Pfg Janus Correlations

PFJHX Fund

USD 10.28 0.04 0.39%

The current 90-days correlation between Pfg Janus Henderson and Riskproreg Pfg 0 15 is 0.28 (i.e., Modest diversification). The correlation of Pfg Janus 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 Janus Correlation With Market

Poor diversification

The correlation between Pfg Janus Henderson and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Janus Henderson 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 Janus Henderson. 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 rate.

Moving together with Pfg Mutual Fund

0.94	PFESX	Pfg Br Equity	Pair Corr
0.97	PFGGX	Pfg American Funds	Pair Corr
0.95	PFFFX	Pfg Fidelity Institu	Pair Corr
0.95	PFFSX	Pfg Fidelity Institu	Pair Corr
0.96	PFIOX	Pfg Invesco Thematic	Pair Corr
0.92	PFJDX	Riskproreg; Dynamic	Pair Corr
0.93	PFTEX	Riskproreg Tactical	Pair Corr
0.96	PFSEX	Riskproreg; 30+	Pair Corr
0.9	PFSMX	Riskproreg Pfg 30	Pair Corr
0.73	PFTSX	Pfg Tactical Income	Pair Corr
0.94	FBONX	American Funds American	Pair Corr
0.94	FBAFX	American Funds American	Pair Corr
0.94	ABALX	American Balanced	Pair Corr
0.94	BALCX	American Balanced	Pair Corr
0.94	BALFX	American Balanced	Pair Corr
0.94	RLBCX	American Balanced	Pair Corr
0.93	RLBBX	American Balanced	Pair Corr
0.94	CLBAX	American Balanced	Pair Corr
0.94	CLBEX	American Balanced	Pair Corr
0.94	RLBFX	American Balanced	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.93	MMFQX	Massmutual Select	Pair Corr
0.83	CRF	Cornerstone Strategic	Pair Corr
0.99	CGAAX	Columbia Growth 529	Pair Corr
0.96	VIIIX	Vanguard Institutional	Pair Corr
0.84	ASVNX	Small Cap Value	Pair Corr

Moving against Pfg Mutual Fund

0.54	PFFBX	Pfg Fidelity Institu	Pair Corr
0.46	PFDOX	Riskproreg; Dynamic	Pair Corr
0.42	PFADX	Riskproreg Pfg 0	Pair Corr

Related Correlations Analysis

	PFADX	PFCOX	PFESX	PFDOX	PFGGX	PFFFX	PFFBX	PFFSX	PFIOX	PFJDX
PFADX		0.95	-0.41	0.99	-0.49	-0.38	0.98	-0.64	-0.33	-0.15	PFADX
PFCOX	0.95		-0.15	0.93	-0.22	-0.1	0.89	-0.41	-0.07	0.13	PFCOX
PFESX	-0.41	-0.15		-0.46	0.98	0.98	-0.54	0.93	0.97	0.95	PFESX
PFDOX	0.99	0.93	-0.46		-0.53	-0.43	0.99	-0.68	-0.38	-0.2	PFDOX
PFGGX	-0.49	-0.22	0.98	-0.53		0.98	-0.61	0.96	0.96	0.93	PFGGX
PFFFX	-0.38	-0.1	0.98	-0.43	0.98		-0.51	0.93	0.96	0.96	PFFFX
PFFBX	0.98	0.89	-0.54	0.99	-0.61	-0.51		-0.74	-0.46	-0.29	PFFBX
PFFSX	-0.64	-0.41	0.93	-0.68	0.96	0.93	-0.74		0.91	0.83	PFFSX
PFIOX	-0.33	-0.07	0.97	-0.38	0.96	0.96	-0.46	0.91		0.96	PFIOX
PFJDX	-0.15	0.13	0.95	-0.2	0.93	0.96	-0.29	0.83	0.96		PFJDX
	PFADX	PFCOX	PFESX	PFDOX	PFGGX	PFFFX	PFFBX	PFFSX	PFIOX	PFJDX

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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

PFDOX	+ 0.99	PFADX
PFFBX	+ 0.99	PFDOX
PFFBX	+ 0.98	PFADX
PFGGX	+ 0.98	PFESX
PFFFX	+ 0.98	PFESX
PFFFX	+ 0.98	PFGGX

High negative correlations

PFFSX	- 0.74	PFFBX
PFFSX	- 0.68	PFDOX
PFFSX	- 0.64	PFADX
PFFBX	- 0.61	PFGGX
PFFBX	- 0.54	PFESX
PFGGX	- 0.53	PFDOX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg Janus 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 Janus' 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
PFADX	0.18	(0.03)	0.00	(0.43)	0.00	0.00	0.31	(0.41)	1.61
PFCOX	0.14	(0.03)	0.00	(0.12)	0.00	0.00	0.31	(0.31)	1.22
PFESX	0.55	(0.04)	(0.09)	0.06	0.72	(0.60)	1.19	(1.16)	3.55
PFDOX	0.17	(0.03)	0.00	(0.78)	0.00	0.00	0.34	(0.35)	1.37
PFGGX	0.57	(0.03)	(0.06)	0.09	0.75	(0.65)	1.32	(1.23)	3.76
PFFFX	0.51	(0.03)	(0.09)	0.07	0.59	(0.64)	1.21	(0.98)	3.36
PFFBX	0.18	(0.03)	0.00	2.90	0.00	0.00	0.44	(0.56)	1.46
PFFSX	0.56	0.01	0.00	0.13	0.59	(0.70)	1.42	(1.07)	4.11
PFIOX	0.50	(0.03)	(0.10)	0.08	0.51	(0.59)	1.21	(0.87)	2.76
PFJDX	0.35	(0.03)	(0.19)	0.06	0.39	(0.41)	0.80	(0.70)	2.13

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