Global Real Correlations
| PGRKX Fund | USD 9.14 0.09 0.98% |
The current 90-days correlation between Global Real Estate and Fidelity Flex Servative is -0.03 (i.e., Good diversification). The correlation of Global Real 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.
Global Real Correlation With Market
Good diversification
The correlation between Global Real Estate 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 Global Real Estate and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Mutual Fund
| 0.67 | SABPX | Strategic Asset Mana | PairCorr |
| 0.74 | PFIEX | International Equity | PairCorr |
| 0.64 | PFLJX | Principal Lifetime 2050 | PairCorr |
| 0.76 | PGBAX | Global Diversified Income | PairCorr |
| 0.82 | PGRUX | Global Real Estate | PairCorr |
| 0.88 | PHJTX | Principal Lifetime Hybrid | PairCorr |
| 0.93 | PHTFX | Principal Lifetime Hybrid | PairCorr |
| 0.94 | SCUPX | Strategic Asset Mana | PairCorr |
| 0.8 | PHTTX | Principal Lifetime Hybrid | PairCorr |
| 0.94 | PIFIX | Strategic Asset Mana | PairCorr |
| 0.74 | PIIQX | International Equity | PairCorr |
| 0.69 | PIOOX | Income Fund R | PairCorr |
| 0.76 | PIREX | Real Estate Securities | PairCorr |
| 0.9 | PLFJX | Principal Lifetime 2020 | PairCorr |
| 0.64 | PLJIX | Principal Lifetime 2065 | PairCorr |
| 0.82 | PLTJX | Principal Lifetime 2030 | PairCorr |
| 0.78 | PLZTX | Principal Lifetime Hybrid | PairCorr |
| 0.66 | PMSAX | Global Multi Strategy | PairCorr |
| 0.7 | CMPIX | Income Fund Class | PairCorr |
| 0.79 | POMFX | Opportunistic Municipal | PairCorr |
| 1.0 | POSAX | Global Real Estate | PairCorr |
| 0.77 | PPSAX | Preferred Securities | PairCorr |
| 0.93 | PALTX | Principal Lifetime | PairCorr |
| 0.68 | PSBIX | Strategic Asset Mana | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Global Mutual Fund performing well and Global Real 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 Global Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FUEMX | 0.04 | 0.00 | 0.00 | (1.27) | 0.00 | 0.10 | 0.40 | |||
| CMGUX | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.54 | |||
| BXDCX | 0.08 | 0.01 | 0.65 | 1.03 | 0.00 | 0.22 | 0.54 | |||
| SUSAX | 0.06 | 0.01 | 0.72 | 1.31 | 0.00 | 0.10 | 0.51 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.26) | 0.00 | 0.10 | 0.40 | |||
| TSDCX | 0.05 | 0.01 | 0.63 | 1.15 | 0.00 | 0.11 | 0.66 | |||
| FSHAX | 0.05 | 0.00 | 0.41 | 0.13 | 0.00 | 0.10 | 0.51 |