Principal Lifetime Correlations
| PHTMX Fund | USD 11.36 0.03 0.26% |
The current 90-days correlation between Principal Lifetime Hybrid and Scharf Fund Retail is 0.45 (i.e., Very weak diversification). The correlation of Principal Lifetime 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.
Principal Lifetime Correlation With Market
Very weak diversification
The correlation between Principal Lifetime Hybrid and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime Hybrid and DJI in the same portfolio, assuming nothing else is changed.
Principal |
Moving together with Principal Mutual Fund
| 0.95 | FSNLX | Fidelity Freedom 2015 | PairCorr |
| 0.85 | PARHX | T Rowe Price | PairCorr |
| 0.86 | RRTMX | T Rowe Price | PairCorr |
| 0.95 | FFVFX | Fidelity Freedom 2015 | PairCorr |
| 0.95 | FPTKX | Fidelity Freedom 2015 | PairCorr |
| 0.86 | AABTX | American Funds 2015 | PairCorr |
| 0.86 | CCBTX | American Funds 2015 | PairCorr |
| 0.85 | FAKTX | American Funds 2015 | PairCorr |
| 0.63 | SMPSX | Semiconductor Ultrasector | PairCorr |
Related Correlations Analysis
| 0.89 | 0.79 | 0.61 | 0.59 | 0.82 | LOGRX | ||
| 0.89 | 0.84 | 0.76 | 0.69 | 0.85 | GTLSX | ||
| 0.79 | 0.84 | 0.86 | 0.91 | 0.93 | ARTNX | ||
| 0.61 | 0.76 | 0.86 | 0.9 | 0.89 | QLENX | ||
| 0.59 | 0.69 | 0.91 | 0.9 | 0.88 | DFVEX | ||
| 0.82 | 0.85 | 0.93 | 0.89 | 0.88 | SEHAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Principal Mutual Fund performing well and Principal Lifetime 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 Principal Lifetime'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LOGRX | 0.54 | (0.12) | 0.00 | (0.27) | 0.00 | 0.86 | 7.30 | |||
| GTLSX | 0.43 | (0.07) | 0.00 | (0.36) | 0.00 | 0.57 | 10.65 | |||
| ARTNX | 0.52 | (0.03) | 0.00 | (0.23) | 0.00 | 1.03 | 5.16 | |||
| QLENX | 0.47 | 0.01 | 0.00 | 0.04 | 1.38 | 0.76 | 8.74 | |||
| DFVEX | 0.59 | 0.03 | 0.02 | 0.13 | 0.73 | 1.16 | 7.30 | |||
| SEHAX | 0.66 | (0.04) | 0.00 | (0.14) | 0.00 | 1.11 | 11.52 |