Pimco Stocksplus Correlations
PSPLX Fund | USD 6.99 0.12 1.69% |
The current 90-days correlation between Pimco Stocksplus and Pimco Rae Worldwide is -0.21 (i.e., Very good diversification). The correlation of Pimco 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.
Pimco Stocksplus Correlation With Market
Pay attention - limited upside
The correlation between Pimco Stocksplus Ar and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Stocksplus Ar and DJI in the same portfolio, assuming nothing else is changed.
Pimco |
Moving against Pimco Mutual Fund
0.81 | PFIUX | Pimco Unconstrained Bond | PairCorr |
0.61 | PFONX | Pimco International Bond | PairCorr |
0.56 | PFBPX | Pimco Foreign Bond | PairCorr |
0.54 | PFIIX | Pimco Floating Income | PairCorr |
0.48 | PFANX | Pimco Capital Sec | PairCorr |
0.47 | PFIAX | Pimco Floating Income | PairCorr |
0.43 | PFINX | Pimco Capital Sec | PairCorr |
0.41 | PFNCX | Pimco Floating Income | PairCorr |
0.4 | PWLIX | Pimco Rae Worldwide | PairCorr |
0.38 | PWLMX | Pimco Rae Worldwide | PairCorr |
0.37 | PFCJX | Pimco Preferred And | PairCorr |
0.36 | PWLBX | Pimco Rae Worldwide | PairCorr |
0.32 | PWLEX | Pimco Rae Worldwide | PairCorr |
0.8 | PFNUX | Pimco Dynamic Bond | PairCorr |
0.72 | PFTCX | Short Term Fund | PairCorr |
0.61 | PFRRX | Pimco Foreign Bond | PairCorr |
0.6 | PFORX | Pimco Foreign Bond | PairCorr |
0.6 | PFRAX | Pimco Foreign Bond | PairCorr |
0.58 | PFOAX | Pimco Foreign Bond | PairCorr |
0.57 | PFOCX | Pimco Foreign Bond | PairCorr |
0.54 | PFTPX | Pimco Floating Income | PairCorr |
0.49 | PFPNX | Pimco Capital Sec | PairCorr |
0.47 | PFNIX | Pimco Low Duration | PairCorr |
0.43 | PFNNX | Pimco Preferred And | PairCorr |
0.7 | PXTIX | Fundamental Indexplus | PairCorr |
0.7 | PXTNX | Pimco Rae Plus | PairCorr |
0.67 | PGAIX | Pimco Global Multi | PairCorr |
0.65 | PGMAX | Pimco Global Multi | PairCorr |
0.62 | PGMCX | Pimco Global Multi | PairCorr |
0.58 | PGAPX | Pimco Global Multi | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pimco Mutual Fund performing well and Pimco 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 Pimco 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
PWLEX | 0.27 | (0.03) | 0.00 | (0.41) | 0.00 | 0.50 | 1.73 | |||
PWLBX | 0.28 | (0.03) | 0.00 | (0.15) | 0.00 | 0.62 | 1.60 | |||
PWLMX | 0.26 | (0.03) | 0.00 | (0.14) | 0.00 | 0.49 | 1.71 | |||
PWLIX | 0.27 | (0.03) | 0.00 | (0.32) | 0.00 | 0.49 | 1.94 | |||
PFBPX | 0.14 | (0.01) | (0.13) | (0.46) | 0.18 | 0.30 | 1.40 | |||
PFCJX | 0.09 | (0.02) | 0.00 | (0.55) | 0.00 | 0.22 | 0.75 | |||
PFATX | 0.34 | (0.09) | 0.00 | (0.78) | 0.00 | 0.64 | 2.79 | |||
PFANX | 0.09 | (0.01) | 0.00 | (0.56) | 0.00 | 0.21 | 0.75 | |||
PFGAX | 0.60 | (0.16) | 0.00 | 15.70 | 0.00 | 1.14 | 3.63 | |||
PFGCX | 0.60 | (0.16) | 0.00 | 18.89 | 0.00 | 1.14 | 3.63 |