Pnc International Correlations

Mutual Funds USA . 
Fund . Pnc International Growth
PIGDX Fund  USD 15.09  0.05  0.33%   
The current 90-days correlation between Pnc International Growth and Manning Napier Overseas is 0.83 (i.e., Very poor diversification). The correlation of Pnc International 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.

Pnc International Correlation With Market

Very weak diversification

The correlation between Pnc International Growth and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pnc International Growth 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 Pnc International Growth. 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 unemployment.

Moving together with Pnc Mutual Fund

  0.92EMDIX Federated Emerging MarketPairCorr
  0.95SBFIX Federated Global AllPairCorr
  0.9FRIEX Federated Hermes EmergingPairCorr
  0.87STFSX Federated StrategicPairCorr
  0.89STIAX Federated StrategicPairCorr
  0.91STILX Federated StrategicPairCorr
  0.91STISX Federated StrategicPairCorr
  0.91FSBCX Federated Global AllPairCorr
  0.95FSBKX Federated Global AllPairCorr
  0.95FSBLX Federated Global AllPairCorr
  0.84FSHIX Federated Short-intermediaPairCorr
  0.84INISX Federated IntermediatePairCorr
  0.95FSTBX Federated Global AllPairCorr
  0.9PIEFX Pnc Emerging MarketsPairCorr
  0.75FTGLX Federated Total ReturnPairCorr
  0.66FTGSX Federated Total ReturnPairCorr
  0.75SVAAX Federated Strategic ValuePairCorr
  0.75SVAIX Federated Strategic ValuePairCorr
  0.75SVACX Federated Strategic ValuePairCorr
  0.88RRFAX Federated Real ReturnPairCorr
  0.76FTRBX Federated Total ReturnPairCorr
  0.75FTRFX Federated Total ReturnPairCorr
  0.76FTRGX Federated Total ReturnPairCorr
  0.73FTRKX Federated Total ReturnPairCorr
  0.75FCBRX Federated HermesPairCorr
  0.78FCSPX Federated Porate BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pnc Mutual Fund performing well and Pnc International 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 Pnc International'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.

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