Fundamental Indexplus Correlations

PIXAX Fund

USD 20.87 0.61 3.01%

The current 90-days correlation between Fundamental Indexplus and Mfs New Discovery is 0.64 (i.e., Poor 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

Almost no diversification

The correlation between Fundamental Indexplus Tr and DJI is 0.94 (i.e., Almost no 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 nation.

Moving together with Fundamental Mutual Fund

0.69	PWLEX	Pimco Rae Worldwide	Pair Corr
0.7	PWLMX	Pimco Rae Worldwide	Pair Corr
0.7	PWLIX	Pimco Rae Worldwide	Pair Corr
0.84	PFCJX	Pimco Preferred And	Pair Corr
0.92	PFATX	Pimco Fundamental	Pair Corr
0.86	PFANX	Pimco Capital Sec	Pair Corr
0.93	PFIAX	Pimco Floating Income	Pair Corr
0.92	PFIIX	Pimco Floating Income	Pair Corr
0.9	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.86	PFINX	Pimco Capital Sec	Pair Corr
0.69	PFMIX	Municipal Bond	Pair Corr
0.93	PFNCX	Pimco Floating Income	Pair Corr
0.86	PFNNX	Pimco Preferred And	Pair Corr
0.94	PFNIX	Pimco Low Duration	Pair Corr
0.9	PFNUX	Pimco Dynamic Bond	Pair Corr
0.74	PFRCX	Foreign Bond	Pair Corr
0.83	PFRMX	Pimco Inflation Response	Pair Corr
0.87	PFPNX	Pimco Capital Sec	Pair Corr
0.91	PFTCX	Short Term Fund	Pair Corr
0.94	PFTPX	Pimco Floating Income	Pair Corr
0.89	PFSIX	Pimco Emerging Markets	Pair Corr
0.77	PFUUX	Pimco Foreign Bond	Pair Corr
0.76	PFUAX	Foreign Bond	Pair Corr
0.77	PFUIX	Foreign Bond	Pair Corr
0.77	PFUNX	Pimco International Bond	Pair Corr
0.77	PFUPX	Pimco Foreign Bond	Pair Corr
0.92	PGAPX	Pimco Global Multi	Pair Corr
1.0	PXTIX	Fundamental Indexplus	Pair Corr
1.0	PXTNX	Pimco Rae Plus	Pair Corr
0.87	PGBIX	Global Bond Fund	Pair Corr

Moving against Fundamental Mutual Fund

0.58	PFGCX	Long Term Government	Pair Corr
0.55	PFGAX	Long Term Government	Pair Corr
0.73	PGOVX	Long Term Government	Pair Corr

Related Correlations Analysis

	PXTIX	PLCIX	GGOAX	HSPCX	QRSVX	GTSCX	SMVTX	ICSCX	ARSVX	MNDAX
PXTIX		-0.2	0.9	0.84	0.93	0.96	0.93	0.97	0.91	0.87	PXTIX
PLCIX	-0.2		-0.13	0.15	-0.27	-0.18	-0.25	-0.25	-0.17	0.1	PLCIX
GGOAX	0.9	-0.13		0.73	0.72	0.93	0.9	0.84	0.94	0.78	GGOAX
HSPCX	0.84	0.15	0.73		0.82	0.84	0.78	0.87	0.75	0.99	HSPCX
QRSVX	0.93	-0.27	0.72	0.82		0.87	0.85	0.97	0.78	0.83	QRSVX
GTSCX	0.96	-0.18	0.93	0.84	0.87		0.97	0.96	0.97	0.88	GTSCX
SMVTX	0.93	-0.25	0.9	0.78	0.85	0.97		0.93	0.97	0.82	SMVTX
ICSCX	0.97	-0.25	0.84	0.87	0.97	0.96	0.93		0.89	0.9	ICSCX
ARSVX	0.91	-0.17	0.94	0.75	0.78	0.97	0.97	0.89		0.81	ARSVX
MNDAX	0.87	0.1	0.78	0.99	0.83	0.88	0.82	0.9	0.81		MNDAX
	PXTIX	PLCIX	GGOAX	HSPCX	QRSVX	GTSCX	SMVTX	ICSCX	ARSVX	MNDAX

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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

MNDAX	+ 0.99	HSPCX
ICSCX	+ 0.97	PXTIX
ICSCX	+ 0.97	QRSVX
SMVTX	+ 0.97	GTSCX
ARSVX	+ 0.97	GTSCX
ARSVX	+ 0.97	SMVTX

High negative correlations

QRSVX	- 0.27	PLCIX
ICSCX	- 0.25	PLCIX
SMVTX	- 0.25	PLCIX
PLCIX	- 0.2	PXTIX
GTSCX	- 0.18	PLCIX
ARSVX	- 0.17	PLCIX

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
PXTIX	0.73	0.16	0.21	0.23	0.47	(0.92)	2.10	(1.33)	7.69
PLCIX	0.79	(0.17)	0.00	(0.13)	0.00	0.00	1.47	(1.98)	4.83
GGOAX	1.49	0.32	0.35	0.24	0.70	(2.14)	1.54	(1.87)	39.48
HSPCX	1.31	(0.01)	0.01	0.07	1.68	(1.38)	2.67	(2.71)	7.67
QRSVX	0.69	0.10	0.12	0.18	0.52	(0.82)	1.83	(1.14)	4.49
GTSCX	0.93	0.17	0.18	0.24	0.66	(1.08)	2.37	(1.46)	8.83
SMVTX	1.02	0.35	0.34	0.52	0.45	(1.25)	2.24	(1.54)	14.97
ICSCX	0.75	0.17	0.20	0.26	0.49	(0.90)	2.14	(1.10)	4.43
ARSVX	0.88	0.20	0.22	0.38	0.45	(1.18)	2.06	(1.22)	12.55
MNDAX	0.97	(0.01)	0.00	0.07	1.11	(1.04)	1.89	(1.82)	4.94

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