Princeton Longshort Correlations

Summary

PTAAXDelisted Fund

USD 7.88 0.00 0.00%

The current 90-days correlation between Princeton Longshort and Ppm High Yield is -0.07 (i.e., Good diversification). The correlation of Princeton Longshort 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.

Princeton Longshort Correlation With Market

Good diversification

The correlation between Princeton Longshort Treasury and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Longshort Treasury and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 nation.

Moving together with PRINCETON Mutual Fund

0.67	JSORX	Jpmorgan Strategic Income	Pair Corr
0.66	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.67	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.7	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.69	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.67	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against PRINCETON Mutual Fund

0.53	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.53	PQTAX	Pimco Trends Managed	Pair Corr
0.52	GPMFX	Guidepath Managed Futures	Pair Corr
0.52	PQTNX	Pimco Trends Managed	Pair Corr
0.52	PQTIX	Aa Pimco Tr	Pair Corr
0.49	GPBFX	Gmo E Plus	Pair Corr
0.41	GAAGX	Gmo Alternative Allo	Pair Corr
0.39	GAAKX	Gmo Alternative Allo	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.56	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.35	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	PKHIX	ACHFX	BHYRX	SGYAX	TAHYX	PHDTX	ARTFX
PKHIX		0.96	0.96	0.91	0.93	0.93	0.95	PKHIX
ACHFX	0.96		0.98	0.88	0.98	0.91	0.94	ACHFX
BHYRX	0.96	0.98		0.84	0.96	0.88	0.9	BHYRX
SGYAX	0.91	0.88	0.84		0.84	0.92	0.97	SGYAX
TAHYX	0.93	0.98	0.96	0.84		0.88	0.91	TAHYX
PHDTX	0.93	0.91	0.88	0.92	0.88		0.96	PHDTX
ARTFX	0.95	0.94	0.9	0.97	0.91	0.96		ARTFX
	PKHIX	ACHFX	BHYRX	SGYAX	TAHYX	PHDTX	ARTFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between PRINCETON Mutual Fund performing well and Princeton Longshort 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 Princeton Longshort'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PKHIX	0.11	0.01	(0.55)	0.38	(0.19)	0.34	(0.22)	0.90
ACHFX	0.13	0.01	(0.58)	0.33	(0.20)	0.35	(0.23)	0.93
BHYRX	0.12	0.01	(0.57)	0.28	(0.21)	0.28	(0.28)	0.85
SGYAX	0.14	0.03	(0.55)	0.53	(0.25)	0.28	(0.14)	1.28
TAHYX	0.11	0.01	(0.71)	0.47	(0.16)	0.23	(0.23)	0.68
PHDTX	0.09	0.02	(0.67)	0.41	(0.15)	0.23	(0.11)	0.56
ARTFX	0.12	0.03	(0.64)	0.58	(0.21)	0.33	(0.22)	1.01

Princeton Longshort Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Princeton Longshort mutual fund to make a market-neutral strategy. Peer analysis of Princeton Longshort could also be used in its relative valuation, which is a method of valuing Princeton Longshort by comparing valuation metrics with similar companies.

Ppm High Yield American Century High Blackrock High Yield Siit High Yield Pioneer High Yield Pace High Yield Artisan High Income American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Princeton Longshort Treasury?

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