Pnc International Correlations

PIUIX Fund

USD 8.97 17.92 66.64%

The current 90-days correlation between Pnc International Equity and Black Oak Emerging is -0.05 (i.e., Good 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

Average diversification

The correlation between Pnc International Equity and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pnc International Equity 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 Equity. 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 gross domestic product.

Moving against Pnc Mutual Fund

0.79

BEARX

Federated Prudent Bear

Pair Corr

Related Correlations Analysis

	BOGSX	SEDIX	TEOJX	SEKRX	EMSLX	REMVX	RYAHX	GMAQX
BOGSX		0.21	0.81	0.55	0.77	0.39	0.42	0.7	BOGSX
SEDIX	0.21		0.07	0.29	0.16	0.71	0.27	0.73	SEDIX
TEOJX	0.81	0.07		0.44	0.89	0.19	0.5	0.5	TEOJX
SEKRX	0.55	0.29	0.44		0.53	0.79	0.27	0.64	SEKRX
EMSLX	0.77	0.16	0.89	0.53		0.29	0.47	0.59	EMSLX
REMVX	0.39	0.71	0.19	0.79	0.29		0.1	0.81	REMVX
RYAHX	0.42	0.27	0.5	0.27	0.47	0.1		0.34	RYAHX
GMAQX	0.7	0.73	0.5	0.64	0.59	0.81	0.34		GMAQX
	BOGSX	SEDIX	TEOJX	SEKRX	EMSLX	REMVX	RYAHX	GMAQX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOGSX	1.07	(0.03)	(0.01)	0.03	1.60	(1.02)	1.96	(2.65)	6.25
SEDIX	0.08	0.00	(0.40)	0.08	0.00	(0.13)	0.21	(0.10)	0.42
TEOJX	0.71	(0.03)	(0.04)	0.02	1.06	(0.73)	1.23	(1.50)	5.51
SEKRX	0.81	0.01	(0.03)	0.14	1.11	(0.79)	1.54	(1.20)	5.13
EMSLX	0.73	(0.01)	(0.03)	0.04	1.25	(0.65)	1.26	(1.66)	5.29
REMVX	0.65	0.05	(0.01)	0.79	0.82	(0.74)	1.30	(1.08)	4.51
RYAHX	1.13	(0.02)	(0.03)	0.01	1.54	(1.08)	2.76	(2.39)	5.80
GMAQX	0.60	0.02	0.00	0.09	0.79	(0.64)	1.18	(1.07)	4.09

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Pnc International Correlations

Pnc International Correlation With Market

Average diversification

Moving against Pnc Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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