Ppm High Correlations

PKHIX Fund

USD 9.00 0.01 0.11%

The current 90-days correlation between Ppm High Yield and Ppm Core Plus is 0.12 (i.e., Average diversification). The correlation of Ppm High 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.

Ppm High Correlation With Market

Modest diversification

The correlation between Ppm High Yield and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ppm High Yield 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 Ppm High Yield. 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 together with Ppm Mutual Fund

0.92	BHYCX	Blackrock Hi Yld	Pair Corr
0.68	BHYIX	Blackrock High Yield	Pair Corr
0.65	BHYSX	Blackrock Hi Yld	Pair Corr
0.66	BHYAX	Blackrock High Yield	Pair Corr
0.71	FAHHX	American Funds American	Pair Corr
0.66	FTAHX	American Funds American	Pair Corr
0.93	AHTCX	American High Income	Pair Corr
0.75	LSHEX	Kinetics Spin Off Downward Rally	Pair Corr
0.67	RSNYX	Victory Global Natural	Pair Corr
0.7	RMQCX	Monthly Rebalance	Pair Corr
0.74	LSHAX	Horizon Spin Off Downward Rally	Pair Corr
0.83	AHYDX	High Yield Fund	Pair Corr
0.63	JCNAX	Janus Contrarian	Pair Corr
0.79	VFLEX	Relative Value	Pair Corr
0.72	VDAFX	Dynamic Allocation	Pair Corr
0.89	RULFX	Rbc Ultra Short	Pair Corr
0.68	VMRXX	Vanguard Money Market	Pair Corr
0.73	GUHYX	Victory High Yield	Pair Corr
0.74	TIGGX	Goldman Sachs Tax	Pair Corr
0.9	SECPX	Sdit Ultra Short	Pair Corr
0.63	DABMX	Dreyfus Yield Enhancement	Pair Corr
0.82	TFLCX	Transamerica Floating	Pair Corr
0.77	MUTHX	Franklin Mutual Shares	Pair Corr

Moving against Ppm Mutual Fund

0.35

PKPIX

Ppm Core Plus

Pair Corr

Related Correlations Analysis

	PKHIX	PKPIX	AMLPX	AULYX	GURIX	VSEQX	JGMAX	RULFX	BSPIX	LACFX
PKHIX		-0.35	0.76	0.69	0.0	0.79	0.48	0.89	0.51	0.79	PKHIX
PKPIX	-0.35		-0.69	-0.75	0.2	-0.68	-0.61	-0.61	-0.65	-0.7	PKPIX
AMLPX	0.76	-0.69		0.81	0.05	0.88	0.69	0.81	0.69	0.95	AMLPX
AULYX	0.69	-0.75	0.81		0.07	0.95	0.73	0.77	0.84	0.92	AULYX
GURIX	0.0	0.2	0.05	0.07		0.08	0.18	-0.14	0.24	0.08	GURIX
VSEQX	0.79	-0.68	0.88	0.95	0.08		0.71	0.81	0.8	0.95	VSEQX
JGMAX	0.48	-0.61	0.69	0.73	0.18	0.71		0.55	0.84	0.7	JGMAX
RULFX	0.89	-0.61	0.81	0.77	-0.14	0.81	0.55		0.57	0.83	RULFX
BSPIX	0.51	-0.65	0.69	0.84	0.24	0.8	0.84	0.57		0.77	BSPIX
LACFX	0.79	-0.7	0.95	0.92	0.08	0.95	0.7	0.83	0.77		LACFX
	PKHIX	PKPIX	AMLPX	AULYX	GURIX	VSEQX	JGMAX	RULFX	BSPIX	LACFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LACFX	+ 0.95	AMLPX
VSEQX	+ 0.95	AULYX
LACFX	+ 0.95	VSEQX
LACFX	+ 0.92	AULYX
RULFX	+ 0.89	PKHIX
VSEQX	+ 0.88	AMLPX

High negative correlations

AULYX	- 0.75	PKPIX
LACFX	- 0.7	PKPIX
AMLPX	- 0.69	PKPIX
VSEQX	- 0.68	PKPIX
BSPIX	- 0.65	PKPIX
RULFX	- 0.61	PKPIX

Risk-Adjusted Indicators

There is a big difference between Ppm Mutual Fund performing well and Ppm High 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 Ppm High'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
PKHIX	0.11	0.02	(0.50)	0.41	0.00	(0.18)	0.34	(0.22)	0.90
PKPIX	0.21	(0.03)	0.00	(0.60)	0.00	0.00	0.45	(0.57)	1.26
AMLPX	0.59	0.22	0.15	1.61	0.29	(0.74)	1.82	(0.80)	4.09
AULYX	0.77	0.11	(0.01)	(1.72)	1.18	(0.72)	1.69	(2.22)	5.15
GURIX	0.60	0.03	(0.09)	0.30	0.65	(0.70)	1.20	(1.09)	3.21
VSEQX	0.73	0.16	0.06	1.45	0.63	(0.81)	1.82	(1.27)	5.19
JGMAX	0.70	0.13	0.01	(9.91)	0.72	(0.77)	1.58	(1.41)	4.69
RULFX	0.05	0.01	0.00	(0.58)	0.00	0.00	0.10	(0.10)	0.50
BSPIX	0.55	0.01	(0.01)	0.13	0.66	(0.56)	1.17	(1.31)	3.84
LACFX	0.39	0.13	0.04	3.33	0.00	(0.47)	1.02	(0.68)	2.24

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