Pfg Tactical Correlations

PFTSX Fund

USD 10.90 0.01 0.09%

The current 90-days correlation between Pfg Tactical Income and Jackson Square Smid Cap is -0.06 (i.e., Good diversification). The correlation of Pfg Tactical 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 Tactical Correlation With Market

Almost no diversification

The correlation between Pfg Tactical Income and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Tactical Income 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 Tactical Income. 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 main economic indicators.

Moving together with Pfg Mutual Fund

0.91	PFADX	Riskproreg Pfg 0	Pair Corr
0.93	PFCOX	Pfg American Funds	Pair Corr
0.98	PFESX	Pfg Br Equity	Pair Corr
0.85	PFDOX	Riskproreg Dynamic	Pair Corr
0.98	PFGGX	Pfg American Funds	Pair Corr
0.99	PFFFX	Pfg Fidelity Institu	Pair Corr
0.76	PFFBX	Pfg Fidelity Institu	Pair Corr
0.96	PFFSX	Pfg Fidelity Institu	Pair Corr
0.97	PFIOX	Pfg Invesco Thematic	Pair Corr
0.91	PFJDX	Riskproreg Dynamic	Pair Corr
0.8	PFJHX	Pfg Janus Henderson	Pair Corr
0.99	PFTEX	Riskproreg; Tactical	Pair Corr
0.98	PFSEX	Riskproreg 30	Pair Corr
0.97	PFSGX	Pfg Global Equity	Pair Corr
0.93	PFSMX	Riskproreg Pfg 30	Pair Corr
0.85	VWIAX	Vanguard Wellesley Income	Pair Corr
0.88	VWINX	Vanguard Wellesley Income	Pair Corr
0.96	BKMIX	Blackrock Multi Asset	Pair Corr
0.85	HBLTX	Hartford Balanced	Pair Corr
0.85	HBLRX	Hartford Balanced	Pair Corr
0.85	HBLSX	Hartford Balanced	Pair Corr
0.85	HBLVX	Hartford Balanced	Pair Corr
0.85	HBLFX	Hartford Balanced	Pair Corr
0.85	HBLYX	Hartford Balanced	Pair Corr
0.85	HBLCX	Hartford Balanced	Pair Corr
0.85	NHS	Neuberger Berman High	Pair Corr
0.78	UGMVX	Global Managed Volatility	Pair Corr
0.96	FZROX	Fidelity Zero Total	Pair Corr
0.96	FCTHX	Fidelity Advisor Freedom	Pair Corr
0.86	VGIAX	Vanguard Growth And	Pair Corr
0.87	PELBX	Pimco Emerging Local	Pair Corr
0.88	SPIAX	Invesco Sp 500	Pair Corr
0.9	RIRCX	Capital Income Builder	Pair Corr
0.94	MECZX	Amg Managers Cadence	Pair Corr
0.94	VSGAX	Vanguard Small Cap	Pair Corr
0.83	ETORX	Eaton Vance Oregon	Pair Corr
0.88	AVANX	Avantis International	Pair Corr
0.89	VKMGX	Invesco Quality Income	Pair Corr
0.84	PBFKX	Pioneer Bond	Pair Corr

Related Correlations Analysis

	ETAZX	MGF	GLU	EVF	ASIEX	RYSIX	MCDFX	TGVNX	DCGTX
ETAZX		-0.04	0.86	0.47	0.79	0.86	0.57	0.87	0.8	ETAZX
MGF	-0.04		-0.18	0.03	0.04	-0.23	0.14	-0.18	-0.11	MGF
GLU	0.86	-0.18		0.34	0.82	0.87	0.42	0.91	0.91	GLU
EVF	0.47	0.03	0.34		0.16	0.53	0.7	0.33	0.17	EVF
ASIEX	0.79	0.04	0.82	0.16		0.75	0.16	0.87	0.77	ASIEX
RYSIX	0.86	-0.23	0.87	0.53	0.75		0.48	0.92	0.74	RYSIX
MCDFX	0.57	0.14	0.42	0.7	0.16	0.48		0.34	0.32	MCDFX
TGVNX	0.87	-0.18	0.91	0.33	0.87	0.92	0.34		0.83	TGVNX
DCGTX	0.8	-0.11	0.91	0.17	0.77	0.74	0.32	0.83		DCGTX
	ETAZX	MGF	GLU	EVF	ASIEX	RYSIX	MCDFX	TGVNX	DCGTX

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

TGVNX	+ 0.92	RYSIX
TGVNX	+ 0.91	GLU
DCGTX	+ 0.91	GLU
TGVNX	+ 0.87	ETAZX
RYSIX	+ 0.87	GLU
TGVNX	+ 0.87	ASIEX

High negative correlations

RYSIX	- 0.23	MGF
TGVNX	- 0.18	MGF
GLU	- 0.18	MGF
DCGTX	- 0.11	MGF
MGF	- 0.04	ETAZX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg Tactical 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 Tactical'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
ETAZX	0.08	0.00	(0.25)	(0.14)	0.00	(0.14)	0.22	(0.11)	0.67
MGF	0.45	0.00	(0.06)	0.03	0.53	(0.64)	0.99	(1.00)	2.64
GLU	0.58	0.16	0.15	(35.70)	0.45	(0.66)	1.21	(0.89)	5.07
EVF	0.32	(0.02)	0.00	(0.10)	0.00	0.00	0.75	(0.75)	2.27
ASIEX	0.12	0.00	(0.25)	0.03	0.06	(0.17)	0.22	(0.22)	0.67
RYSIX	1.59	0.15	0.07	0.16	2.10	(1.56)	3.21	(3.77)	9.34
MCDFX	0.65	0.07	0.02	(0.39)	0.60	(0.84)	1.65	(1.20)	3.51
TGVNX	0.69	0.11	0.12	0.16	0.69	(0.78)	1.76	(1.65)	4.00
DCGTX	0.74	0.09	0.04	(1.36)	0.75	(1.11)	2.07	(1.49)	5.26

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