Pioneer Strategic Correlations

STRKX Fund

USD 9.99 0.01 0.10%

The current 90-days correlation between Pioneer Strategic Income and Pioneer Multi Asset Ultrashort is 0.41 (i.e., Very 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

Very poor diversification

The correlation between Pioneer Strategic Income 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 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 industry.

Moving together with Pioneer Mutual Fund

0.85	PGEKX	Pioneer Global Equity	Pair Corr
0.94	STIIX	Pioneer Short Term	Pair Corr
0.95	STIKX	Pioneer Short Term	Pair Corr
0.61	GOF	Guggenheim Strategic	Pair Corr
0.77	PIOKX	Pioneer Fund Class	Pair Corr
0.89	PMCKX	Pioneer Mid Cap	Pair Corr
0.96	PMFKX	Pioneer Multi Asset	Pair Corr
0.95	MAUCX	Pioneer Multi Asset	Pair Corr
0.95	MAUKX	Pioneer Multi Asset	Pair Corr
0.89	FLEKX	Pioneer Flexible Opp	Pair Corr
0.7	PSMKX	Pioneer Select Mid	Pair Corr
0.95	PBFKX	Pioneer Bond	Pair Corr
0.9	PCBKX	Pioneer Classic Balanced	Pair Corr
0.82	PCEKX	Pioneer Core Equity	Pair Corr
0.88	PEQKX	Pioneer Equity Income	Pair Corr
0.99	PONCX	Pimco Income	Pair Corr
0.99	PONAX	Pimco Income	Pair Corr
0.99	PIPNX	Pimco Income	Pair Corr
0.69	PONRX	Pimco Income	Pair Corr
0.99	PONPX	Pimco Incme Fund	Pair Corr
0.99	PIINX	Pimco Income	Pair Corr
0.99	PIMIX	Pimco Income	Pair Corr
0.97	LBNDX	Lord Abbett Bond	Pair Corr
0.97	FSTAX	Fidelity Advisor Str	Pair Corr
0.97	FSRIX	Fidelity Advisor Str	Pair Corr
0.8	SMPIX	Semiconductor Ultrasector	Pair Corr
0.69	SMPSX	Semiconductor Ultrasector	Pair Corr
0.68	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.68	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.71	UJPIX	Ultrajapan Profund	Pair Corr
0.69	EKWYX	Wells Fargo Advantage Steady Growth	Pair Corr
0.86	FRGOX	Franklin Gold Precious	Pair Corr
0.85	EKWAX	Wells Fargo Advantage	Pair Corr
0.87	INIVX	International Investors Steady Growth	Pair Corr
0.71	SLVCX	Large Cap Value	Pair Corr
0.9	EMSLX	Shelton Emerging Markets	Pair Corr
0.63	WOGSX	White Oak Select	Pair Corr

Moving against Pioneer Mutual Fund

0.51

UJPSX

Ultrajapan Profund

Pair Corr

Related Correlations Analysis

	PFGKX	PGEKX	STIIX	STIKX	GOF	PIOKX	PMCKX	PMFKX	MAUCX
PFGKX		0.86	0.57	0.52	0.37	0.92	0.76	0.54	0.55	PFGKX
PGEKX	0.86		0.87	0.85	0.58	0.98	0.98	0.89	0.87	PGEKX
STIIX	0.57	0.87		0.99	0.6	0.8	0.9	0.94	0.98	STIIX
STIKX	0.52	0.85	0.99		0.57	0.77	0.9	0.95	0.98	STIKX
GOF	0.37	0.58	0.6	0.57		0.49	0.53	0.64	0.61	GOF
PIOKX	0.92	0.98	0.8	0.77	0.49		0.95	0.81	0.79	PIOKX
PMCKX	0.76	0.98	0.9	0.9	0.53	0.95		0.93	0.9	PMCKX
PMFKX	0.54	0.89	0.94	0.95	0.64	0.81	0.93		0.96	PMFKX
MAUCX	0.55	0.87	0.98	0.98	0.61	0.79	0.9	0.96		MAUCX
	PFGKX	PGEKX	STIIX	STIKX	GOF	PIOKX	PMCKX	PMFKX	MAUCX

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
PFGKX	1.07	0.16	0.17	0.16	0.78	(1.25)	1.34	(1.92)	27.68
PGEKX	0.80	0.21	0.24	0.24	0.51	(0.92)	1.46	(1.52)	14.20
STIIX	0.07	0.01	(0.43)	9.01	0.00	(0.18)	0.11	(0.11)	0.57
STIKX	0.06	0.01	(0.41)	(0.73)	0.00	(0.17)	0.11	(0.11)	0.57
GOF	0.70	0.04	(0.01)	0.23	1.12	(0.71)	1.45	(1.44)	5.25
PIOKX	0.89	0.16	0.15	0.19	0.79	(0.99)	1.33	(1.97)	13.96
PMCKX	0.77	0.21	0.25	0.25	0.46	(0.91)	2.08	(1.21)	9.28
PMFKX	0.27	0.07	0.09	0.31	0.00	(0.35)	0.70	(0.46)	1.39
MAUCX	0.03	0.01	0.00	(0.96)	0.00	0.00	0.00	0.00	0.42

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