Pfg Janus Correlations

PFJHX Fund

USD 10.19 0.08 0.79%

The current 90-days correlation between Pfg Janus Henderson and Riskproreg Pfg 0 15 is 0.06 (i.e., Significant diversification). The correlation of Pfg Janus 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 Janus Correlation With Market

Poor diversification

The correlation between Pfg Janus Henderson and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Janus Henderson 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 Janus Henderson. 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 rate.

Moving together with Pfg Mutual Fund

0.86	PFESX	Pfg Br Equity	Pair Corr
0.83	PFGGX	Pfg American Funds	Pair Corr
0.85	PFFFX	Pfg Fidelity Institu	Pair Corr
0.89	PFFSX	Pfg Fidelity Institu	Pair Corr
0.88	PFIOX	Pfg Invesco Thematic	Pair Corr
0.8	PFJDX	Riskproreg Dynamic	Pair Corr
0.88	PFTEX	Riskproreg Tactical	Pair Corr
0.87	PFSEX	Riskproreg 30	Pair Corr
0.76	PFSMX	Riskproreg Pfg 30	Pair Corr
0.61	FBONX	American Funds American	Pair Corr
0.61	RLBFX	American Balanced	Pair Corr
0.61	MGGYX	Mirova Global Green	Pair Corr
0.61	MGGAX	Mirova Global Green	Pair Corr
0.87	RPPRX	Victory Rs Partners	Pair Corr
0.91	DFFVX	Us Targeted Value	Pair Corr
0.82	FDHCX	First Trust Short	Pair Corr
0.69	TFBRX	American Beacon Twen	Pair Corr
0.83	AREFX	One Choice 2055	Pair Corr

Moving against Pfg Mutual Fund

0.56	HLDIX	Hartford Emerging	Pair Corr
0.56	HLDTX	Hartford Emerging	Pair Corr
0.55	HLDRX	Hartford Emerging	Pair Corr
0.55	HLDAX	Hartford Emerging	Pair Corr
0.55	HLDCX	Hartford Emerging	Pair Corr
0.36	BXECX	Barings Emerging Markets	Pair Corr
0.34	BXEIX	Barings Emerging Markets	Pair Corr
0.34	BXEAX	Barings Emerging Markets	Pair Corr

Related Correlations Analysis

	PFADX	PFCOX	PFESX	PFDOX	PFGGX	PFFFX	PFFBX	PFFSX	PFIOX	PFJDX
PFADX		0.99	-0.09	0.97	-0.26	-0.02	0.94	-0.38	0.06	0.28	PFADX
PFCOX	0.99		-0.07	0.96	-0.26	-0.02	0.93	-0.39	0.07	0.29	PFCOX
PFESX	-0.09	-0.07		-0.11	0.95	0.98	-0.15	0.9	0.92	0.92	PFESX
PFDOX	0.97	0.96	-0.11		-0.25	-0.06	0.93	-0.39	-0.01	0.23	PFDOX
PFGGX	-0.26	-0.26	0.95	-0.25		0.93	-0.31	0.95	0.83	0.79	PFGGX
PFFFX	-0.02	-0.02	0.98	-0.06	0.93		-0.1	0.9	0.93	0.93	PFFFX
PFFBX	0.94	0.93	-0.15	0.93	-0.31	-0.1		-0.39	0.02	0.21	PFFBX
PFFSX	-0.38	-0.39	0.9	-0.39	0.95	0.9	-0.39		0.85	0.75	PFFSX
PFIOX	0.06	0.07	0.92	-0.01	0.83	0.93	0.02	0.85		0.94	PFIOX
PFJDX	0.28	0.29	0.92	0.23	0.79	0.93	0.21	0.75	0.94		PFJDX
	PFADX	PFCOX	PFESX	PFDOX	PFGGX	PFFFX	PFFBX	PFFSX	PFIOX	PFJDX

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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

PFCOX	+ 0.99	PFADX
PFFFX	+ 0.98	PFESX
PFDOX	+ 0.97	PFADX
PFDOX	+ 0.96	PFCOX
PFGGX	+ 0.95	PFESX
PFFSX	+ 0.95	PFGGX

High negative correlations

PFFSX	- 0.39	PFFBX
PFFSX	- 0.39	PFDOX
PFFSX	- 0.39	PFCOX
PFFSX	- 0.38	PFADX
PFFBX	- 0.31	PFGGX
PFGGX	- 0.26	PFCOX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg Janus 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 Janus' 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
PFADX	0.21	(0.07)	0.00	(1.84)	0.00	0.00	0.31	(0.62)	2.47
PFCOX	0.16	(0.04)	0.00	(1.35)	0.00	0.00	0.21	(0.41)	1.54
PFESX	0.50	0.02	0.00	0.23	0.74	(0.52)	1.02	(1.08)	4.59
PFDOX	0.18	(0.05)	0.00	(0.87)	0.00	0.00	0.23	(0.46)	1.28
PFGGX	0.55	0.05	0.03	0.54	0.76	(0.65)	1.31	(1.08)	5.30
PFFFX	0.47	0.01	(0.01)	0.19	0.63	(0.60)	1.21	(0.86)	4.62
PFFBX	0.21	(0.06)	0.00	(0.81)	0.00	0.00	0.34	(0.66)	1.57
PFFSX	0.53	0.06	0.05	0.62	0.66	(0.64)	1.29	(0.86)	6.63
PFIOX	0.46	(0.02)	0.00	(0.10)	0.00	0.00	0.86	(0.86)	4.53
PFJDX	0.34	(0.02)	0.00	(0.19)	0.00	0.00	0.78	(0.70)	3.31

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