Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime 2015
LTINX Fund  USD 8.98  0.02  0.22%   
The current 90-days correlation between Principal Lifetime 2015 and Ab Small Cap is 0.79 (i.e., Poor diversification). The correlation of Principal Lifetime 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.

Principal Lifetime Correlation With Market

Poor diversification

The correlation between Principal Lifetime 2015 and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime 2015 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Principal Lifetime 2015. 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 board of governors.

Moving together with Principal Mutual Fund

  0.64SABPX Strategic Asset ManaPairCorr
  0.66SAGPX Strategic Asset ManaPairCorr
  0.92PFIJX Strategic Asset ManaPairCorr
  0.9PFILX Strategic Asset ManaPairCorr
  0.92PFIFX Strategic Asset ManaPairCorr
  0.8PFIGX Strategic Asset ManaPairCorr
  0.83PFIPX Strategic Asset ManaPairCorr
  0.96SAIPX Strategic Asset ManaPairCorr
  0.93PXASX Principal Lifetime 2030PairCorr
  0.71PFLJX Principal Lifetime 2050PairCorr
  0.9SAUPX Strategic Asset ManaPairCorr
  0.8PFUMX Finisterre UnconstrainedPairCorr
  0.73PGBAX Global Diversified IncomePairCorr
  0.76PGBLX Global Diversified IncomePairCorr
  0.7PGDCX Global Diversified IncomePairCorr
  0.76PGDIX Global Diversified IncomePairCorr
  0.86PGDRX Diversified Real AssetPairCorr
  0.66PGLSX Global Multi StrategyPairCorr
  0.67PYASX Principal Lifetime 2040PairCorr
  0.62PGSLX Principal Global SusPairCorr
  0.89PYHIX High Yield FundPairCorr
  0.76SCBPX Strategic Asset ManaPairCorr
  0.85SCIPX Strategic Asset ManaPairCorr
  0.67SCGPX Strategic Asset ManaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Principal Mutual Fund performing well and Principal Lifetime 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 Principal Lifetime'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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