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Correlations Analysis

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Source
List Type
5.47 -0.03 (-0.55%) 08/14/2026
High Income Securities Fund (PCF)
Showing Correlations for up to two years. To view all data, Upgrade to PRO plan!
Found large sets of symbols. Showing 25 symbols.

Correlation Analytics

PCF vs 19 instruments · 15 Aug 2024 – 15 Aug 2026 · Daily returns
Average correlation by asset class
Equity Indices
0.19
19 instruments
Key Observations
  • PCF is most correlated with $GSPC (r = 0.48, β = 0.37), the closest co-mover in this set — it explains about 23% of PCF daily moves (R² = 0.23).
  • $KS11 is effectively uncorrelated (r = -0.00), the best diversifier against PCF here.
  • Across the set (all Equity Indices), average correlation to PCF is 0.19.
  • Correlation to $SSMI is falling (3M r = -0.20 vs 1Y 0.14) — they have been decoupling lately.
  • Overall, PCF is largely idiosyncratic versus this set (avg |r| = 0.19) — its moves are mostly stock-specific.
  • Versus $GSPC, Pearson r and Spearman ρ agree (0.48 vs 0.40), so the relationship is broadly linear and the β is dependable.
  • PCF and $GSPC move contemporaneously (correlation is strongest same-day) — no usable lead-lag timing within ±3 days.
  • Correlation to $GSPC tightens under stress: r = 0.38 in calm markets (low VIX) vs r = 0.51 in high-volatility regimes — diversification weakens exactly when you need it.
Derived from the figures below · point-in-time over the selected window · not investment advice.
By instrument · correlation across windows, with sensitivity
SymbolName1M3M6M1YTrendβ
$GSPCS&P 5000.260.460.450.440.370.23
$DJIDow Jones Industrial Average0.190.310.390.370.390.21
$NDXNasdaq 1000.140.410.420.410.250.20
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β and R² computed over the full selected window vs each instrument · window correlations use common trading days only · ▲/▼ = recent (3M) vs longer-term (1Y) correlation · not investment advice.

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