Largecap Correlations
PLFIX Fund | USD 28.71 0.45 1.59% |
The current 90-days correlation between Largecap Sp 500 and Blackrock Science Technology is 0.8 (i.e., Very 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
Very weak diversification
The correlation between Largecap Sp 500 and DJI is 0.46 (i.e., Very weak 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.
Largecap |
Moving together with Largecap Mutual Fund
0.8 | SABPX | Strategic Asset Mana | PairCorr |
0.82 | SACAX | Strategic Asset Mana | PairCorr |
0.8 | SAGPX | Strategic Asset Mana | PairCorr |
0.77 | PFIJX | Strategic Asset Mana | PairCorr |
0.78 | PFIFX | Strategic Asset Mana | PairCorr |
0.67 | PFISX | International Small Pany | PairCorr |
0.79 | PFIPX | Strategic Asset Mana | PairCorr |
0.88 | SAIPX | Strategic Asset Mana | PairCorr |
0.84 | PFLJX | Principal Lifetime 2050 | PairCorr |
0.8 | PFPPX | Midcap Growth | PairCorr |
0.66 | PFRSX | Real Estate Securities | PairCorr |
0.78 | SAUPX | Strategic Asset Mana | PairCorr |
0.86 | PGBEX | Blue Chip Fund | PairCorr |
0.87 | PGBGX | Blue Chip Fund | PairCorr |
0.87 | PGBHX | Blue Chip Fund | PairCorr |
0.61 | PGDCX | Global Diversified Income | PairCorr |
0.73 | PGDRX | Diversified Real Asset | PairCorr |
0.68 | PGRTX | Smallcap Growth | PairCorr |
0.71 | PGRUX | Global Real Estate | PairCorr |
0.62 | PGSLX | Principal Global Sus | PairCorr |
0.7 | PGRKX | Global Real Estate | PairCorr |
0.8 | PGWIX | Midcap Growth | PairCorr |
0.79 | SCBPX | Strategic Asset Mana | PairCorr |
0.88 | SCIPX | Strategic Asset Mana | PairCorr |
0.78 | SCGPX | Strategic Asset Mana | PairCorr |
0.95 | PHJEX | Principal Lifetime Hybrid | PairCorr |
0.82 | PHJFX | Principal Lifetime Hybrid | PairCorr |
0.96 | PHJGX | Principal Lifetime Hybrid | PairCorr |
0.96 | PHJBX | Principal Lifetime Hybrid | PairCorr |
0.96 | PHJDX | Principal Lifetime Hybrid | PairCorr |
0.91 | PHJNX | Principal Lifetime Hybrid | PairCorr |
0.9 | PHJQX | Principal Lifetime Hybrid | PairCorr |
Related Correlations Analysis
0.86 | 0.83 | 0.78 | 0.8 | 0.74 | 0.85 | BSTSX | ||
0.86 | 0.81 | 0.68 | 0.68 | 0.81 | 1.0 | PGKAX | ||
0.83 | 0.81 | 0.82 | 0.92 | 0.82 | 0.78 | USTCX | ||
0.78 | 0.68 | 0.82 | 0.79 | 0.71 | 0.65 | PRGTX | ||
0.8 | 0.68 | 0.92 | 0.79 | 0.76 | 0.66 | GISTX | ||
0.74 | 0.81 | 0.82 | 0.71 | 0.76 | 0.8 | ROGSX | ||
0.85 | 1.0 | 0.78 | 0.65 | 0.66 | 0.8 | PGKCX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BSTSX | 1.33 | (0.08) | 0.00 | (0.15) | 0.00 | 2.35 | 9.07 | |||
PGKAX | 1.33 | (0.11) | 0.00 | (0.19) | 0.00 | 2.17 | 9.54 | |||
USTCX | 1.16 | (0.03) | 0.00 | (0.07) | 0.00 | 2.06 | 7.01 | |||
PRGTX | 1.12 | (0.02) | 0.00 | (0.06) | 0.00 | 2.07 | 7.81 | |||
GISTX | 1.13 | (0.02) | 0.00 | (0.06) | 0.00 | 2.16 | 7.34 | |||
ROGSX | 1.03 | (0.05) | 0.00 | (0.10) | 0.00 | 1.67 | 7.12 | |||
PGKCX | 1.34 | (0.11) | 0.00 | (0.19) | 0.00 | 2.15 | 9.51 |