Aggressive Growth Correlations

PAGRX Fund

USD 106.79 1.40 1.33%

The current 90-days correlation between Aggressive Growth and Permanent Portfolio Class is 0.64 (i.e., Poor 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

Modest diversification

The correlation between Aggressive Growth Portfolio and DJI is 0.22 (i.e., Modest 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 metropolitan statistical area.

Moving together with Aggressive Mutual Fund

0.95	PRPHX	Permanent Portfolio Class	Pair Corr
0.95	PRPDX	Permanent Portfolio Class	Pair Corr
0.92	PRPFX	Permanent Portfolio Class	Pair Corr
1.0	PAGDX	Aggressive Growth	Pair Corr
1.0	PAGHX	Aggressive Growth	Pair Corr
0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.88	VINIX	Vanguard Institutional	Pair Corr
0.88	VIIIX	Vanguard Institutional	Pair Corr
0.81	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.81	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.81	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	SMPSX	Semiconductor Ultrasector	Pair Corr
0.91	LSHUX	Horizon Spin Off	Pair Corr
0.89	EMO	Clearbridge Energy Mlp	Pair Corr
0.94	DOXGX	Dodge Cox Stock	Pair Corr
0.68	PHK	Pimco High Income	Pair Corr
0.88	PFLLX	Putnam Floating Rate	Pair Corr
0.82	CUBA	Herzfeld Caribbean Basin	Pair Corr
0.82	RNNEX	New Economy Fund	Pair Corr
0.76	REGTX	American Funds 2040	Pair Corr
0.79	GMAWX	Gmo Small Cap Downward Rally	Pair Corr
0.89	USPRX	Sp 500 Index	Pair Corr

Moving against Aggressive Mutual Fund

0.34

PRVHX

Versatile Bond Portfolio

Pair Corr

Related Correlations Analysis

	PRPHX	PRPDX	PRPFX	PRTBX	PRVBX	PRVHX	PRVDX	PAGDX	PAGRX
PRPHX		1.0	0.95	0.02	0.1	-0.35	-0.31	0.95	0.95	PRPHX
PRPDX	1.0		0.96	-0.02	0.08	-0.31	-0.26	0.95	0.95	PRPDX
PRPFX	0.95	0.96		-0.09	0.06	-0.22	-0.17	0.92	0.92	PRPFX
PRTBX	0.02	-0.02	-0.09		0.69	-0.57	-0.61	-0.04	-0.04	PRTBX
PRVBX	0.1	0.08	0.06	0.69		-0.15	-0.19	0.03	0.03	PRVBX
PRVHX	-0.35	-0.31	-0.22	-0.57	-0.15		1.0	-0.34	-0.34	PRVHX
PRVDX	-0.31	-0.26	-0.17	-0.61	-0.19	1.0		-0.3	-0.29	PRVDX
PAGDX	0.95	0.95	0.92	-0.04	0.03	-0.34	-0.3		1.0	PAGDX
PAGRX	0.95	0.95	0.92	-0.04	0.03	-0.34	-0.29	1.0		PAGRX
	PRPHX	PRPDX	PRPFX	PRTBX	PRVBX	PRVHX	PRVDX	PAGDX	PAGRX

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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

PRPDX	+ 1.0	PRPHX
PRVDX	+ 1.0	PRVHX
PAGRX	+ 1.0	PAGDX
PRPFX	+ 0.96	PRPDX
PRPFX	+ 0.95	PRPHX
PAGDX	+ 0.95	PRPHX

High negative correlations

PRVDX	- 0.61	PRTBX
PRVHX	- 0.57	PRTBX
PRVHX	- 0.35	PRPHX
PAGRX	- 0.34	PRVHX
PAGDX	- 0.34	PRVHX
PRVHX	- 0.31	PRPDX

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
PRPHX	0.41	0.09	0.03	0.77	0.46	(0.43)	0.93	(0.87)	3.04
PRPDX	0.42	0.09	0.02	0.73	0.54	(0.44)	0.92	(0.87)	3.58
PRPFX	0.44	0.06	(0.01)	0.32	0.60	(0.44)	0.93	(0.88)	3.81
PRTBX	0.04	(0.01)	(1.76)	(0.57)	0.00	(0.05)	0.09	(0.06)	0.29
PRVBX	0.09	(0.01)	(0.79)	(0.13)	0.07	(0.10)	0.20	(0.20)	0.48
PRVHX	0.13	(0.05)	0.00	3.00	0.00	0.00	0.19	(0.22)	2.85
PRVDX	0.15	(0.05)	0.00	2.00	0.00	0.00	0.20	(0.20)	3.45
PAGDX	0.84	0.20	0.11	0.62	0.99	(0.96)	2.40	(1.58)	7.93
PAGRX	0.85	0.20	0.11	0.61	1.02	(0.96)	2.41	(1.58)	8.06

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