Principal Lifetime Correlations

PHJNX Fund  USD 13.21  0.06  0.46%   
The current 90-days correlation between Principal Lifetime Hybrid and Strategic Asset Management is 0.72 (i.e., Poor diversification). The correlation of Principal Lifetime 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.

Principal Lifetime Correlation With Market

Weak diversification

The correlation between Principal Lifetime Hybrid and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime Hybrid 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 Principal Lifetime Hybrid. 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 board of governors.

Moving together with Principal Mutual Fund

  0.89SABPX Strategic Asset ManaPairCorr
  0.9SACAX Strategic Asset ManaPairCorr
  0.83SAGPX Strategic Asset ManaPairCorr
  0.97PFIJX Strategic Asset ManaPairCorr
  0.64PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.7PFISX International Small PanyPairCorr
  0.98PFIPX Strategic Asset ManaPairCorr
  0.98SAIPX Strategic Asset ManaPairCorr
  0.9PFLJX Principal Lifetime 2050PairCorr
  0.72PFRSX Real Estate SecuritiesPairCorr
  0.97SAUPX Strategic Asset ManaPairCorr
  0.77PGBAX Global Diversified IncomePairCorr
  0.83PGBLX Global Diversified IncomePairCorr
  0.88PGBEX Blue Chip FundPairCorr
  0.88PGBGX Blue Chip FundPairCorr
  0.88PGBHX Blue Chip FundPairCorr
  0.79PGDCX Global Diversified IncomePairCorr
  0.74PGDIX Global Diversified IncomePairCorr
  0.67PGDRX Diversified Real AssetPairCorr
  0.91PGRTX Smallcap GrowthPairCorr
  0.63PGRUX Global Real EstatePairCorr
  0.67PGSLX Principal Global SusPairCorr
  0.62PGRKX Global Real EstatePairCorr
  0.89SCBPX Strategic Asset ManaPairCorr
  0.97SCIPX Strategic Asset ManaPairCorr
  0.88SCGPX Strategic Asset ManaPairCorr
  1.0PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  0.99PHJGX Principal Lifetime HybridPairCorr
  0.99PHJBX Principal Lifetime HybridPairCorr
  0.99PHJDX Principal Lifetime HybridPairCorr
  1.0PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Principal Mutual Fund performing well and Principal Lifetime 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 Principal Lifetime'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.46 (0.08) 0.00 (1.38) 0.00 
 0.62 
 6.10 
SACAX  0.61 (0.09) 0.00 (0.48) 0.00 
 0.99 
 7.91 
SAGPX  0.54 (0.09) 0.00 (2.53) 0.00 
 0.84 
 7.32 
PFIJX  0.23 (0.02) 0.00 (0.12) 0.00 
 0.42 
 1.91 
PFIEX  0.63 (0.11) 0.00 (0.63) 0.00 
 1.01 
 3.86 
PFIFX  0.23 (0.02) 0.00 (0.12) 0.00 
 0.42 
 1.82 
PFISX  0.56 (0.11) 0.00 (0.33) 0.00 
 1.29 
 3.91 
PFIPX  0.23 (0.02) 0.00 (0.13) 0.00 
 0.42 
 1.90 
SAIPX  0.31 (0.03) 0.00 (0.21) 0.00 
 0.56 
 2.09 
PFLJX  0.59 (0.09) 0.00 (0.48) 0.00 
 0.93 
 6.74