Total Return Correlations

PTTAX Fund

USD 8.54 0.02 0.23%

The current 90-days correlation between Total Return and Gmo Global Equity is 0.22 (i.e., Modest diversification). The correlation of Total Return 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.

Total Return Correlation With Market

Modest diversification

The correlation between Total Return Fund and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Return Fund 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 Total Return Fund. 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 Total Mutual Fund

0.98	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
0.98	FIWGX	Strategic Advisers	Pair Corr
0.98	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.98	GPBFX	Gmo E Plus	Pair Corr
0.91	WARCX	Wells Fargo Advantage	Pair Corr
0.61	GF	New Germany Closed	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.72	VZ	Verizon Communications Aggressive Push	Pair Corr
0.72	HD	Home Depot	Pair Corr

Moving against Total Mutual Fund

0.57	PQTNX	Pimco Trends Managed	Pair Corr
0.56	PQTAX	Pimco Trends Managed	Pair Corr
0.56	PQTIX	Aa Pimco Tr	Pair Corr
0.46	GPMFX	Guidepath Managed Futures	Pair Corr
0.31	GAAKX	Gmo Alternative Allo	Pair Corr
0.31	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	GMADX	OWFIX	DHGCX	QLENX	SNPTX	VTCAX	DHGAX
GMADX		0.65	0.45	0.39	0.77	0.61	0.55	GMADX
OWFIX	0.65		0.79	0.21	0.69	0.49	0.89	OWFIX
DHGCX	0.45	0.79		0.32	0.64	0.59	0.94	DHGCX
QLENX	0.39	0.21	0.32		0.57	0.86	0.42	QLENX
SNPTX	0.77	0.69	0.64	0.57		0.77	0.74	SNPTX
VTCAX	0.61	0.49	0.59	0.86	0.77		0.66	VTCAX
DHGAX	0.55	0.89	0.94	0.42	0.74	0.66		DHGAX
	GMADX	OWFIX	DHGCX	QLENX	SNPTX	VTCAX	DHGAX

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Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Return 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 Total Return'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
GMADX	0.64	0.03	(0.02)	0.15	1.23	(0.64)	1.17	(1.28)	11.02
OWFIX	0.16	0.00	(0.37)	0.01	0.15	(0.23)	0.30	(0.30)	1.10
DHGCX	0.15	0.01	(0.38)	1.52	0.06	(0.21)	0.36	(0.26)	0.94
QLENX	0.41	0.17	0.17	(2.37)	0.00	(0.52)	0.83	(0.57)	2.89
SNPTX	0.48	0.05	(0.01)	0.22	0.63	(0.50)	1.01	(0.98)	4.79
VTCAX	0.80	0.15	0.08	0.63	0.88	(0.85)	1.70	(1.44)	5.61
DHGAX	0.15	0.01	(0.38)	0.30	0.00	(0.20)	0.35	(0.25)	0.96

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