Aggressive Growth Correlations

PAGHX Fund

USD 92.92 2.10 2.21%

The current 90-days correlation between Aggressive Growth and Prudential Short Duration is 0.31 (i.e., Weak diversification). The correlation of Aggressive Growth 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.

Aggressive Growth Correlation With Market

Poor diversification

The correlation between Aggressive Growth Portfolio and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Portfolio 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 Aggressive Growth Portfolio. 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 rate.

Moving together with Aggressive Mutual Fund

1.0	PAGDX	Aggressive Growth	Pair Corr
1.0	PAGRX	Aggressive Growth	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.87	VINIX	Vanguard Institutional	Pair Corr
0.87	VIIIX	Vanguard Institutional	Pair Corr
0.72	PGLSX	Global Multi Strategy	Pair Corr

Moving against Aggressive Mutual Fund

0.39	PRTBX	Short Term Treasury	Pair Corr
0.35	PRVDX	Versatile Bond Portfolio	Pair Corr
0.31	PRVBX	Versatile Bond Portfolio	Pair Corr
0.42	GF	New Germany Closed	Pair Corr
0.38	VSGDX	Vanguard Short Term	Pair Corr
0.38	USGDX	Morgan Stanley Government	Pair Corr
0.31	HRBDX	Harbor Bond Fund	Pair Corr

Related Correlations Analysis

	HYSZX	OHSHX	QLMYIX	PHDTX	TRKZX	ACHFX	MZHIX	SGYAX
HYSZX		0.92	0.95	0.96	0.96	0.95	0.96	0.97	HYSZX
OHSHX	0.92		0.94	0.94	0.95	0.96	0.96	0.94	OHSHX
QLMYIX	0.95	0.94		0.99	0.91	0.96	0.95	0.91	QLMYIX
PHDTX	0.96	0.94	0.99		0.91	0.96	0.95	0.91	PHDTX
TRKZX	0.96	0.95	0.91	0.91		0.95	0.96	0.99	TRKZX
ACHFX	0.95	0.96	0.96	0.96	0.95		0.94	0.94	ACHFX
MZHIX	0.96	0.96	0.95	0.95	0.96	0.94		0.97	MZHIX
SGYAX	0.97	0.94	0.91	0.91	0.99	0.94	0.97		SGYAX
	HYSZX	OHSHX	QLMYIX	PHDTX	TRKZX	ACHFX	MZHIX	SGYAX

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Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive Growth 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 Aggressive Growth'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
HYSZX	0.13	0.02	0.08	0.18	0.00	(0.21)	0.48	(0.24)	1.08
OHSHX	0.13	0.01	0.04	(0.33)	0.10	(0.18)	0.23	(0.23)	1.02
QLMYIX	0.13	0.02	0.07	(0.46)	0.00	(0.21)	0.33	(0.33)	0.99
PHDTX	0.12	0.01	0.07	(0.85)	0.00	(0.16)	0.23	(0.23)	0.79
TRKZX	0.16	0.01	0.05	0.10	0.10	(0.24)	0.51	(0.34)	1.20
ACHFX	0.17	0.01	0.05	(0.17)	0.14	(0.22)	0.47	(0.23)	1.28
MZHIX	0.13	0.01	0.04	0.08	0.10	(0.18)	0.25	(0.25)	0.89
SGYAX	0.16	0.02	0.07	0.15	0.05	(0.26)	0.56	(0.28)	1.57

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