Palmer Square Correlations

PSDSX Fund

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The current 90-days correlation between Palmer Square Ultra and SCOR PK is 0.07 (i.e., Significant diversification). The correlation of Palmer Square 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.

Palmer Square Correlation With Market

Average diversification

The correlation between Palmer Square Ultra Short and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Palmer Square Ultra Short 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 Palmer Square Ultra Short. 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 state.

Moving together with Palmer Mutual Fund

0.78	PSCIX	Palmer Square Ssi	Pair Corr
0.66	PSTPX	Short Term Income	Pair Corr
0.98	PSYPX	Palmer Square Income	Pair Corr
0.75	PTSPX	Pimco Short Term	Pair Corr
0.75	PTSHX	Short Term Fund	Pair Corr
0.82	PSFAX	Short Term Fund	Pair Corr
0.82	PTSRX	Short Term Fund	Pair Corr
0.7	PSDNX	Putnam Ultra Short	Pair Corr
0.92	LUSNX	Lord Abbett Ultra	Pair Corr
0.69	VUBFX	Vanguard Ultra Short	Pair Corr
0.71	PSDRX	Putnam Short Duration	Pair Corr
0.75	PSDYX	Putnam Short Duration	Pair Corr
0.65	SMPIX	Semiconductor Ultrasector	Pair Corr
0.62	SMPSX	Semiconductor Ultrasector	Pair Corr
0.9	RMQAX	Monthly Rebalance	Pair Corr
0.9	RMQHX	Monthly Rebalance	Pair Corr
0.9	RMQCX	Monthly Rebalance	Pair Corr
0.68	FSELX	Fidelity Select Semi	Pair Corr
0.78	RSNYX	Victory Global Natural	Pair Corr
0.91	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.63	FIKGX	Fidelity Advisor Sem	Pair Corr
0.93	KNPAX	Kinetics Paradigm	Pair Corr
0.94	VAADX	Virtus Convertible	Pair Corr
0.84	WWLAX	Westwood Largecap Value	Pair Corr
0.97	WAMIX	Wstcm Credit Select	Pair Corr
0.94	VIGIX	Vanguard Growth Index	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.7	MLUFX	Massmutual Select Mid	Pair Corr
0.81	GAB	Gabelli Equity Trust	Pair Corr
0.75	GRFXX	Money Market Obligations	Pair Corr
0.71	USPRX	Sp 500 Index	Pair Corr
0.94	VIGAX	Vanguard Growth Index	Pair Corr
0.84	FGB	First Trust Specialty	Pair Corr

Related Correlations Analysis

	SCRYY	MSTSX	VIASP	XTWO	SVII	70082LAB3	XTWY	SEGI	FPCG	KMX
SCRYY		0.38	0.77	-0.17	-0.4	0.52	-0.37	0.39	0.0	0.7	SCRYY
MSTSX	0.38		0.08	-0.1	0.17	0.2	-0.32	0.06	0.0	0.22	MSTSX
VIASP	0.77	0.08		-0.3	-0.22	0.71	-0.43	0.66	0.0	0.7	VIASP
XTWO	-0.17	-0.1	-0.3		-0.55	-0.65	0.9	-0.74	0.0	0.2	XTWO
SVII	-0.4	0.17	-0.22	-0.55		0.29	-0.45	0.38	0.0	-0.44	SVII
70082LAB3	0.52	0.2	0.71	-0.65	0.29		-0.73	0.91	0.0	0.46	70082LAB3
XTWY	-0.37	-0.32	-0.43	0.9	-0.45	-0.73		-0.77	0.0	0.04	XTWY
SEGI	0.39	0.06	0.66	-0.74	0.38	0.91	-0.77		0.0	0.32	SEGI
FPCG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FPCG
KMX	0.7	0.22	0.7	0.2	-0.44	0.46	0.04	0.32	0.0		KMX
	SCRYY	MSTSX	VIASP	XTWO	SVII	70082LAB3	XTWY	SEGI	FPCG	KMX

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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

SEGI	+ 0.91	70082LAB3
XTWY	+ 0.9	XTWO
VIASP	+ 0.77	SCRYY
70082LAB3	+ 0.71	VIASP
KMX	+ 0.7	SCRYY
KMX	+ 0.7	VIASP

High negative correlations

SEGI	- 0.77	XTWY
SEGI	- 0.74	XTWO
XTWY	- 0.73	70082LAB3
70082LAB3	- 0.65	XTWO
SVII	- 0.55	XTWO
XTWY	- 0.45	SVII

Risk-Adjusted Indicators

There is a big difference between Palmer Mutual Fund performing well and Palmer Square 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 Palmer Square'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
SCRYY	1.87	0.36	0.09	(0.62)	1.75	(2.79)	5.61	(3.52)	12.99
MSTSX	0.45	0.00	(0.10)	0.11	0.39	(0.58)	1.21	(0.84)	2.80
VIASP	0.76	0.12	0.00	(1.56)	1.12	(0.82)	2.28	(1.20)	7.18
XTWO	0.08	(0.01)	0.00	1.36	0.00	0.00	0.12	(0.12)	0.53
SVII	0.18	(0.05)	(0.17)	(0.03)	0.39	(0.29)	0.44	(0.53)	4.77
70082LAB3	0.70	0.07	(0.03)	1.15	0.99	(0.84)	1.75	(1.19)	6.86
XTWY	0.76	(0.13)	0.00	1.56	0.00	0.00	1.33	(1.70)	5.49
SEGI	10.37	2.55	0.14	(1.13)	10.19	(16.01)	28.57	(18.18)	62.86
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.39	0.04	0.04	0.15	1.52	(1.53)	4.14	(2.75)	8.69

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