Principal Midcap Correlations

PCMVX Fund

USD 14.51 0.08 0.55%

The current 90-days correlation between Principal Midcap Value and Strategic Asset Management is -0.09 (i.e., Good diversification). The correlation of Principal Midcap 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 Midcap Correlation With Market

Good diversification

The correlation between Principal Midcap Value 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 Principal Midcap Value 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 Principal Midcap Value. 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 real.

Moving together with Principal Mutual Fund

0.98	SAGPX	Strategic Asset Mana	Pair Corr
0.9	SAIPX	Strategic Asset Mana	Pair Corr
0.91	PFLJX	Principal Lifetime 2050	Pair Corr
0.89	PFPPX	Midcap Growth	Pair Corr
0.97	PGRTX	Smallcap Growth	Pair Corr
0.97	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.97	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.97	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.91	PHJJX	Principal Lifetime Hybrid	Pair Corr
0.86	PHJMX	Principal Lifetime Hybrid	Pair Corr
0.85	SCUPX	Strategic Asset Mana	Pair Corr
0.88	PHTTX	Principal Lifetime Hybrid	Pair Corr
0.9	PHTMX	Principal Lifetime Hybrid	Pair Corr
0.82	PIFIX	Strategic Asset Mana	Pair Corr
0.61	PITEX	Tax Exempt Bond	Pair Corr
0.99	MPSIX	Midcap Sp 400	Pair Corr
0.98	PLFIX	Largecap Sp 500	Pair Corr
0.98	PLFPX	Largecap Sp 500	Pair Corr
0.97	PLHTX	Principal Lifetime Hybrid	Pair Corr
0.97	PLKTX	Principal Lifetime Hybrid	Pair Corr
0.9	PLSMX	Principal Lifetime	Pair Corr
0.91	PMAQX	Midcap Fund R	Pair Corr
0.91	PMBJX	Midcap Fund Class	Pair Corr
0.97	PMBCX	Midcap Fund Class	Pair Corr
0.91	PMBPX	Midcap Fund R	Pair Corr
0.94	PMDDX	Small Midcap Dividend	Pair Corr
0.99	PMDHX	Small Midcap Dividend	Pair Corr

Moving against Principal Mutual Fund

0.58	PGSLX	Principal Global Sus	Pair Corr
0.43	PIPIX	Inflation Protection	Pair Corr
0.71	PSIOX	Short Term Income	Pair Corr
0.5	PMRIX	Government High Quality	Pair Corr
0.44	CMPIX	Income Fund Class	Pair Corr

Related Correlations Analysis

	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX
SABPX		1.0	0.94	0.91	0.37	0.91	0.16	0.92	0.99	1.0	SABPX
SACAX	1.0		0.93	0.88	0.33	0.87	0.14	0.89	0.97	1.0	SACAX
SAGPX	0.94	0.93		0.87	0.28	0.87	0.06	0.88	0.93	0.93	SAGPX
PFIJX	0.91	0.88	0.87		0.57	1.0	0.31	1.0	0.96	0.9	PFIJX
PFIEX	0.37	0.33	0.28	0.57		0.57	0.92	0.55	0.46	0.39	PFIEX
PFIFX	0.91	0.87	0.87	1.0	0.57		0.31	1.0	0.96	0.9	PFIFX
PFISX	0.16	0.14	0.06	0.31	0.92	0.31		0.29	0.22	0.19	PFISX
PFIPX	0.92	0.89	0.88	1.0	0.55	1.0	0.29		0.97	0.91	PFIPX
SAIPX	0.99	0.97	0.93	0.96	0.46	0.96	0.22	0.97		0.98	SAIPX
PFLJX	1.0	1.0	0.93	0.9	0.39	0.9	0.19	0.91	0.98		PFLJX
	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX

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Risk-Adjusted Indicators

There is a big difference between Principal Mutual Fund performing well and Principal Midcap 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 Midcap'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
SABPX	0.69	0.02	0.00	(0.10)	0.00	0.00	1.11	(1.42)	6.56
SACAX	1.02	0.03	0.00	(0.10)	0.00	0.00	1.89	(2.31)	10.20
SAGPX	0.87	(0.10)	0.00	1.19	0.00	0.00	1.51	(1.87)	8.62
PFIJX	0.32	0.01	0.00	(0.09)	0.00	0.00	0.67	(0.83)	2.58
PFIEX	0.94	0.21	0.15	0.14	1.48	(0.98)	1.88	(2.10)	8.77
PFIFX	0.32	0.01	0.00	(0.08)	0.00	0.00	0.67	(0.85)	2.74
PFISX	0.89	0.22	0.16	0.20	1.33	(0.91)	2.14	(1.92)	8.81
PFIPX	0.32	0.01	0.00	(0.09)	0.00	0.00	0.66	(0.83)	2.57
SAIPX	0.45	0.02	0.00	(0.10)	0.00	0.00	0.72	(1.09)	4.14
PFLJX	1.01	0.05	0.00	(0.09)	0.00	0.00	1.79	(2.36)	10.36

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