Riskproreg; Dynamic Correlations

PFJDX Fund

USD 11.48 0.04 0.35%

The current 90-days correlation between Riskproreg; Dynamic and Riskproreg 30 Fund is 0.97 (i.e., Almost no 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

Poor diversification

The correlation between Riskproreg Dynamic 20 30 and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riskproreg Dynamic 20 30 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 20 30. 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 unemployment.

Moving together with Riskproreg; Mutual Fund

0.95	PFESX	Pfg Br Equity	Pair Corr
0.93	PFGGX	Pfg American Funds	Pair Corr
0.96	PFFFX	Pfg Fidelity Institu	Pair Corr
0.83	PFFSX	Pfg Fidelity Institu	Pair Corr
0.96	PFIOX	Pfg Invesco Thematic	Pair Corr
0.92	PFJHX	Pfg Janus Henderson	Pair Corr
0.91	PFTEX	Riskproreg Tactical	Pair Corr
0.95	PFSEX	Riskproreg; 30+	Pair Corr
0.98	PFSMX	Riskproreg Pfg 30	Pair Corr
0.89	PFTSX	Pfg Tactical Income	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.97	ABALX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.97	RLBBX	American Balanced	Pair Corr
0.97	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr
0.97	RLBFX	American Balanced	Pair Corr
0.75	SMPSX	Semiconductor Ultrasector	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.84	FEMDX	Franklin Emerging Market	Pair Corr
0.84	LLPFX	Longleaf Partners	Pair Corr
0.72	GAB	Gabelli Equity Trust	Pair Corr
0.76	RQECX	Resq Dynamic Allocation	Pair Corr
0.78	LTFOX	Lord Abbett Affiliated	Pair Corr

Moving against Riskproreg; Mutual Fund

0.46	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.34	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	PFSEX	PFSMX	PFTEX	PFDOX	PFADX
PFSEX		0.96	0.96	-0.49	-0.44	PFSEX
PFSMX	0.96		0.94	-0.27	-0.21	PFSMX
PFTEX	0.96	0.94		-0.47	-0.42	PFTEX
PFDOX	-0.49	-0.27	-0.47		0.99	PFDOX
PFADX	-0.44	-0.21	-0.42	0.99		PFADX
	PFSEX	PFSMX	PFTEX	PFDOX	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

PFADX	+ 0.99	PFDOX
PFSMX	+ 0.96	PFSEX
PFTEX	+ 0.96	PFSEX
PFTEX	+ 0.94	PFSMX

High negative correlations

PFDOX	- 0.49	PFSEX
PFDOX	- 0.47	PFTEX
PFADX	- 0.44	PFSEX
PFADX	- 0.42	PFTEX
PFDOX	- 0.27	PFSMX
PFADX	- 0.21	PFSMX

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
PFSEX	0.53	(0.03)	(0.08)	0.08	0.66	(0.60)	1.20	(1.03)	3.52
PFSMX	0.47	(0.04)	(0.13)	0.05	0.56	(0.55)	1.10	(0.87)	3.10
PFTEX	0.51	(0.06)	(0.12)	0.04	0.64	(0.57)	1.13	(0.84)	3.65
PFDOX	0.17	(0.03)	0.00	(0.78)	0.00	0.00	0.34	(0.35)	1.37
PFADX	0.18	(0.03)	0.00	(0.43)	0.00	0.00	0.31	(0.41)	1.61

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