Permanent Portfolio Correlations
| PRPDX Fund | USD 63.35 0.30 0.47% |
The current 90-days correlation between Permanent Portfolio Class and Pace Large Value is -0.09 (i.e., Good diversification). The correlation of Permanent Portfolio 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.
Permanent Portfolio Correlation With Market
Very weak diversification
The correlation between Permanent Portfolio Class and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Permanent Portfolio Class and DJI in the same portfolio, assuming nothing else is changed.
Permanent |
Moving together with Permanent Mutual Fund
| 1.0 | PRPHX | Permanent Portfolio Class | PairCorr |
| 0.96 | PRPFX | Permanent Portfolio Class | PairCorr |
| 0.62 | FBONX | American Funds American | PairCorr |
| 0.62 | FBAFX | American Funds American | PairCorr |
| 0.61 | ABALX | American Balanced | PairCorr |
| 0.61 | BALFX | American Balanced | PairCorr |
| 0.61 | CLBAX | American Balanced | PairCorr |
| 0.62 | RLBFX | American Balanced | PairCorr |
| 0.61 | EMO | Clearbridge Energy Mlp | PairCorr |
| 0.63 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.69 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.62 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.61 | LSHEX | Kinetics Spin Off | PairCorr |
| 0.72 | PEPSX | International Emerging | PairCorr |
| 0.61 | TRGZX | T Rowe Price | PairCorr |
| 0.71 | VSIEX | Jpmorgan International Potential Growth | PairCorr |
| 0.73 | SEWIX | Guggenheim World Equity | PairCorr |
| 0.65 | WAFSX | Western Asset Inflation | PairCorr |
Related Correlations Analysis
| 0.59 | 0.56 | 0.52 | 1.0 | 0.56 | PCPAX | ||
| 0.59 | -0.25 | 0.89 | 0.58 | 0.78 | VAAGX | ||
| 0.56 | -0.25 | -0.21 | 0.56 | -0.03 | CMIFX | ||
| 0.52 | 0.89 | -0.21 | 0.51 | 0.92 | TALCX | ||
| 1.0 | 0.58 | 0.56 | 0.51 | 0.56 | PCLVX | ||
| 0.56 | 0.78 | -0.03 | 0.92 | 0.56 | CBLSX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Permanent Mutual Fund performing well and Permanent Portfolio 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 Permanent Portfolio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCPAX | 0.58 | 0.07 | 0.10 | (0.54) | 0.58 | 1.23 | 3.20 | |||
| VAAGX | 0.66 | (0.02) | 0.00 | 0.27 | 0.00 | 1.15 | 3.27 | |||
| CMIFX | 0.07 | 0.01 | 0.11 | (0.62) | 0.00 | 0.10 | 0.41 | |||
| TALCX | 0.62 | 0.00 | 0.01 | 0.00 | 0.77 | 1.36 | 3.68 | |||
| PCLVX | 0.59 | 0.07 | 0.10 | (0.53) | 0.59 | 1.24 | 3.17 | |||
| CBLSX | 0.60 | 0.04 | 0.06 | 0.05 | 0.68 | 1.25 | 3.20 |