Pnc International Correlations

Mutual Funds . USA . 
Fund . Pnc International Equity
PEIRX Fund  USD 21.20  0.34  1.58%   
The current 90-days correlation between Pnc International Equity and Federated Global Allocation is 0.24 (i.e., Modest diversification). The correlation of Pnc International 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.

Pnc International Correlation With Market

Good diversification

The correlation between Pnc International Equity and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pnc International Equity 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 Pnc International Equity. 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 Pnc Mutual Fund

  0.64EMDIX Federated Emerging MarketPairCorr
  0.75QKBGX Federated Mdt BalancedPairCorr
  0.8FRIEX Federated Hermes EmergingPairCorr
  0.75STFSX Federated StrategicPairCorr
  0.75STIAX Federated StrategicPairCorr
  0.75STILX Federated StrategicPairCorr
  0.75STISX Federated StrategicPairCorr
  0.61INISX Federated IntermediatePairCorr
  0.74FSTKX Federated Mdt LargePairCorr
  0.74FSTLX Federated Mdt LargePairCorr
  0.74FSTRX Federated Mdt LargePairCorr
  0.8PIEFX Pnc Emerging MarketsPairCorr
  0.85PIGDX Pnc International GrowthPairCorr
  0.77SVALX Federated Strategic ValuePairCorr
  0.86FTIBX Federated Global TotalPairCorr
  0.73FTGLX Federated Total ReturnPairCorr
  0.74FTGSX Federated Total ReturnPairCorr
  0.77SVAAX Federated Strategic ValuePairCorr
  0.77SVAIX Federated Strategic ValuePairCorr
  0.77SVACX Federated Strategic ValuePairCorr
  1.0PIUCX Pnc International EquityPairCorr
  1.0PIUIX Pnc International EquityPairCorr
  0.89RRFAX Federated Real ReturnPairCorr

Moving against Pnc Mutual Fund

  0.4FRSAX Federated Floating RatePairCorr
  0.54FULAX Federated Ultrashort BondPairCorr
  0.54FULBX Federated Ultrashort BondPairCorr
  0.54FULLX Federated Hermes UltPairCorr
  0.53FULIX Federated Ultrashort BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pnc Mutual Fund performing well and Pnc International 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 Pnc International'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.

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