Largecap Correlations

PLFIX Fund

USD 32.73 0.12 0.37%

The current 90-days correlation between Largecap Sp 500 and Dow 2x Strategy is 0.76 (i.e., Poor diversification). The correlation of Largecap 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.

Largecap Correlation With Market

Poor diversification

The correlation between Largecap Sp 500 and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Largecap Sp 500 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 Largecap Sp 500. 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 Largecap Mutual Fund

0.85	SAGPX	Strategic Asset Mana	Pair Corr
0.89	PFIEX	International Equity	Pair Corr
0.92	PFIFX	Strategic Asset Mana	Pair Corr
0.74	PFISX	International Small Pany	Pair Corr
0.91	PFLJX	Principal Lifetime 2050	Pair Corr
0.88	SAUPX	Strategic Asset Mana	Pair Corr
0.85	PGLSX	Global Multi Strategy	Pair Corr
0.64	STCCX	Short Term Income	Pair Corr
0.86	SCGPX	Strategic Asset Mana	Pair Corr
0.67	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.87	PHTQX	Principal Lifetime Hybrid	Pair Corr
0.9	PIIOX	International Equity	Pair Corr
0.87	SWHCX	Strategic Asset Mana	Pair Corr
1.0	PLFMX	Largecap Sp 500	Pair Corr
0.86	PLFTX	Principal Lifetime Hybrid	Pair Corr
0.98	PLHHX	Principal Lifetime Hybrid	Pair Corr
0.91	PLLAX	Smallcap Fund Fka	Pair Corr
0.91	PLZTX	Principal Lifetime Hybrid Potential Growth	Pair Corr
0.9	PMAPX	Midcap Sp 400	Pair Corr
0.88	CMNWX	Principal Capital	Pair Corr
0.86	PPUPX	Largecap Growth	Pair Corr
0.79	PQIAX	Equity Income	Pair Corr
0.79	PALTX	Principal Lifetime	Pair Corr
0.92	PSBMX	Smallcap Fund Fka	Pair Corr
0.92	PSBPX	Smallcap Fund Fka	Pair Corr
0.9	LTAOX	Principal Lifetime 2035	Pair Corr
0.84	LTAPX	Principal Lifetime 2015	Pair Corr
0.7	PSIOX	Short Term Income	Pair Corr
0.67	PSIQX	Short Term Income	Pair Corr
0.69	PSHIX	Short Term Income	Pair Corr

Moving against Largecap Mutual Fund

0.49	PGSLX	Principal Global Sus	Pair Corr
0.37	PGBAX	Global Diversified Income	Pair Corr
0.31	POSAX	Global Real Estate	Pair Corr

Related Correlations Analysis

	RYCVX	MKDCX	EMILX	REMVX	SEKRX	QTERX	EPASX
RYCVX		0.78	0.66	0.83	0.51	0.76	0.77	RYCVX
MKDCX	0.78		0.82	0.88	0.78	0.87	0.84	MKDCX
EMILX	0.66	0.82		0.85	0.7	0.89	0.65	EMILX
REMVX	0.83	0.88	0.85		0.57	0.95	0.72	REMVX
SEKRX	0.51	0.78	0.7	0.57		0.55	0.62	SEKRX
QTERX	0.76	0.87	0.89	0.95	0.55		0.69	QTERX
EPASX	0.77	0.84	0.65	0.72	0.62	0.69		EPASX
	RYCVX	MKDCX	EMILX	REMVX	SEKRX	QTERX	EPASX

Risk-Adjusted Indicators

There is a big difference between Largecap Mutual Fund performing well and Largecap 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 Largecap'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
RYCVX	1.18	0.00	0.04	0.06	1.36	(1.32)	2.49	(2.11)	5.92
MKDCX	0.82	0.12	0.06	0.61	0.94	(0.87)	1.57	(1.36)	4.88
EMILX	0.82	0.03	0.02	0.09	0.97	(0.96)	1.80	(1.16)	4.98
REMVX	0.68	0.12	0.10	0.23	0.69	(0.83)	1.47	(0.86)	4.38
SEKRX	0.85	0.07	0.02	0.51	1.15	(0.83)	2.17	(1.66)	4.94
QTERX	0.77	0.09	0.08	0.18	0.81	(0.92)	1.73	(1.19)	4.58
EPASX	0.56	0.04	(0.01)	0.23	0.65	(0.61)	1.39	(0.79)	3.02

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