Pfg American Correlations

PFGGX Fund

USD 13.00 0.05 0.39%

The current 90-days correlation between Pfg American Funds and Riskproreg Pfg 30 is 0.89 (i.e., Very poor diversification). The correlation of Pfg American 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.

Pfg American Correlation With Market

Poor diversification

The correlation between Pfg American Funds and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg American Funds 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 Pfg American Funds. 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 Pfg Mutual Fund

0.98	PFESX	Pfg Br Equity	Pair Corr
0.98	PFFFX	Pfg Fidelity Institu	Pair Corr
0.96	PFFSX	Pfg Fidelity Institu	Pair Corr
0.96	PFIOX	Pfg Invesco Thematic	Pair Corr
0.93	PFJDX	Riskproreg; Dynamic	Pair Corr
0.97	PFJHX	Pfg Janus Henderson	Pair Corr
0.96	PFTEX	Riskproreg Tactical	Pair Corr
0.99	PFSEX	Riskproreg; 30+	Pair Corr
0.94	PFSMX	Riskproreg Pfg 30	Pair Corr
0.72	PFTSX	Pfg Tactical Income	Pair Corr
0.97	FAFGX	American Funds	Pair Corr
0.97	FFAFX	American Funds	Pair Corr
0.97	GFACX	Growth Fund	Pair Corr
0.97	GFAFX	Growth Fund	Pair Corr
0.97	AGTHX	Growth Fund	Pair Corr
0.97	CGFFX	Growth Fund	Pair Corr
0.97	CGFCX	Growth Fund	Pair Corr
0.97	CGFAX	Growth Fund	Pair Corr
0.97	CGFEX	Growth Fund	Pair Corr
0.97	RGAEX	Growth Fund	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VINIX	Vanguard Institutional	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.94	LLPFX	Longleaf Partners	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.97	FBALX	Fidelity Balanced	Pair Corr
0.76	RIV	Rivernorth Opportunities	Pair Corr
0.9	GRSPX	Greenspring Fund Retail	Pair Corr

Moving against Pfg Mutual Fund

0.61	PFFBX	Pfg Fidelity Institu	Pair Corr
0.53	PFDOX	Riskproreg; Dynamic	Pair Corr
0.49	PFADX	Riskproreg Pfg 0	Pair Corr

Related Correlations Analysis

	PFSMX	PFESX	PFSEX	PFCOX
PFSMX		0.96	0.96	0.06	PFSMX
PFESX	0.96		0.99	-0.15	PFESX
PFSEX	0.96	0.99		-0.18	PFSEX
PFCOX	0.06	-0.15	-0.18		PFCOX
	PFSMX	PFESX	PFSEX	PFCOX

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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

PFSEX	+ 0.99	PFESX
PFESX	+ 0.96	PFSMX
PFSEX	+ 0.96	PFSMX
PFCOX	+ 0.06	PFSMX

High negative correlations

PFCOX	- 0.18	PFSEX
PFCOX	- 0.15	PFESX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg American 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 Pfg American'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
PFSMX	0.47	(0.04)	(0.13)	0.05	0.56	(0.55)	1.10	(0.87)	3.10
PFESX	0.55	(0.04)	(0.09)	0.06	0.72	(0.60)	1.19	(1.16)	3.55
PFSEX	0.53	(0.03)	(0.08)	0.08	0.66	(0.60)	1.20	(1.03)	3.52
PFCOX	0.14	(0.03)	0.00	(0.12)	0.00	0.00	0.31	(0.31)	1.22

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