Pfg Invesco Correlations

PFIOX Fund

USD 9.31 0.02 0.22%

The current 90-days correlation between Pfg Invesco Thematic and Tweedy Browne Global is -0.22 (i.e., Very good diversification). The correlation of Pfg Invesco 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 Invesco Correlation With Market

Almost no diversification

The correlation between Pfg Invesco Thematic and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Invesco Thematic 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 Invesco Thematic. 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 PFG Mutual Fund

0.83	PFESX	Pfg Br Equity	Pair Corr
0.63	PFGGX	Pfg American Funds	Pair Corr
0.93	PFJDX	Riskproreg; Dynamic	Pair Corr
0.69	PFJHX	Pfg Janus Henderson	Pair Corr
0.74	PFTEX	Riskproreg; Tactical	Pair Corr
0.84	PFSEX	Riskproreg; 30+	Pair Corr
0.84	PFSGX	Pfg Global Equity	Pair Corr
0.88	PFTSX	Pfg Tactical Income	Pair Corr
0.84	TPYAX	Touchstone Premium Yield	Pair Corr

Related Correlations Analysis

	TBCUX	ANAZX	MFIRX	BXFIX	DODWX	SGMAX	DBLGX
TBCUX		0.72	0.86	0.43	0.83	0.88	0.93	TBCUX
ANAZX	0.72		0.9	0.67	0.76	0.83	0.85	ANAZX
MFIRX	0.86	0.9		0.72	0.91	0.96	0.92	MFIRX
BXFIX	0.43	0.67	0.72		0.66	0.67	0.5	BXFIX
DODWX	0.83	0.76	0.91	0.66		0.97	0.84	DODWX
SGMAX	0.88	0.83	0.96	0.67	0.97		0.91	SGMAX
DBLGX	0.93	0.85	0.92	0.5	0.84	0.91		DBLGX
	TBCUX	ANAZX	MFIRX	BXFIX	DODWX	SGMAX	DBLGX

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Risk-Adjusted Indicators

There is a big difference between PFG Mutual Fund performing well and Pfg Invesco 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 Invesco'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
TBCUX	0.59	0.12	0.16	(0.76)	0.54	(0.67)	1.49	(1.14)	4.33
ANAZX	0.18	0.00	0.00	0.07	0.19	(0.29)	0.44	(0.44)	1.32
MFIRX	0.11	0.02	0.07	1.29	0.00	(0.21)	0.19	(0.19)	0.77
BXFIX	0.08	0.00	0.01	0.04	0.00	(0.26)	0.23	(0.12)	0.93
DODWX	0.59	0.12	0.15	0.17	0.64	(0.62)	1.28	(1.09)	4.15
SGMAX	0.41	0.09	0.19	0.19	0.32	(0.49)	0.95	(0.72)	2.73
DBLGX	0.22	0.02	0.07	0.34	0.14	(0.30)	0.48	(0.36)	1.21

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Pfg Invesco Correlations

Pfg Invesco Correlation With Market

Almost no diversification

Moving together with PFG Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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