Permanent Portfolio Correlations
PRPFX Fund | USD 64.45 0.04 0.06% |
The current 90-days correlation between Permanent Portfolio Class and The Fairholme Fund is 0.34 (i.e., Weak 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
Weak diversification
The correlation between Permanent Portfolio Class and DJI is 0.37 (i.e., 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 |
1.0 | PRPDX | Permanent Portfolio Class | PairCorr |
0.65 | PRVBX | Versatile Bond Portfolio | PairCorr |
0.68 | PRVHX | Versatile Bond Portfolio | PairCorr |
0.66 | PRVDX | Versatile Bond Portfolio | PairCorr |
0.89 | PAGDX | Aggressive Growth | PairCorr |
0.88 | PAGHX | Aggressive Growth | PairCorr |
0.89 | PAGRX | Aggressive Growth | PairCorr |
0.62 | FBONX | American Funds American | PairCorr |
0.62 | FBAFX | American Funds American | PairCorr |
0.62 | ABALX | American Balanced | PairCorr |
0.61 | BALFX | American Balanced | PairCorr |
0.61 | RLBCX | American Balanced | PairCorr |
0.61 | CLBAX | American Balanced | PairCorr |
0.61 | CLBEX | American Balanced | PairCorr |
0.62 | RLBFX | American Balanced | PairCorr |
0.72 | NHS | Neuberger Berman High | PairCorr |
0.64 | SHYPX | American Beacon Sim | PairCorr |
0.62 | VFINX | Vanguard 500 Index | PairCorr |
0.81 | DFIEX | International E Equity | PairCorr |
0.61 | SPXUX | Wisdomtree Digital Trust | PairCorr |
0.75 | TLHIX | Tiaa Cref Lifecycle | PairCorr |
0.77 | TCIEX | Tiaa Cref International | PairCorr |
0.66 | TENWX | Tiaa Cref Emerging | PairCorr |
0.71 | CWVIX | Calvert International | PairCorr |
0.79 | BRIEX | Blackrock Retirement | PairCorr |
Related Correlations Analysis
0.7 | 0.75 | 0.32 | 0.81 | FAIRX | ||
0.7 | 0.83 | 0.42 | 0.81 | FPACX | ||
0.75 | 0.83 | 0.07 | 0.64 | YACKX | ||
0.32 | 0.42 | 0.07 | 0.68 | HSTRX | ||
0.81 | 0.81 | 0.64 | 0.68 | OAKBX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FAIRX | 0.80 | (0.09) | 0.00 | (0.14) | 0.00 | 1.69 | 5.34 | |||
FPACX | 0.43 | (0.03) | 0.00 | (0.16) | 0.00 | 0.66 | 5.05 | |||
YACKX | 0.53 | (0.15) | 0.00 | (0.28) | 0.00 | 0.84 | 8.61 | |||
HSTRX | 0.29 | 0.01 | 0.02 | 0.06 | 0.30 | 0.63 | 1.39 | |||
OAKBX | 0.38 | (0.01) | (0.01) | (0.01) | 0.54 | 0.76 | 3.16 |