Princeton Adaptive Correlations

PAPIX Fund

USD 10.08 0.01 0.1%

The current 90-days correlation between Princeton Adaptive and Princeton Premium is -0.21 (i.e., Very good diversification). The correlation of Princeton Adaptive 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.

Princeton Adaptive Correlation With Market

Good diversification

The correlation between Princeton Adaptive Premium and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Adaptive Premium 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 Princeton Adaptive Premium. 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 together with Princeton Mutual Fund

0.76	PPFAX	Princeton Premium	Pair Corr
0.91	PPFIX	Princeton Premium	Pair Corr
1.0	PAPAX	Putnam Asia Pacific	Pair Corr

Moving against Princeton Mutual Fund

0.35	CIOCX	Columbia Porate Income	Pair Corr
0.49	AGIVX	Invesco Government	Pair Corr
0.46	BURGX	Vest Large Cap Steady Growth	Pair Corr
0.35	VIGAX	Vanguard Growth Index	Pair Corr
0.33	FSBDX	Fidelity Series Blue	Pair Corr

Related Correlations Analysis

	PPFAX	PPFIX	PAPAX	PAPIX	MXGSX	PLAYX	VMRXX	EGLAX	USDIX	VLPIX
PPFAX		0.81	0.73	0.76	0.13	0.28	0.24	0.47	0.28	0.49	PPFAX
PPFIX	0.81		0.88	0.91	0.12	0.22	0.2	0.37	0.21	0.4	PPFIX
PAPAX	0.73	0.88		1.0	-0.25	-0.03	0.03	0.06	-0.12	0.09	PAPAX
PAPIX	0.76	0.91	1.0		-0.19	0.02	0.06	0.13	-0.05	0.16	PAPIX
MXGSX	0.13	0.12	-0.25	-0.19		0.81	0.27	0.74	0.66	0.75	MXGSX
PLAYX	0.28	0.22	-0.03	0.02	0.81		0.29	0.71	0.66	0.75	PLAYX
VMRXX	0.24	0.2	0.03	0.06	0.27	0.29		0.35	0.56	0.37	VMRXX
EGLAX	0.47	0.37	0.06	0.13	0.74	0.71	0.35		0.82	1.0	EGLAX
USDIX	0.28	0.21	-0.12	-0.05	0.66	0.66	0.56	0.82		0.83	USDIX
VLPIX	0.49	0.4	0.09	0.16	0.75	0.75	0.37	1.0	0.83		VLPIX
	PPFAX	PPFIX	PAPAX	PAPIX	MXGSX	PLAYX	VMRXX	EGLAX	USDIX	VLPIX

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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

PAPIX	+ 1.0	PAPAX
VLPIX	+ 1.0	EGLAX
PAPIX	+ 0.91	PPFIX
PAPAX	+ 0.88	PPFIX
VLPIX	+ 0.83	USDIX
USDIX	+ 0.82	EGLAX

High negative correlations

MXGSX	- 0.25	PAPAX
MXGSX	- 0.19	PAPIX
USDIX	- 0.12	PAPAX
USDIX	- 0.05	PAPIX
PLAYX	- 0.03	PAPAX

Risk-Adjusted Indicators

There is a big difference between Princeton Mutual Fund performing well and Princeton Adaptive 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 Princeton Adaptive'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
PPFAX	0.13	(0.02)	0.00	(0.40)	0.00	0.00	0.17	(0.08)	3.32
PPFIX	0.15	(0.02)	0.00	0.47	0.00	0.00	0.17	(0.08)	3.44
PAPAX	0.14	(0.04)	0.00	2.33	0.00	0.00	0.10	0.00	2.95
PAPIX	0.14	(0.04)	0.00	1.71	0.00	0.00	0.10	0.00	2.89
MXGSX	0.62	0.08	0.03	8.68	0.84	(0.65)	1.30	(1.18)	5.41
PLAYX	0.39	0.03	(0.01)	0.43	0.57	(0.56)	1.22	(1.06)	4.07
VMRXX	0.03	0.01	0.00	(0.47)	0.00	0.00	0.00	0.00	1.01
EGLAX	0.86	0.11	0.06	0.42	1.13	(0.90)	1.78	(2.31)	5.90
USDIX	0.02	0.00	0.00	(0.13)	0.00	0.00	0.00	0.00	0.51
VLPIX	0.77	0.11	0.08	0.44	0.90	(0.82)	1.62	(1.59)	5.51

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