Stocksplus Correlations

Mutual Funds . USA . 
Fund . Stocksplus Tr Short
PSTIX Fund  USD 6.51  0.01  0.15%   
The current 90-days correlation between Stocksplus Tr Short and The Gabelli Global is -0.57 (i.e., Excellent 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

Pay attention - limited upside

The correlation between Stocksplus Tr Short and DJI is -0.75 (i.e., Pay attention - limited upside) 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

  0.62PFCJX Pimco Preferred AndPairCorr
  0.61PFANX Pimco Capital SecPairCorr
  0.59PFINX Pimco Capital SecPairCorr
  0.45PFNCX Pimco Floating IncomePairCorr
  0.44PFIIX Pimco Floating IncomePairCorr
  0.42PFBPX Pimco Foreign BondPairCorr
  0.42PFIAX Pimco Floating IncomePairCorr
  0.42PFIUX Pimco Unconstrained BondPairCorr
  0.42PFONX Pimco International BondPairCorr
  0.36PFMIX Municipal BondPairCorr
  0.61PFPNX Pimco Capital SecPairCorr
  0.61PGMCX Pimco Global MultiPairCorr
  0.6PGAPX Pimco Global MultiPairCorr
  0.6PGAIX Pimco Global MultiPairCorr
  0.6PGMAX Pimco Global MultiPairCorr
  0.5PFUAX Foreign BondPairCorr
  0.49PFUIX Foreign BondPairCorr
  0.47PFRMX Pimco Inflation ResponsePairCorr
  0.47PGBIX Global Bond FundPairCorr
  0.44PFRCX Foreign BondPairCorr
  0.43PFNUX Pimco Dynamic BondPairCorr
  0.42PFORX Pimco Foreign BondPairCorr
  0.42PFNIX Pimco Low DurationPairCorr
  0.34PFOAX Pimco Foreign BondPairCorr
  0.32PFTCX Short Term FundPairCorr
  0.55PHDCX High Yield FundPairCorr
  0.55PHSAX Pimco High YieldPairCorr
  0.55PHYAX High Yield FundPairCorr
  0.55PHYRX High Yield FundPairCorr
  0.54PHSIX Pimco High YieldPairCorr
  0.53PHFNX Pimco High YieldPairCorr

Related Correlations Analysis


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.

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