Palmer Square Correlations

PSYPX Fund

USD 10.15 0.00 0.00%

The current 90-days correlation between Palmer Square Income and Fa 529 Aggressive is 0.02 (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 Income and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Palmer Square Income 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 Income. 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 american community survey.

Moving together with Palmer Mutual Fund

0.98	PSCIX	Palmer Square Ssi	Pair Corr
0.98	PSDSX	Palmer Square Ultra	Pair Corr
0.99	PSTPX	Short Term Income	Pair Corr
0.92	PTSPX	Pimco Short Term	Pair Corr
0.92	PTSHX	Short Term Fund	Pair Corr
0.92	PSFAX	Short Term Fund	Pair Corr
0.92	PTSRX	Short Term Fund	Pair Corr
0.89	PSDNX	Putnam Ultra Short	Pair Corr
0.92	LUSNX	Lord Abbett Ultra	Pair Corr
0.93	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.91	PSDRX	Putnam Short Duration	Pair Corr
0.9	PSDYX	Putnam Short Duration	Pair Corr
0.97	FTCAX	Templeton Strained Bond	Pair Corr
0.87	PYAIX	Payden Absolute Return	Pair Corr
0.87	PYARX	Payden Absolute Return	Pair Corr
0.91	BCAAX	Brandywineglobal C	Pair Corr
0.93	AMGOX	Alger Mid Cap	Pair Corr
0.63	SRGIX	Stringer Growth	Pair Corr
0.8	JILGX	Multimanager Lifestyle	Pair Corr
0.88	GMCQX	Gmo Equity Allocation	Pair Corr
0.86	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	WFPRX	Wells Fargo Special	Pair Corr
0.98	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.91	FDGRX	Fidelity Growth Pany	Pair Corr
0.91	NQCRX	Nuveen Nwq Large	Pair Corr
0.82	MXBUX	Great West Sp	Pair Corr
0.78	RMBKX	Rmb Mendon Financial	Pair Corr
0.85	IGIVX	Integrity Growth Income	Pair Corr
0.83	HWAAX	Hotchkis Wiley Value	Pair Corr

Moving against Palmer Mutual Fund

0.88	USPSX	Profunds Ultrashort	Pair Corr
0.88	USPIX	Profunds Ultrashort	Pair Corr
0.86	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	FFCGX	VOLJX	TMVAX	LTFXX	WRLDX	FIJFX	FALCX
FFCGX		0.68	0.64	0.12	0.82	0.89	0.0	FFCGX
VOLJX	0.68		0.82	0.14	0.8	0.64	0.0	VOLJX
TMVAX	0.64	0.82		0.07	0.82	0.51	0.0	TMVAX
LTFXX	0.12	0.14	0.07		0.05	0.14	0.0	LTFXX
WRLDX	0.82	0.8	0.82	0.05		0.73	0.0	WRLDX
FIJFX	0.89	0.64	0.51	0.14	0.73		0.0	FIJFX
FALCX	0.0	0.0	0.0	0.0	0.0	0.0		FALCX
	FFCGX	VOLJX	TMVAX	LTFXX	WRLDX	FIJFX	FALCX

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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

FIJFX	+ 0.89	FFCGX
WRLDX	+ 0.82	FFCGX
TMVAX	+ 0.82	VOLJX
WRLDX	+ 0.82	TMVAX
WRLDX	+ 0.8	VOLJX
FIJFX	+ 0.73	WRLDX

High negative correlations

FALCX	- 0.0	FIJFX
FALCX	- 0.0	WRLDX
FALCX	- 0.0	LTFXX
FALCX	- 0.0	TMVAX
FALCX	- 0.0	VOLJX
FALCX	- 0.0	FFCGX

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
FFCGX	0.56	(0.03)	(0.08)	0.07	0.69	(0.61)	1.26	(1.23)	3.41
VOLJX	0.76	0.10	(0.02)	(2.34)	1.12	(0.75)	1.47	(2.02)	4.97
TMVAX	0.87	0.00	0.03	0.11	0.79	(1.08)	2.28	(1.70)	8.08
LTFXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
WRLDX	0.49	(0.02)	(0.12)	0.08	0.46	(0.56)	0.92	(0.97)	2.75
FIJFX	0.76	0.06	(0.05)	7.61	0.87	(0.81)	1.63	(1.48)	4.27
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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