Pioneer Strategic Correlations

STRKX Fund

USD 9.87 0.01 0.10%

The current 90-days correlation between Pioneer Strategic Income and Wasatch Global Opportunities is 0.32 (i.e., Weak diversification). The correlation of Pioneer Strategic 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.

Pioneer Strategic Correlation With Market

Weak diversification

The correlation between Pioneer Strategic Income and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pioneer Strategic Income and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pioneer Strategic Income. 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 state.

Moving together with Pioneer Mutual Fund

0.85	PFGKX	Pioneer Fundamental	Pair Corr
0.85	PGEKX	Pioneer Global Equity	Pair Corr
0.71	STIIX	Pioneer Short Term	Pair Corr
0.8	STIKX	Pioneer Short Term	Pair Corr
0.86	PIOKX	Pioneer Fund Class	Pair Corr
0.81	PMCKX	Pioneer Mid Cap	Pair Corr
0.79	PMFKX	Pioneer Multi Asset	Pair Corr
0.69	MAUCX	Pioneer Multi Asset	Pair Corr
0.71	MAUKX	Pioneer Multi Asset	Pair Corr
0.67	FLEKX	Pioneer Flexible Opp	Pair Corr
0.86	PSMKX	Pioneer Select Mid	Pair Corr
0.73	PBFKX	Pioneer Bond	Pair Corr
0.88	PCBKX	Pioneer Classic Balanced	Pair Corr
0.85	PCEKX	Pioneer Core Equity	Pair Corr
0.85	PEQKX	Pioneer Equity Income	Pair Corr
0.86	PONAX	Pimco Income	Pair Corr
0.85	PONCX	Pimco Income	Pair Corr
0.89	PIPNX	Pimco Income	Pair Corr
0.9	PONRX	Pimco Income	Pair Corr
0.85	PONPX	Pimco Incme Fund	Pair Corr
0.9	PIINX	Pimco Income	Pair Corr
0.9	PIMIX	Pimco Income	Pair Corr
0.84	LBNDX	Lord Abbett Bond	Pair Corr
0.76	FSTAX	Fidelity Advisor Str	Pair Corr
0.8	FSRIX	Fidelity Advisor Str	Pair Corr
0.64	FGPMX	Franklin Gold And Potential Growth	Pair Corr
0.61	FRGOX	Franklin Gold Precious Potential Growth	Pair Corr
0.67	MIDSX	Midas Fund Midas	Pair Corr
0.63	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.71	TBLIX	Transamerica Multi	Pair Corr
0.62	SSMMX	Western Asset Managed	Pair Corr
0.69	FIKBX	Fidelity Advisor Fin	Pair Corr
0.76	STARX	Astor Star Fund	Pair Corr
0.74	HGHYX	The Hartford Healthcare	Pair Corr

Moving against Pioneer Mutual Fund

0.58

GOF

Guggenheim Strategic

Pair Corr

Related Correlations Analysis

	WIGOX	RGHYX	JGECX	MSTGX
WIGOX		0.78	0.88	0.69	WIGOX
RGHYX	0.78		0.84	0.86	RGHYX
JGECX	0.88	0.84		0.81	JGECX
MSTGX	0.69	0.86	0.81		MSTGX
	WIGOX	RGHYX	JGECX	MSTGX

Risk-Adjusted Indicators

There is a big difference between Pioneer Mutual Fund performing well and Pioneer Strategic 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 Pioneer Strategic'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
WIGOX	0.90	0.08	0.08	0.16	0.77	(1.16)	1.45	(1.40)	12.70
RGHYX	0.12	0.00	(0.25)	0.12	0.06	(0.16)	0.20	(0.30)	1.11
JGECX	0.67	0.15	0.14	0.68	0.42	(0.86)	1.08	(1.13)	8.86
MSTGX	0.23	0.00	(0.21)	0.06	0.22	(0.28)	0.41	(0.50)	1.31

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