Global Multi Correlations

PGLSX Fund

USD 11.27 0.03 0.27%

The current 90-days correlation between Global Multi Strategy and Strategic Asset Management is 0.62 (i.e., Poor diversification). The correlation of Global Multi 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.

Global Multi Correlation With Market

Modest diversification

The correlation between Global Multi Strategy Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Multi Strategy 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 Global Multi Strategy 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 state.

Moving together with Global Mutual Fund

0.8	PFPPX	Midcap Growth	Pair Corr
0.85	PFUMX	Finisterre Unconstrained	Pair Corr
0.69	STCCX	Short Term Income	Pair Corr
0.73	PYHIX	High Yield Fund	Pair Corr
0.8	PGWIX	Midcap Growth	Pair Corr

Moving against Global Mutual Fund

0.49	PFRSX	Real Estate Securities	Pair Corr
0.43	PFIEX	International Equity	Pair Corr
0.35	PFISX	International Small Pany	Pair Corr
0.58	PGRKX	Global Real Estate	Pair Corr
0.56	PGRUX	Global Real Estate	Pair Corr
0.53	PGSLX	Principal Global Sus	Pair Corr
0.41	PGDRX	Diversified Real Asset	Pair Corr

Related Correlations Analysis

	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX
SABPX		1.0	0.96	0.82	0.72	0.84	0.72	0.85	0.96	1.0	SABPX
SACAX	1.0		0.96	0.83	0.69	0.84	0.7	0.85	0.96	1.0	SACAX
SAGPX	0.96	0.96		0.77	0.66	0.79	0.65	0.79	0.91	0.95	SAGPX
PFIJX	0.82	0.83	0.77		0.58	1.0	0.66	1.0	0.95	0.82	PFIJX
PFIEX	0.72	0.69	0.66	0.58		0.6	0.97	0.62	0.67	0.74	PFIEX
PFIFX	0.84	0.84	0.79	1.0	0.6		0.68	1.0	0.95	0.84	PFIFX
PFISX	0.72	0.7	0.65	0.66	0.97	0.68		0.7	0.71	0.74	PFISX
PFIPX	0.85	0.85	0.79	1.0	0.62	1.0	0.7		0.96	0.85	PFIPX
SAIPX	0.96	0.96	0.91	0.95	0.67	0.95	0.71	0.96		0.96	SAIPX
PFLJX	1.0	1.0	0.95	0.82	0.74	0.84	0.74	0.85	0.96		PFLJX
	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Multi 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 Global Multi'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SABPX	0.46	(0.08)	(1.38)	0.62	(0.89)	6.10
SACAX	0.61	(0.09)	(0.48)	0.99	(1.31)	7.91
SAGPX	0.54	(0.09)	(2.53)	0.84	(1.18)	7.32
PFIJX	0.23	(0.02)	(0.12)	0.42	(0.58)	1.91
PFIEX	0.63	(0.11)	(0.63)	1.01	(1.66)	3.86
PFIFX	0.23	(0.02)	(0.12)	0.42	(0.41)	1.82
PFISX	0.56	(0.11)	(0.33)	1.29	(1.28)	3.91
PFIPX	0.23	(0.02)	(0.13)	0.42	(0.50)	1.90
SAIPX	0.31	(0.03)	(0.21)	0.56	(0.64)	2.09
PFLJX	0.59	(0.09)	(0.48)	0.93	(1.28)	6.74

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