Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PLHRX Fund  USD 15.54  0.14  0.91%   
The current 90-days correlation between Principal Lifetime Hybrid and Strategic Asset Management is -0.05 (i.e., Good 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

Good diversification

The correlation between Principal Lifetime Hybrid and DJI is -0.14 (i.e., Good 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Principal Lifetime Hybrid. 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 metropolitan statistical area.

Moving together with Principal Mutual Fund

  0.81SABPX Strategic Asset ManaPairCorr
  0.93SACAX Strategic Asset ManaPairCorr
  0.83SAIPX Strategic Asset ManaPairCorr
  0.92PFLJX Principal Lifetime 2050PairCorr
  0.73PFPPX Midcap GrowthPairCorr
  0.88PGBEX Blue Chip FundPairCorr
  0.88PGBGX Blue Chip FundPairCorr
  0.88PGBHX Blue Chip FundPairCorr
  0.79PGRTX Smallcap GrowthPairCorr
  0.73PGWIX Midcap GrowthPairCorr
  0.89SCBPX Strategic Asset ManaPairCorr
  0.85SCIPX Strategic Asset ManaPairCorr
  0.9SCGPX Strategic Asset ManaPairCorr
  0.92PHJEX Principal Lifetime HybridPairCorr
  0.65PHJFX Principal Lifetime HybridPairCorr
  0.94PHJGX Principal Lifetime HybridPairCorr
  0.94PHJBX Principal Lifetime HybridPairCorr
  0.93PHJDX Principal Lifetime HybridPairCorr
  0.86PHJNX Principal Lifetime HybridPairCorr
  0.82PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.55 (0.14) 0.00  3.15  0.00 
 0.00 
 0.85 
(1.18)
 5.26 
SACAX  0.77 (0.17) 0.00  0.80  0.00 
 0.00 
 1.19 
(1.52)
 6.50 
SAGPX  0.57  0.05  0.00 (0.02) 0.00 
 0.00 
 1.09 
(1.23)
 3.29 
PFIJX  0.24 (0.03) 0.00  0.25  0.00 
 0.00 
 0.42 
(0.49)
 1.52 
PFIEX  0.71  0.06  0.18 (0.45) 0.87 
(0.77)
 1.54 
(1.44)
 4.78 
PFIFX  0.24 (0.03) 0.00  0.25  0.00 
 0.00 
 0.50 
(0.49)
 1.51 
PFISX  0.67  0.05  0.17 (0.35) 0.85 
(0.69)
 1.49 
(1.28)
 5.30 
PFIPX  0.24 (0.03) 0.00  0.27  0.00 
 0.00 
 0.42 
(0.50)
 1.59 
SAIPX  0.35 (0.06) 0.00  0.51  0.00 
 0.00 
 0.64 
(0.72)
 1.78 
PFLJX  0.75 (0.14) 0.00  0.72  0.00 
 0.00 
 1.27 
(1.60)
 5.74 

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