Riskproreg; Dynamic Correlations

PFDOX Fund

USD 8.59 0.01 0.12%

The current 90-days correlation between Riskproreg; Dynamic and Riskproreg Tactical 0 30 is 0.15 (i.e., Average diversification). The correlation of Riskproreg; Dynamic 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.

Riskproreg; Dynamic Correlation With Market

Average diversification

The correlation between Riskproreg Dynamic 0 10 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riskproreg Dynamic 0 10 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 Riskproreg Dynamic 0 10. 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 persons.

Moving together with Riskproreg; Mutual Fund

0.99	PFADX	Riskproreg Pfg 0	Pair Corr
0.93	PFCOX	Pfg American Funds	Pair Corr
0.99	PFFBX	Pfg Fidelity Institu	Pair Corr
0.98	MWTNX	Metropolitan West Total	Pair Corr
0.98	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.98	FIWGX	Strategic Advisers	Pair Corr
0.98	DODIX	Dodge Income	Pair Corr
0.98	MWTIX	Metropolitan West Total	Pair Corr
0.98	MWTRX	Metropolitan West Total	Pair Corr
0.62	USPSX	Profunds Ultrashort	Pair Corr
0.62	USPIX	Profunds Ultrashort	Pair Corr
0.61	UIPIX	Ultrashort Mid Cap	Pair Corr

Moving against Riskproreg; Mutual Fund

0.68	PFFSX	Pfg Fidelity Institu	Pair Corr
0.53	PFGGX	Pfg American Funds	Pair Corr
0.49	PFSEX	Riskproreg; 30+	Pair Corr
0.47	PFTEX	Riskproreg Tactical	Pair Corr
0.46	PFESX	Pfg Br Equity	Pair Corr
0.46	PFJHX	Pfg Janus Henderson	Pair Corr
0.43	PFFFX	Pfg Fidelity Institu	Pair Corr
0.38	PFIOX	Pfg Invesco Thematic	Pair Corr
0.71	FTCAX	Templeton Strained Bond	Pair Corr
0.68	PYARX	Payden Absolute Return	Pair Corr
0.67	TIMVX	Tiaa-cref Mid-cap	Pair Corr
0.66	PYAIX	Payden Absolute Return	Pair Corr
0.66	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.56	TAAIX	Thrivent Aggressive	Pair Corr
0.53	CSDGX	Copeland Smid Cap	Pair Corr
0.49	BCAAX	Brandywineglobal C	Pair Corr
0.4	SECPX	Sdit Ultra Short	Pair Corr

Related Correlations Analysis

	PFTEX	PFJDX	PFSMX	PFSEX	PFADX
PFTEX		0.91	0.94	0.96	-0.42	PFTEX
PFJDX	0.91		0.98	0.95	-0.15	PFJDX
PFSMX	0.94	0.98		0.96	-0.21	PFSMX
PFSEX	0.96	0.95	0.96		-0.44	PFSEX
PFADX	-0.42	-0.15	-0.21	-0.44		PFADX
	PFTEX	PFJDX	PFSMX	PFSEX	PFADX

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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

PFSMX	+ 0.98	PFJDX
PFSEX	+ 0.96	PFTEX
PFSEX	+ 0.96	PFSMX
PFSEX	+ 0.95	PFJDX
PFSMX	+ 0.94	PFTEX
PFJDX	+ 0.91	PFTEX

High negative correlations

PFADX	- 0.44	PFSEX
PFADX	- 0.42	PFTEX
PFADX	- 0.21	PFSMX
PFADX	- 0.15	PFJDX

Risk-Adjusted Indicators

There is a big difference between Riskproreg; Mutual Fund performing well and Riskproreg; Dynamic 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 Riskproreg; Dynamic'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
PFTEX	0.51	(0.06)	(0.12)	0.04	0.64	(0.57)	1.13	(0.84)	3.65
PFJDX	0.35	(0.03)	(0.19)	0.06	0.39	(0.41)	0.80	(0.70)	2.13
PFSMX	0.47	(0.04)	(0.13)	0.05	0.56	(0.55)	1.10	(0.87)	3.10
PFSEX	0.53	(0.03)	(0.08)	0.08	0.66	(0.60)	1.20	(1.03)	3.52
PFADX	0.18	(0.03)	0.00	(0.43)	0.00	0.00	0.31	(0.41)	1.61

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