Pfg American Correlations

PFCOX Fund

USD 9.69 0.01 0.10%

The current 90-days correlation between Pfg American Funds and Putnman Retirement Ready is 0.8 (i.e., Very poor diversification). The correlation of Pfg American 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.

Pfg American Correlation With Market

Average diversification

The correlation between Pfg American Funds and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg American Funds 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 Pfg American Funds. 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 persons.

Moving together with Pfg Mutual Fund

0.99	PFADX	Riskproreg Pfg 0	Pair Corr
0.95	PFDOX	Riskproreg Dynamic	Pair Corr
0.97	PFFBX	Pfg Fidelity Institu	Pair Corr
0.77	PFTSX	Pfg Tactical Income	Pair Corr
0.74	FASIX	Fidelity Asset Manager	Pair Corr
0.75	FTIWX	Fidelity Asset Manager	Pair Corr
0.8	FTDWX	Fidelity Asset Manager	Pair Corr
0.76	FTAWX	Fidelity Asset Manager	Pair Corr
0.73	FIKVX	Fidelity Asset Manager	Pair Corr
0.82	FTCWX	Fidelity Asset Manager	Pair Corr
0.86	VASIX	Vanguard Lifestrategy	Pair Corr
0.83	PFIPX	Strategic Asset Mana	Pair Corr
0.79	BRUFX	Bruce Fund Bruce	Pair Corr
0.68	KF	Korea Closed	Pair Corr

Moving against Pfg Mutual Fund

0.67	PIPPX	Midcap Growth	Pair Corr
0.67	COVRX	Columbia Vertible	Pair Corr
0.47	FSBDX	Fidelity Series Blue	Pair Corr
0.45	SPGSX	State Street Premier Steady Growth	Pair Corr
0.42	OLGCX	Jpmorgan Large Cap	Pair Corr
0.37	DREQX	Dreyfus Research Growth	Pair Corr
0.36	TFAQX	Tfa Quantitative	Pair Corr
0.36	HMSFX	Hennessy Bp Midstream	Pair Corr

Related Correlations Analysis

	PRRTX	EXBAX	SIRZX	FRTCX	FHRVX	QCEQRX	TCTZX	CMATX
PRRTX		0.59	0.93	0.95	0.89	0.44	0.97	0.82	PRRTX
EXBAX	0.59		0.63	0.62	0.72	-0.18	0.46	0.25	EXBAX
SIRZX	0.93	0.63		0.92	0.82	0.44	0.92	0.83	SIRZX
FRTCX	0.95	0.62	0.92		0.87	0.43	0.92	0.8	FRTCX
FHRVX	0.89	0.72	0.82	0.87		0.03	0.82	0.53	FHRVX
QCEQRX	0.44	-0.18	0.44	0.43	0.03		0.57	0.84	QCEQRX
TCTZX	0.97	0.46	0.92	0.92	0.82	0.57		0.89	TCTZX
CMATX	0.82	0.25	0.83	0.8	0.53	0.84	0.89		CMATX
	PRRTX	EXBAX	SIRZX	FRTCX	FHRVX	QCEQRX	TCTZX	CMATX

Click cells to compare fundamentals

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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

TCTZX	+ 0.97	PRRTX
FRTCX	+ 0.95	PRRTX
SIRZX	+ 0.93	PRRTX
FRTCX	+ 0.92	SIRZX
TCTZX	+ 0.92	SIRZX
TCTZX	+ 0.92	FRTCX

High negative correlations

QCEQRX

- 0.18

EXBAX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg American 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 Pfg American'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
PRRTX	0.28	(0.04)	0.00	(0.35)	0.00	0.00	0.55	(0.58)	2.27
EXBAX	0.36	(0.10)	0.00	(1.30)	0.00	0.00	0.43	(0.68)	5.46
SIRZX	0.22	(0.03)	0.00	(0.28)	0.00	0.00	0.48	(0.48)	2.43
FRTCX	0.24	(0.05)	0.00	(0.39)	0.00	0.00	0.38	(0.57)	1.99
FHRVX	0.25	(0.04)	0.00	(0.47)	0.00	0.00	0.55	(0.52)	2.11
QCEQRX	0.57	0.06	0.05	0.50	0.77	(0.57)	1.08	(1.12)	5.96
TCTZX	0.26	(0.02)	0.00	(0.25)	0.00	0.00	0.49	(0.60)	2.05
CMATX	0.34	0.00	(0.04)	0.01	0.46	(0.46)	0.86	(0.62)	3.48

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