Midcap Fund Correlations

PEMGX Fund

USD 39.29 0.64 1.60%

The current 90-days correlation between Midcap Fund Class and Strategic Advisers Fidelity is -0.03 (i.e., Good diversification). The correlation of Midcap Fund 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.

Midcap Fund Correlation With Market

Very poor diversification

The correlation between Midcap Fund Class and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Midcap Fund Class 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 Midcap Fund Class. 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 price.

Moving together with Midcap Mutual Fund

0.84	SABPX	Strategic Asset Mana	Pair Corr
0.84	SACAX	Strategic Asset Mana	Pair Corr
0.84	SAGPX	Strategic Asset Mana	Pair Corr
0.81	PFIJX	Strategic Asset Mana	Pair Corr
0.77	PFIEX	International Equity	Pair Corr
0.8	PFIFX	Strategic Asset Mana	Pair Corr
0.76	PFISX	International Small Pany	Pair Corr
0.8	PFIPX	Strategic Asset Mana	Pair Corr
0.84	SAIPX	Strategic Asset Mana	Pair Corr
0.85	PFLJX	Principal Lifetime 2050	Pair Corr
0.82	SAUPX	Strategic Asset Mana	Pair Corr
0.7	PFUMX	Finisterre Unconstrained	Pair Corr
0.94	PGBEX	Blue Chip Fund	Pair Corr
0.94	PGBGX	Blue Chip Fund	Pair Corr
0.94	PGBHX	Blue Chip Fund	Pair Corr
0.84	PGLSX	Global Multi Strategy	Pair Corr
0.64	STCCX	Short Term Income	Pair Corr
0.86	PGRTX	Smallcap Growth	Pair Corr
0.84	SCBPX	Strategic Asset Mana	Pair Corr
0.84	SCIPX	Strategic Asset Mana	Pair Corr
0.84	SCGPX	Strategic Asset Mana	Pair Corr
0.82	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.82	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.82	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.83	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.82	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.82	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.83	PHJQX	Principal Lifetime Hybrid	Pair Corr
0.83	PHJJX	Principal Lifetime Hybrid	Pair Corr
0.82	PHJMX	Principal Lifetime Hybrid	Pair Corr
0.83	PHJYX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	SWTSX	DFCEX	TRFHX	FKDNX	RFKTX	BHYIX	FOCPX	OTCIX	DFQTX	FGOMX
SWTSX		0.71	0.9	0.33	0.94	0.87	0.94	0.79	0.94	0.73	SWTSX
DFCEX	0.71		0.92	-0.04	0.88	0.78	0.71	0.59	0.83	1.0	DFCEX
TRFHX	0.9	0.92		0.04	0.98	0.92	0.84	0.77	0.97	0.93	TRFHX
FKDNX	0.33	-0.04	0.04		0.16	0.09	0.37	0.14	0.07	-0.02	FKDNX
RFKTX	0.94	0.88	0.98	0.16		0.94	0.88	0.79	0.97	0.9	RFKTX
BHYIX	0.87	0.78	0.92	0.09	0.94		0.77	0.82	0.92	0.8	BHYIX
FOCPX	0.94	0.71	0.84	0.37	0.88	0.77		0.7	0.86	0.72	FOCPX
OTCIX	0.79	0.59	0.77	0.14	0.79	0.82	0.7		0.83	0.61	OTCIX
DFQTX	0.94	0.83	0.97	0.07	0.97	0.92	0.86	0.83		0.84	DFQTX
FGOMX	0.73	1.0	0.93	-0.02	0.9	0.8	0.72	0.61	0.84		FGOMX
	SWTSX	DFCEX	TRFHX	FKDNX	RFKTX	BHYIX	FOCPX	OTCIX	DFQTX	FGOMX

Please upgrade your account to get full access to Macroaxis premium features

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

FGOMX	+ 1.0	DFCEX
RFKTX	+ 0.98	TRFHX
DFQTX	+ 0.97	TRFHX
DFQTX	+ 0.97	RFKTX
RFKTX	+ 0.94	SWTSX
FOCPX	+ 0.94	SWTSX

High negative correlations

FKDNX	- 0.04	DFCEX
FGOMX	- 0.02	FKDNX

Risk-Adjusted Indicators

There is a big difference between Midcap Mutual Fund performing well and Midcap Fund 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 Midcap Fund'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
SWTSX	0.63	(0.05)	(0.07)	0.02	0.87	(0.64)	1.39	(1.64)	3.79
DFCEX	0.59	0.08	0.06	0.24	0.52	(0.71)	1.35	(1.09)	3.46
TRFHX	0.37	0.01	(0.05)	0.11	0.39	(0.38)	0.82	(0.69)	1.94
FKDNX	1.03	(0.21)	0.00	(11.17)	0.00	0.00	1.68	(2.66)	6.70
RFKTX	0.57	0.00	(0.03)	0.07	0.71	(0.59)	1.16	(1.22)	3.10
BHYIX	0.11	0.00	(0.37)	0.13	0.00	(0.19)	0.14	(0.14)	0.98
FOCPX	0.91	(0.06)	(0.04)	0.01	1.60	(0.81)	1.74	(2.29)	8.57
OTCIX	1.13	0.12	0.09	0.23	1.02	(1.39)	1.36	(1.77)	19.27
DFQTX	0.59	0.02	0.01	0.10	0.69	(0.63)	1.28	(1.32)	3.33
FGOMX	0.67	0.09	0.07	0.23	0.61	(0.75)	1.41	(1.10)	4.41

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC