Largecap Correlations

PLFMX Fund

USD 32.86 0.10 0.31%

The current 90-days correlation between Largecap Sp 500 and Columbia Balanced Fund is 0.01 (i.e., Significant 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

Average diversification

The correlation between Largecap Sp 500 and DJI is 0.1 (i.e., Average 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 industry.

Moving together with Largecap Mutual Fund

0.88	PFIJX	Strategic Asset Mana	Pair Corr
0.88	PFIFX	Strategic Asset Mana	Pair Corr
0.88	PFIPX	Strategic Asset Mana	Pair Corr
0.68	SAUPX	Strategic Asset Mana	Pair Corr
0.73	PGLSX	Global Multi Strategy	Pair Corr
0.65	PGRTX	Smallcap Growth	Pair Corr
0.8	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.76	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.8	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.81	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.79	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.79	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.78	PHJQX	Principal Lifetime Hybrid	Pair Corr
0.8	PHJJX	Principal Lifetime Hybrid	Pair Corr
0.75	PHJMX	Principal Lifetime Hybrid	Pair Corr
0.81	PHJYX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	CBALX	PRSVX	MCVIX	LIHKX	GQETX	SOPAX	PRDSX	VSEQX	VTMSX
CBALX		-0.47	-0.65	0.74	-0.24	-0.26	0.06	-0.07	0.83	CBALX
PRSVX	-0.47		0.79	-0.18	0.84	0.4	0.67	0.62	-0.17	PRSVX
MCVIX	-0.65	0.79		-0.25	0.63	0.37	0.5	0.46	-0.25	MCVIX
LIHKX	0.74	-0.18	-0.25		0.1	-0.1	0.28	0.12	0.66	LIHKX
GQETX	-0.24	0.84	0.63	0.1		0.32	0.74	0.64	-0.05	GQETX
SOPAX	-0.26	0.4	0.37	-0.1	0.32		0.38	0.6	-0.01	SOPAX
PRDSX	0.06	0.67	0.5	0.28	0.74	0.38		0.76	0.38	PRDSX
VSEQX	-0.07	0.62	0.46	0.12	0.64	0.6	0.76		0.23	VSEQX
VTMSX	0.83	-0.17	-0.25	0.66	-0.05	-0.01	0.38	0.23		VTMSX
	CBALX	PRSVX	MCVIX	LIHKX	GQETX	SOPAX	PRDSX	VSEQX	VTMSX

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

GQETX	+ 0.84	PRSVX
VTMSX	+ 0.83	CBALX
MCVIX	+ 0.79	PRSVX
VSEQX	+ 0.76	PRDSX
LIHKX	+ 0.74	CBALX
PRDSX	+ 0.74	GQETX

High negative correlations

MCVIX	- 0.65	CBALX
PRSVX	- 0.47	CBALX
SOPAX	- 0.26	CBALX
VTMSX	- 0.25	MCVIX
LIHKX	- 0.25	MCVIX
GQETX	- 0.24	CBALX

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
CBALX	0.44	0.08	0.06	0.22	0.39	(0.49)	0.96	(0.75)	5.22
PRSVX	0.92	(0.15)	0.00	(0.13)	0.00	0.00	1.69	(2.06)	12.30
MCVIX	0.75	(0.15)	0.00	(0.07)	0.00	0.00	1.41	(1.23)	10.03
LIHKX	0.48	0.03	(0.04)	0.30	0.66	(0.45)	0.94	(1.03)	2.67
GQETX	0.74	(0.10)	0.00	(0.02)	0.00	0.00	1.26	(1.27)	10.59
SOPAX	0.63	(0.13)	0.00	(1.29)	0.00	0.00	1.02	(0.95)	10.62
PRDSX	0.99	(0.12)	0.00	(0.02)	0.00	0.00	1.80	(2.05)	8.92
VSEQX	0.93	(0.18)	0.00	(0.06)	0.00	0.00	1.55	(1.92)	12.61
VTMSX	0.84	(0.04)	(0.02)	0.04	1.06	(0.91)	1.96	(1.72)	4.26

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