Blue Chip Correlations

PGBGX Fund

USD 47.37 0.13 0.27%

The current 90-days correlation between Blue Chip Fund and Ocm Mutual Fund is -0.03 (i.e., Good diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Good diversification

The correlation between Blue Chip Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Fund 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 Blue Chip Fund. 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 price.

Moving together with Blue Mutual Fund

0.9	SABPX	Strategic Asset Mana	Pair Corr
0.93	SACAX	Strategic Asset Mana	Pair Corr
0.87	SAGPX	Strategic Asset Mana	Pair Corr
0.61	SAIPX	Strategic Asset Mana	Pair Corr
0.63	PXASX	Principal Lifetime 2030	Pair Corr
0.81	PFLJX	Principal Lifetime 2050	Pair Corr
0.93	PFPPX	Midcap Growth	Pair Corr
0.94	PGBEX	Blue Chip Fund	Pair Corr
0.94	PGBFX	Blue Chip Fund	Pair Corr
1.0	PGBHX	Blue Chip Fund	Pair Corr
0.88	PGLSX	Global Multi Strategy	Pair Corr
0.83	PYASX	Principal Lifetime 2040	Pair Corr
0.88	PGRTX	Smallcap Growth	Pair Corr
0.93	PGWIX	Midcap Growth	Pair Corr
0.96	PHASX	Midcap Growth	Pair Corr
0.64	SCIPX	Strategic Asset Mana	Pair Corr
0.87	SCGPX	Strategic Asset Mana	Pair Corr
0.74	PHJEX	Principal Lifetime Hybrid	Pair Corr

Moving against Blue Mutual Fund

0.54	PFIEX	International Equity	Pair Corr
0.46	PFISX	International Small Pany	Pair Corr
0.46	PGRKX	Global Real Estate	Pair Corr
0.45	PGRUX	Global Real Estate	Pair Corr
0.45	PGRVX	Global Real Estate	Pair Corr

Related Correlations Analysis

	OCMAX	QGLDX	GLDAX	EPGFX	EKWCX	AGGWX
OCMAX		0.71	0.89	0.92	0.94	0.88	OCMAX
QGLDX	0.71		0.79	0.89	0.84	0.81	QGLDX
GLDAX	0.89	0.79		0.93	0.92	0.99	GLDAX
EPGFX	0.92	0.89	0.93		0.99	0.93	EPGFX
EKWCX	0.94	0.84	0.92	0.99		0.92	EKWCX
AGGWX	0.88	0.81	0.99	0.93	0.92		AGGWX
	OCMAX	QGLDX	GLDAX	EPGFX	EKWCX	AGGWX

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Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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
OCMAX	1.37	(0.10)	0.00	(0.19)	0.00	0.00	3.44	(2.89)	10.91
QGLDX	0.72	0.09	(0.02)	(1.07)	0.88	(0.76)	1.46	(1.24)	4.82
GLDAX	1.31	(0.02)	0.00	(0.10)	0.00	0.00	2.70	(2.72)	9.26
EPGFX	1.43	(0.02)	(0.04)	0.06	1.88	(1.43)	2.54	(2.79)	10.62
EKWCX	1.32	(0.01)	(0.05)	0.06	1.66	(1.47)	2.62	(2.84)	9.87
AGGWX	1.49	(0.02)	0.00	(0.42)	0.00	0.00	2.93	(2.72)	9.49

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