Stocksplus Total Correlations

PTOAX Fund

USD 13.06 0.06 0.46%

The current 90-days correlation between Stocksplus Total Return and Vanguard Strategic Small Cap is 0.8 (i.e., Very poor diversification). The correlation of Stocksplus Total 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 Total Correlation With Market

Very poor diversification

The correlation between Stocksplus Total Return and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Total Return 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 Total Return. 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 Stocksplus Mutual Fund

0.69	PFCJX	Pimco Preferred And	Pair Corr
0.73	PFANX	Pimco Capital Sec	Pair Corr
0.85	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.73	PFNNX	Pimco Preferred And	Pair Corr
0.85	PFNUX	Pimco Dynamic Bond	Pair Corr
0.74	PFPNX	Pimco Capital Sec	Pair Corr
0.81	PFTCX	Short Term Fund	Pair Corr
0.83	PGAPX	Pimco Global Multi	Pair Corr
0.91	PXTIX	Fundamental Indexplus	Pair Corr

Moving against Stocksplus Mutual Fund

0.77	PFGCX	Long Term Government	Pair Corr
0.76	PFGAX	Long Term Government	Pair Corr
0.68	PFRCX	Foreign Bond	Pair Corr
0.67	PFUUX	Pimco Foreign Bond	Pair Corr
0.64	PFUAX	Foreign Bond	Pair Corr
0.64	PFUIX	Foreign Bond	Pair Corr
0.44	PFATX	Pimco Fundamental	Pair Corr
0.35	PFSIX	Pimco Emerging Markets	Pair Corr
0.76	PGOVX	Long Term Government	Pair Corr
0.64	PFUNX	Pimco International Bond	Pair Corr
0.64	PFUPX	Pimco Foreign Bond	Pair Corr
0.6	PGCAX	Investment Grade Porate	Pair Corr
0.59	PIGIX	Investment Grade Porate	Pair Corr
0.32	PIMIX	Pimco Income	Pair Corr

Related Correlations Analysis

	VSTCX	CIPNX	TVOYX	BSGSX	RLESX	GMAWX	HSCYX	QUAIX
VSTCX		0.96	1.0	0.96	0.99	0.87	0.98	0.95	VSTCX
CIPNX	0.96		0.96	0.91	0.96	0.77	0.93	0.86	CIPNX
TVOYX	1.0	0.96		0.95	0.99	0.86	0.98	0.94	TVOYX
BSGSX	0.96	0.91	0.95		0.93	0.91	0.94	0.94	BSGSX
RLESX	0.99	0.96	0.99	0.93		0.86	0.99	0.94	RLESX
GMAWX	0.87	0.77	0.86	0.91	0.86		0.88	0.89	GMAWX
HSCYX	0.98	0.93	0.98	0.94	0.99	0.88		0.97	HSCYX
QUAIX	0.95	0.86	0.94	0.94	0.94	0.89	0.97		QUAIX
	VSTCX	CIPNX	TVOYX	BSGSX	RLESX	GMAWX	HSCYX	QUAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Stocksplus Mutual Fund performing well and Stocksplus Total 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 Total's 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
VSTCX	0.87	(0.02)	0.04	0.11	0.85	(0.95)	1.81	(1.52)	6.89
CIPNX	0.83	(0.01)	0.03	0.11	0.88	(0.88)	1.72	(1.65)	7.22
TVOYX	0.80	(0.02)	0.02	0.11	0.68	(0.96)	1.70	(1.42)	6.73
BSGSX	0.79	0.18	0.08	0.83	0.83	(0.87)	1.90	(1.52)	5.09
RLESX	0.88	(0.05)	0.00	0.08	0.89	(0.98)	2.10	(1.56)	7.12
GMAWX	0.81	0.10	0.00	0.74	0.87	(0.90)	1.82	(1.58)	6.60
HSCYX	0.89	(0.04)	0.00	0.09	0.99	(0.95)	1.77	(1.57)	6.60
QUAIX	0.93	0.01	0.05	0.13	1.02	(1.00)	1.92	(2.14)	6.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC