International Small Correlations

PFISX Fund

USD 10.24 0.06 0.58%

The current 90-days correlation between International Small Pany and Vanguard Global Ex Us is 0.82 (i.e., Very poor diversification). The correlation of International Small 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.

International Small Correlation With Market

Good diversification

The correlation between International Small Pany and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Small Pany 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 International Small Pany. 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 state.

Moving together with International Mutual Fund

0.62	PFIJX	Strategic Asset Mana	Pair Corr
0.65	PFILX	Strategic Asset Mana	Pair Corr
0.97	PFIEX	International Equity	Pair Corr
0.62	PFIFX	Strategic Asset Mana	Pair Corr
0.73	PFIGX	Strategic Asset Mana	Pair Corr
0.68	PFIPX	Strategic Asset Mana	Pair Corr
0.63	SAUPX	Strategic Asset Mana	Pair Corr
0.7	PGBAX	Global Diversified Income	Pair Corr
0.66	PGBLX	Global Diversified Income	Pair Corr
0.76	PGDCX	Global Diversified Income	Pair Corr
0.68	PGDIX	Global Diversified Income	Pair Corr
0.77	PGRUX	Global Real Estate	Pair Corr
0.77	PGRVX	Global Real Estate	Pair Corr
0.63	PGSLX	Principal Global Sus	Pair Corr
0.77	PGRKX	Global Real Estate	Pair Corr

Moving against International Mutual Fund

0.59	PFPPX	Midcap Growth	Pair Corr
0.48	PGBEX	Blue Chip Fund	Pair Corr
0.48	PGBFX	Blue Chip Fund	Pair Corr
0.46	PGBGX	Blue Chip Fund	Pair Corr
0.46	PGBHX	Blue Chip Fund	Pair Corr
0.4	PGRTX	Smallcap Growth	Pair Corr
0.59	PGWIX	Midcap Growth	Pair Corr
0.59	PHPPX	Midcap Growth	Pair Corr
0.5	PHASX	Midcap Growth	Pair Corr

Related Correlations Analysis

	VGRLX	VTMGX	VEMAX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
VGRLX		0.88	0.36	0.26	0.0	-0.33	0.28	0.67	0.21	0.57	VGRLX
VTMGX	0.88		0.23	0.41	0.0	-0.24	0.18	0.37	-0.11	0.63	VTMGX
VEMAX	0.36	0.23		-0.54	0.0	-0.52	0.93	0.37	0.6	0.14	VEMAX
444859BR2	0.26	0.41	-0.54		0.0	0.21	-0.63	-0.02	-0.58	0.24	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.33	-0.24	-0.52	0.21	0.0		-0.51	-0.43	-0.41	-0.02	BRRAY
MSTSX	0.28	0.18	0.93	-0.63	0.0	-0.51		0.33	0.69	0.02	MSTSX
ABHYX	0.67	0.37	0.37	-0.02	0.0	-0.43	0.33		0.56	-0.02	ABHYX
LBHIX	0.21	-0.11	0.6	-0.58	0.0	-0.41	0.69	0.56		-0.21	LBHIX
SCAXF	0.57	0.63	0.14	0.24	0.0	-0.02	0.02	-0.02	-0.21		SCAXF
	VGRLX	VTMGX	VEMAX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MSTSX	+ 0.93	VEMAX
VTMGX	+ 0.88	VGRLX
LBHIX	+ 0.69	MSTSX
ABHYX	+ 0.67	VGRLX
SCAXF	+ 0.63	VTMGX
LBHIX	+ 0.6	VEMAX

High negative correlations

MSTSX	- 0.63	444859BR2
LBHIX	- 0.58	444859BR2
444859BR2	- 0.54	VEMAX
BRRAY	- 0.52	VEMAX
MSTSX	- 0.51	BRRAY
ABHYX	- 0.43	BRRAY

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Small 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 International Small'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
VGRLX	0.69	(0.04)	0.00	0.64	0.00	0.00	1.31	(1.25)	4.22
VTMGX	0.65	(0.06)	0.00	0.87	0.00	0.00	1.49	(1.49)	3.94
VEMAX	0.73	0.04	(0.08)	(0.33)	0.86	(0.80)	1.57	(1.68)	4.60
444859BR2	1.31	(0.03)	0.00	0.36	0.00	0.00	5.93	(4.50)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.20)	0.08	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.32)	0.44	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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

2024 Macroaxis LLC