Stocksplus Correlations

Mutual Funds . USA . 
Fund . Stocksplus Tr Short
PSTIX Fund  USD 6.83  0.05  0.73%   
The current 90-days correlation between Stocksplus Tr Short and Technology Fund Class is -0.81 (i.e., Pay attention - limited upside). 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 -0.78 (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 against Stocksplus Mutual Fund

  0.91PFCJX Pimco Preferred AndPairCorr
  0.91PFANX Pimco Capital SecPairCorr
  0.91PFINX Pimco Capital SecPairCorr
  0.87PFIAX Pimco Floating IncomePairCorr
  0.79PFIUX Pimco Unconstrained BondPairCorr
  0.79PFNCX Pimco Floating IncomePairCorr
  0.78PFIIX Pimco Floating IncomePairCorr
  0.73PFBPX Pimco Foreign BondPairCorr
  0.73PFONX Pimco International BondPairCorr
  0.62PFMIX Municipal BondPairCorr
  0.9PFNNX Pimco Preferred AndPairCorr
  0.88PFTCX Short Term FundPairCorr
  0.87PFSIX Pimco Emerging MarketsPairCorr
  0.86PFNIX Pimco Low DurationPairCorr
  0.86PFTPX Pimco Floating IncomePairCorr
  0.85PFPNX Pimco Capital SecPairCorr
  0.83PFRMX Pimco Inflation ResponsePairCorr
  0.79PFNUX Pimco Dynamic BondPairCorr
  0.73PFOAX Pimco Foreign BondPairCorr
  0.73PFRAX Pimco Foreign BondPairCorr
  0.7PFORX Pimco Foreign BondPairCorr
  0.7PFRRX Pimco Foreign BondPairCorr
  0.66PFOCX Pimco Foreign BondPairCorr
  0.64PFUUX Pimco Foreign BondPairCorr
  0.62PFRCX Foreign BondPairCorr
  0.45PFUAX Foreign BondPairCorr
  0.35PFUIX Foreign BondPairCorr
  0.97PGAPX Pimco Global MultiPairCorr
  0.97PGMCX Pimco Global MultiPairCorr
  0.92PXTNX Pimco Rae PlusPairCorr
  0.83PGAIX Pimco Global MultiPairCorr
  0.83PGMAX Pimco Global MultiPairCorr
  0.82PGSAX Pimco Global AdvantagePairCorr

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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