Stocksplus Correlations

PSTIX Fund

USD 6.53 0.03 0.46%

The current 90-days correlation between Stocksplus Tr Short and Long Term Government Fund is -0.17 (i.e., Good diversification). The correlation of 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.

Stocksplus Correlation With Market

Excellent diversification

The correlation between Stocksplus Tr Short and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Tr Short 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 Tr Short. 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 against Stocksplus Mutual Fund

0.46	PFIAX	Pimco Floating Income	Pair Corr
0.46	PFIIX	Pimco Floating Income	Pair Corr
0.44	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.43	PFNCX	Pimco Floating Income	Pair Corr
0.38	PFANX	Pimco Capital Sec	Pair Corr
0.36	PFONX	Pimco International Bond	Pair Corr
0.35	PFCJX	Pimco Preferred And	Pair Corr
0.34	PFINX	Pimco Capital Sec	Pair Corr
0.49	PFNIX	Pimco Low Duration	Pair Corr
0.49	PFTPX	Pimco Floating Income	Pair Corr
0.48	PFUAX	Foreign Bond	Pair Corr
0.48	PFUIX	Foreign Bond	Pair Corr
0.47	PFUUX	Pimco Foreign Bond	Pair Corr
0.44	PFNUX	Pimco Dynamic Bond	Pair Corr
0.44	PFSIX	Pimco Emerging Markets	Pair Corr
0.43	PFNNX	Pimco Preferred And	Pair Corr
0.43	PFPNX	Pimco Capital Sec	Pair Corr
0.42	PFRCX	Foreign Bond	Pair Corr
0.38	PFTCX	Short Term Fund	Pair Corr
0.34	PFRMX	Pimco Inflation Response	Pair Corr
0.32	PFRRX	Pimco Foreign Bond	Pair Corr
0.53	PGAIX	Pimco Global Multi	Pair Corr
0.52	PGNPX	Pimco Global Bond	Pair Corr
0.51	PXTNX	Pimco Rae Plus	Pair Corr
0.5	PGBIX	Global Bond Fund	Pair Corr
0.48	PFUNX	Pimco International Bond	Pair Corr
0.48	PFUPX	Pimco Foreign Bond	Pair Corr

Related Correlations Analysis

	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX
PWLEX		0.79	1.0	1.0	0.73	0.82	0.86	0.77	-0.06	-0.17	PWLEX
PWLBX	0.79		0.78	0.78	0.39	0.44	0.54	0.51	0.07	-0.03	PWLBX
PWLMX	1.0	0.78		1.0	0.74	0.83	0.86	0.78	-0.06	-0.17	PWLMX
PWLIX	1.0	0.78	1.0		0.74	0.83	0.86	0.77	-0.07	-0.17	PWLIX
PFBPX	0.73	0.39	0.74	0.74		0.87	0.73	0.81	0.16	0.08	PFBPX
PFCJX	0.82	0.44	0.83	0.83	0.87		0.88	0.91	-0.12	-0.2	PFCJX
PFATX	0.86	0.54	0.86	0.86	0.73	0.88		0.79	-0.25	-0.34	PFATX
PFANX	0.77	0.51	0.78	0.77	0.81	0.91	0.79		-0.1	-0.21	PFANX
PFGAX	-0.06	0.07	-0.06	-0.07	0.16	-0.12	-0.25	-0.1		0.97	PFGAX
PFGCX	-0.17	-0.03	-0.17	-0.17	0.08	-0.2	-0.34	-0.21	0.97		PFGCX
	PWLEX	PWLBX	PWLMX	PWLIX	PFBPX	PFCJX	PFATX	PFANX	PFGAX	PFGCX

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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

PWLMX	+ 1.0	PWLEX
PWLIX	+ 1.0	PWLEX
PWLIX	+ 1.0	PWLMX
PFGCX	+ 0.97	PFGAX
PFANX	+ 0.91	PFCJX
PFATX	+ 0.88	PFCJX

High negative correlations

PFGCX	- 0.34	PFATX
PFGAX	- 0.25	PFATX
PFGCX	- 0.21	PFANX
PFGCX	- 0.2	PFCJX
PFGCX	- 0.17	PWLIX
PFGCX	- 0.17	PWLMX

Risk-Adjusted Indicators

There is a big difference between Stocksplus Mutual Fund performing well and 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 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
PWLEX	0.37	0.11	0.04	1.78	0.09	(0.50)	0.94	(0.55)	2.23
PWLBX	0.40	0.07	(0.05)	(1.86)	0.38	(0.52)	1.08	(0.55)	2.97
PWLMX	0.37	0.11	0.05	1.61	0.00	(0.52)	1.07	(0.55)	2.33
PWLIX	0.38	0.11	0.05	1.60	0.03	(0.52)	1.07	(0.55)	2.33
PFBPX	0.11	0.00	(0.44)	0.04	0.06	(0.16)	0.20	(0.20)	0.71
PFCJX	0.09	0.01	(0.40)	0.43	0.00	(0.14)	0.21	(0.21)	0.83
PFATX	0.51	0.14	0.12	0.72	0.23	(0.65)	1.29	(0.84)	2.33
PFANX	0.09	0.02	(0.37)	1.77	0.00	(0.14)	0.21	(0.10)	0.82
PFGAX	0.35	(0.01)	(0.19)	0.02	0.42	(0.40)	0.58	(0.71)	1.72
PFGCX	0.33	(0.03)	0.00	(0.10)	0.00	0.00	0.57	(0.71)	1.72

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