Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPFX Fund  USD 63.66  0.01  0.02%   
The current 90-days correlation between Permanent Portfolio Class and The Fairholme Fund is 0.26 (i.e., Modest 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 0.49 (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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permanent Portfolio Class. 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 census.

Moving together with Permanent Mutual Fund

  1.0PRPHX Permanent Portfolio ClassPairCorr
  1.0PRPDX Permanent Portfolio ClassPairCorr
  0.63PRTBX Short Term TreasuryPairCorr
  0.65PRVBX Versatile Bond PortfolioPairCorr
  0.65PRVHX Versatile Bond PortfolioPairCorr
  0.67PRVDX Versatile Bond PortfolioPairCorr
  0.65FBONX American Funds AmericanPairCorr
  0.65FBAFX American Funds AmericanPairCorr
  0.65ABALX American BalancedPairCorr
  0.62BALCX American BalancedPairCorr
  0.64BALFX American BalancedPairCorr
  0.63RLBCX American BalancedPairCorr
  0.61RLBBX American BalancedPairCorr
  0.65CLBAX American BalancedPairCorr
  0.64CLBEX American BalancedPairCorr
  0.65RLBFX American BalancedPairCorr
  0.76EMO Clearbridge Energy MlpPairCorr
  0.77OSPPX Oppenheimer Steelpath MlpPairCorr
  0.77SPMPX Invesco Steelpath MlpPairCorr
  0.77SPMJX Invesco Steelpath MlpPairCorr
  0.75LSHEX Kinetics Spin OffPairCorr
  0.81PEPSX International EmergingPairCorr
  0.63SGSLX Western Asset MortgagePairCorr
  0.64PINCX Putnam IncomePairCorr
  0.61WFITX Intermediate Tax/amt-freePairCorr
  0.73TRGZX T Rowe PricePairCorr
  0.8VSIEX Jpmorgan InternationalPairCorr
  0.72WAFSX Western Asset InflationPairCorr

Moving against Permanent Mutual Fund

  0.43SMPSX Semiconductor UltrasectorPairCorr
  0.39SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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.

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