Pimco Stocksplus Correlations

PSLDX Fund

USD 17.88 0.41 2.35%

The current 90-days correlation between Pimco Stocksplus Long and WisdomTree 9060 Balanced is 0.82 (i.e., Very poor diversification). The correlation of Pimco Stocksplus 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.

Pimco Stocksplus Correlation With Market

Very weak diversification

The correlation between Pimco Stocksplus Long and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Stocksplus Long 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 Pimco Stocksplus Long. 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 unemployment.

Moving together with Pimco Mutual Fund

0.74	PFIAX	Pimco Floating Income	Pair Corr
0.72	PFIIX	Pimco Floating Income	Pair Corr
0.78	PFNCX	Pimco Floating Income	Pair Corr
0.74	PFNIX	Pimco Low Duration	Pair Corr
0.64	PFRMX	Pimco Inflation Response	Pair Corr
0.71	PFTPX	Pimco Floating Income	Pair Corr
0.62	PFRRX	Pimco Foreign Bond	Pair Corr
0.63	PFSIX	Pimco Emerging Markets	Pair Corr
0.64	PGAPX	Pimco Global Multi	Pair Corr
0.7	PGBIX	Global Bond Fund	Pair Corr

Related Correlations Analysis

	NTSX	AGEIX	PSCSX	PISIX	GOF
NTSX		0.8	0.9	0.45	0.81	NTSX
AGEIX	0.8		0.76	0.3	0.95	AGEIX
PSCSX	0.9	0.76		0.27	0.71	PSCSX
PISIX	0.45	0.3	0.27		0.35	PISIX
GOF	0.81	0.95	0.71	0.35		GOF
	NTSX	AGEIX	PSCSX	PISIX	GOF

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Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Stocksplus 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 Pimco Stocksplus' 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
NTSX	0.58	(0.03)	(0.07)	0.08	0.69	(0.62)	1.18	(1.35)	3.33
AGEIX	0.14	0.06	(0.33)	(24.13)	0.00	(0.20)	0.43	(0.15)	0.85
PSCSX	0.94	(0.03)	0.03	0.10	0.96	(1.07)	2.18	(1.72)	8.05
PISIX	0.48	(0.03)	(0.16)	0.02	0.62	(0.50)	0.94	(1.06)	2.71
GOF	0.38	0.08	(0.03)	0.60	0.33	(0.40)	0.98	(0.83)	1.94

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Pimco Stocksplus Correlations

Pimco Stocksplus Correlation With Market

Very weak diversification

Moving together with Pimco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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