Principal Financial Correlations

PFG Stock

USD 85.67 0.42 0.49%

The current 90-days correlation between Principal Financial and State Street Corp is 0.71 (i.e., Poor diversification). The correlation of Principal Financial 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.

Principal Financial Correlation With Market

Poor diversification

The correlation between Principal Financial Group and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Financial Group 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 Principal Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Principal Stock

0.84	OCCIM	OFS Credit ,	Pair Corr
0.82	OCCIN	OFS Credit	Pair Corr
0.83	OCCIO	OFS Credit	Pair Corr
0.78	ATCO-PD	Atlas Corp	Pair Corr
0.84	ATCO-PH	Atlas Corp	Pair Corr
0.81	SAR	Saratoga Investment Corp	Pair Corr
0.83	GCMG	GCM Grosvenor	Pair Corr
0.62	GECC	Great Elm Capital Potential Growth	Pair Corr
0.67	ICMB	Investcorp Credit	Pair Corr
0.78	OAK-PB	Oaktree Capital Group	Pair Corr
0.69	RAND	Rand Capital Corp	Pair Corr

Moving against Principal Stock

0.69	PWM	Prestige Wealth Ordinary	Pair Corr
0.56	CNS	Cohen Steers	Pair Corr
0.55	PSEC-PA	Prospect Capital	Pair Corr
0.42	INV	Innventure,	Pair Corr
0.5	AMOD	Alpha Modus Holdings, Symbol Change	Pair Corr
0.46	AMTD	AMTD IDEA Group	Pair Corr
0.39	HNNA	Hennessy Ad	Pair Corr
0.38	AAMI	Acadian Asset Management Symbol Change	Pair Corr
0.34	APO-PA	Apollo Global Management	Pair Corr

Related Correlations Analysis

	STT	BK	SEIC	AMG	TROW	IVZ	AMP	BEN	JHG	NTRS
STT		0.1	0.91	0.69	0.83	0.9	0.92	0.52	0.91	0.69	STT
BK	0.1		0.01	-0.44	-0.31	0.26	0.1	0.36	0.1	0.72	BK
SEIC	0.91	0.01		0.8	0.89	0.89	0.89	0.56	0.94	0.62	SEIC
AMG	0.69	-0.44	0.8		0.87	0.57	0.74	0.24	0.65	0.12	AMG
TROW	0.83	-0.31	0.89	0.87		0.73	0.83	0.38	0.82	0.39	TROW
IVZ	0.9	0.26	0.89	0.57	0.73		0.83	0.64	0.95	0.79	IVZ
AMP	0.92	0.1	0.89	0.74	0.83	0.83		0.42	0.85	0.63	AMP
BEN	0.52	0.36	0.56	0.24	0.38	0.64	0.42		0.55	0.57	BEN
JHG	0.91	0.1	0.94	0.65	0.82	0.95	0.85	0.55		0.71	JHG
NTRS	0.69	0.72	0.62	0.12	0.39	0.79	0.63	0.57	0.71		NTRS
	STT	BK	SEIC	AMG	TROW	IVZ	AMP	BEN	JHG	NTRS

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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

JHG	+ 0.95	IVZ
JHG	+ 0.94	SEIC
AMP	+ 0.92	STT
SEIC	+ 0.91	STT
JHG	+ 0.91	STT
IVZ	+ 0.9	STT

High negative correlations

AMG	- 0.44	BK
TROW	- 0.31	BK

Risk-Adjusted Indicators

There is a big difference between Principal Stock performing well and Principal Financial Company 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 Principal Financial'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
STT	1.19	(0.09)	0.00	(0.06)	0.00	0.00	2.55	(3.40)	9.98
BK	1.12	0.12	0.07	(0.52)	1.39	(1.17)	1.97	(3.18)	11.82
SEIC	1.02	(0.12)	0.00	(0.11)	0.00	0.00	2.10	(2.42)	7.20
AMG	1.38	(0.12)	0.00	(0.09)	0.00	0.00	2.68	(3.08)	6.33
TROW	1.22	(0.30)	0.00	(0.25)	0.00	0.00	1.92	(3.64)	6.99
IVZ	1.69	(0.14)	0.00	(0.08)	0.00	0.00	2.83	(4.53)	14.13
AMP	1.25	(0.09)	0.00	(0.06)	0.00	0.00	2.19	(3.64)	8.79
BEN	1.40	(0.06)	0.00	(0.07)	0.00	0.00	2.59	(2.09)	17.21
JHG	1.54	(0.19)	0.00	(0.14)	0.00	0.00	2.91	(4.00)	9.40
NTRS	1.11	(0.05)	0.00	0.22	0.00	0.00	2.66	(2.88)	9.01

Principal Financial Corporate Management

Nathan Schelhaas	Senior Segment	Profile
Joel Pitz	Senior Controller	Profile
JD CFA	Chief Management	Profile
Christopher Payne	Senior Relations	Profile
Ellen Shumway	Senior Management	Profile

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