Stocksplus Total Correlations

PTOAX Fund

USD 12.34 0.01 0.08%

The current 90-days correlation between Stocksplus Total Return and Allianzgi Focused Growth is 0.08 (i.e., Significant 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 0.87 (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

0.63	PWLMX	Pimco Rae Worldwide	Pair Corr
0.66	PWLIX	Pimco Rae Worldwide	Pair Corr
0.76	PFANX	Pimco Capital Sec	Pair Corr
0.86	PFIAX	Pimco Floating Income	Pair Corr
0.88	PFIIX	Pimco Floating Income	Pair Corr
0.77	PFINX	Pimco Capital Sec	Pair Corr
0.86	PFNIX	Pimco Low Duration	Pair Corr
0.8	PFTCX	Short Term Fund	Pair Corr
0.86	PFTPX	Pimco Floating Income	Pair Corr
0.85	PFSIX	Pimco Emerging Markets	Pair Corr
0.84	PHFNX	Pimco High Yield	Pair Corr
0.86	PHIYX	High Yield Fund	Pair Corr
0.86	PZCRX	Pimco Credit Absolute	Pair Corr
0.85	PHSIX	Pimco High Yield	Pair Corr
0.88	PZRPX	Pimco Rae Fundamental	Pair Corr
0.84	PIPAX	Pimco International	Pair Corr
0.74	PIRMX	Pimco Inflation Response	Pair Corr
0.86	PISIX	Pimco International	Pair Corr
0.84	ATMAX	Pimco Unconstrained Tax	Pair Corr
0.85	ATMCX	Pimco Unconstrained Tax	Pair Corr
0.63	PMBIX	Total Return	Pair Corr
0.92	PMJIX	Pimco Rae Fundamental Potential Growth	Pair Corr
0.92	PMJPX	Pimco Rae Fundamental Potential Growth	Pair Corr
0.72	PMNPX	Pimco National Inter	Pair Corr
0.84	FXICX	Fixed Income Shares	Pair Corr
0.62	PNYIX	New York Municipal	Pair Corr

Moving against Stocksplus Mutual Fund

0.59

PFGAX

Long Term Government

Pair Corr

Related Correlations Analysis

	PSPTX	GRISX	CLCRX	RCTIX	SVSPX	GCMAX	AMKIX	SMBYX	PCCOX	PGFIX
PSPTX		0.89	0.78	0.85	0.75	0.95	0.67	0.96	0.81	0.01	PSPTX
GRISX	0.89		0.83	0.81	0.87	0.88	0.81	0.9	0.91	0.18	GRISX
CLCRX	0.78	0.83		0.68	0.94	0.68	0.59	0.76	0.94	0.53	CLCRX
RCTIX	0.85	0.81	0.68		0.62	0.86	0.53	0.85	0.65	-0.12	RCTIX
SVSPX	0.75	0.87	0.94	0.62		0.69	0.75	0.79	0.99	0.48	SVSPX
GCMAX	0.95	0.88	0.68	0.86	0.69		0.72	0.96	0.75	-0.13	GCMAX
AMKIX	0.67	0.81	0.59	0.53	0.75	0.72		0.73	0.78	-0.03	AMKIX
SMBYX	0.96	0.9	0.76	0.85	0.79	0.96	0.73		0.84	-0.04	SMBYX
PCCOX	0.81	0.91	0.94	0.65	0.99	0.75	0.78	0.84		0.43	PCCOX
PGFIX	0.01	0.18	0.53	-0.12	0.48	-0.13	-0.03	-0.04	0.43		PGFIX
	PSPTX	GRISX	CLCRX	RCTIX	SVSPX	GCMAX	AMKIX	SMBYX	PCCOX	PGFIX

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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

PCCOX	+ 0.99	SVSPX
SMBYX	+ 0.96	PSPTX
SMBYX	+ 0.96	GCMAX
GCMAX	+ 0.95	PSPTX
SVSPX	+ 0.94	CLCRX
PCCOX	+ 0.94	CLCRX

High negative correlations

PGFIX	- 0.13	GCMAX
PGFIX	- 0.12	RCTIX
PGFIX	- 0.04	SMBYX
PGFIX	- 0.03	AMKIX

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
PSPTX	0.73	0.16	0.18	0.19	0.53	(0.92)	1.27	(1.19)	14.72
GRISX	0.60	0.06	0.06	0.13	0.68	(0.66)	1.24	(1.16)	7.53
CLCRX	0.55	0.00	(0.01)	0.06	0.74	(0.56)	1.18	(1.26)	3.88
RCTIX	0.09	(0.01)	(0.24)	(0.30)	0.14	(0.14)	0.20	(0.30)	0.70
SVSPX	0.53	0.00	(0.02)	0.05	0.75	(0.52)	1.16	(1.18)	3.61
GCMAX	0.96	0.34	0.33	(5.47)	0.34	(1.18)	1.71	(1.39)	18.37
AMKIX	0.70	0.15	0.16	0.30	0.56	(0.82)	1.60	(0.99)	3.69
SMBYX	0.79	0.06	0.08	0.10	0.72	(0.97)	1.51	(1.43)	10.20
PCCOX	0.55	0.01	0.00	0.06	0.79	(0.54)	1.24	(1.20)	3.68
PGFIX	0.72	(0.04)	(0.05)	(0.01)	1.14	(0.64)	1.60	(1.98)	5.15

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