Stocksplus Correlations

Mutual Funds . USA . 
Fund . Stocksplus Tr Short
PSTIX Fund  USD 6.74  0.02  0.30%   
The correlation of Stocksplus 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 Correlation With Market

Pay attention - limited upside

The correlation between Stocksplus Tr Short and DJI is -0.88 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stocksplus Tr Short 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 Tr Short. 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 gross domestic product.

Moving together with Stocksplus Mutual Fund

  0.66PWLEX Pimco Rae WorldwidePairCorr
  0.75PWLBX Pimco Rae WorldwidePairCorr

Moving against Stocksplus Mutual Fund

  0.94PFCJX Pimco Preferred AndPairCorr
  0.94PFANX Pimco Capital SecPairCorr
  0.94PFINX Pimco Capital SecPairCorr
  0.88PFIAX Pimco Floating IncomePairCorr
  0.88PFIIX Pimco Floating IncomePairCorr
  0.88PFNCX Pimco Floating IncomePairCorr
  0.85PFIUX Pimco Unconstrained BondPairCorr
  0.7PFONX Pimco International BondPairCorr
  0.67PFBPX Pimco Foreign BondPairCorr
  0.37PFMIX Municipal BondPairCorr
  0.93PFNNX Pimco Preferred AndPairCorr
  0.92PFTCX Short Term FundPairCorr
  0.89PFNIX Pimco Low DurationPairCorr
  0.89PFTPX Pimco Floating IncomePairCorr
  0.89PFSIX Pimco Emerging MarketsPairCorr
  0.85PFNUX Pimco Dynamic BondPairCorr
  0.8PFRMX Pimco Inflation ResponsePairCorr
  0.7PFORX Pimco Foreign BondPairCorr
  0.68PFOAX Pimco Foreign BondPairCorr
  0.67PFRAX Pimco Foreign BondPairCorr
  0.66PFRRX Pimco Foreign BondPairCorr
  0.65PFOCX Pimco Foreign BondPairCorr
  0.6PFUUX Pimco Foreign BondPairCorr
  0.6PFUIX Foreign BondPairCorr
  0.59PFUNX Pimco International BondPairCorr
  0.58PFUAX Foreign BondPairCorr
  0.55PFRCX Foreign BondPairCorr
  0.98PGAPX Pimco Global MultiPairCorr
  0.98PGAIX Pimco Global MultiPairCorr
  0.98PGMAX Pimco Global MultiPairCorr
  0.98PGMCX Pimco Global MultiPairCorr
  0.97PXTIX Fundamental IndexplusPairCorr
  0.97PXTNX Pimco Rae PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stocksplus Mutual Fund performing well and Stocksplus 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' 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.

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