.66	PAIDX
PSCSX	- 0.51	PEFIX
PRAIX	- 0.41	PSCSX
PISIX	- 0.34	PSCSX

Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Indexplus 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 Fundamental Indexplus' 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
PEFIX	0.59	0.04	0.05	0.34	0.79	(0.63)	1.30	(1.52)	3.51
PAIDX	0.04	0.01	0.00	(0.59)	0.00	0.00	0.10	0.00	0.51
PSCSX	1.00	(0.16)	0.00	(0.13)	0.00	0.00	1.76	(2.74)	5.23
PISIX	0.58	0.09	0.10	0.47	0.77	(0.59)	1.01	(1.46)	3.08
PRAIX	0.61	0.00	0.00	0.00	0.78	(0.60)	1.43	(1.35)	3.51

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