Princeton Premium Correlations

PPFAX Fund

USD 11.62 0.01 0.09%

The current 90-days correlation between Princeton Premium and Princeton Premium is -0.36 (i.e., Very good diversification). The correlation of Princeton Premium 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.

Princeton Premium Correlation With Market

Significant diversification

The correlation between Princeton Premium and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Premium 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 Princeton Premium. 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 nation.

Moving together with Princeton Mutual Fund

0.81	PPFIX	Princeton Premium	Pair Corr
0.73	PAPAX	Putnam Asia Pacific	Pair Corr
0.76	PAPIX	Princeton Adaptive	Pair Corr
0.85	FTCAX	Templeton Strained Bond	Pair Corr

Moving against Princeton Mutual Fund

0.62

UIPIX

Ultrashort Mid Cap

Pair Corr

Related Correlations Analysis

	PPFIX	PAPAX	PAPIX	OGEAX	DCFGX	USDIX	ESFCX	FADTX	PYBLX
PPFIX		0.88	0.91	0.22	0.12	0.21	0.17	0.12	0.15	PPFIX
PAPAX	0.88		1.0	-0.16	-0.25	-0.12	0.26	-0.25	-0.21	PAPAX
PAPIX	0.91	1.0		-0.1	-0.18	-0.05	0.25	-0.18	-0.14	PAPIX
OGEAX	0.22	-0.16	-0.1		0.93	0.71	-0.35	0.88	0.84	OGEAX
DCFGX	0.12	-0.25	-0.18	0.93		0.79	-0.41	0.96	0.86	DCFGX
USDIX	0.21	-0.12	-0.05	0.71	0.79		-0.14	0.73	0.85	USDIX
ESFCX	0.17	0.26	0.25	-0.35	-0.41	-0.14		-0.32	-0.23	ESFCX
FADTX	0.12	-0.25	-0.18	0.88	0.96	0.73	-0.32		0.84	FADTX
PYBLX	0.15	-0.21	-0.14	0.84	0.86	0.85	-0.23	0.84		PYBLX
	PPFIX	PAPAX	PAPIX	OGEAX	DCFGX	USDIX	ESFCX	FADTX	PYBLX

Click cells to compare fundamentals

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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

PAPIX	+ 1.0	PAPAX
FADTX	+ 0.96	DCFGX
DCFGX	+ 0.93	OGEAX
PAPIX	+ 0.91	PPFIX
PAPAX	+ 0.88	PPFIX
FADTX	+ 0.88	OGEAX

High negative correlations

ESFCX	- 0.41	DCFGX
ESFCX	- 0.35	OGEAX
FADTX	- 0.32	ESFCX
FADTX	- 0.25	PAPAX
DCFGX	- 0.25	PAPAX
PYBLX	- 0.23	ESFCX

Risk-Adjusted Indicators

There is a big difference between Princeton Mutual Fund performing well and Princeton Premium 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 Princeton Premium'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
PPFIX	0.15	(0.02)	0.00	0.47	0.00	0.00	0.17	(0.08)	3.44
PAPAX	0.14	(0.04)	0.00	2.33	0.00	0.00	0.10	0.00	2.95
PAPIX	0.14	(0.04)	0.00	1.71	0.00	0.00	0.10	0.00	2.89
OGEAX	0.53	0.07	0.04	1.94	0.73	(0.54)	1.08	(0.96)	5.48
DCFGX	0.80	0.13	0.06	3.52	1.14	(0.75)	1.42	(1.51)	6.38
USDIX	0.02	0.00	0.00	(0.13)	0.00	0.00	0.00	0.00	0.51
ESFCX	0.20	0.01	(0.08)	0.18	0.18	(0.38)	0.44	(0.43)	1.93
FADTX	1.02	0.07	0.01	0.47	1.94	(0.88)	1.79	(2.57)	5.85
PYBLX	0.06	0.01	0.00	0.66	0.00	0.00	0.10	(0.10)	0.71

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