Largecap Growth Correlations

PLGIX Fund

USD 15.87 0.13 0.83%

The current 90-days correlation between Largecap Growth and T Rowe Price is 0.27 (i.e., Modest diversification). The correlation of Largecap Growth 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 Growth Correlation With Market

Good diversification

The correlation between Largecap Growth Fund and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Largecap Growth Fund 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 Growth Fund. 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 Largecap Mutual Fund

0.45	PFUMX	Finisterre Unconstrained	Pair Corr
0.36	PGDRX	Diversified Real Asset	Pair Corr
0.36	STCCX	Short Term Income	Pair Corr

Related Correlations Analysis

	FVAXX	BTO	FIKBX	PGFMX	VFAIX	RMBLX	PRISX
FVAXX		0.0	0.0	0.0	0.0	0.0	0.0	FVAXX
BTO	0.0		0.87	0.71	0.85	0.94	0.89	BTO
FIKBX	0.0	0.87		0.81	0.92	0.93	0.97	FIKBX
PGFMX	0.0	0.71	0.81		0.65	0.73	0.74	PGFMX
VFAIX	0.0	0.85	0.92	0.65		0.86	0.94	VFAIX
RMBLX	0.0	0.94	0.93	0.73	0.86		0.95	RMBLX
PRISX	0.0	0.89	0.97	0.74	0.94	0.95		PRISX
	FVAXX	BTO	FIKBX	PGFMX	VFAIX	RMBLX	PRISX

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

PRISX	+ 0.97	FIKBX
PRISX	+ 0.95	RMBLX
RMBLX	+ 0.94	BTO
PRISX	+ 0.94	VFAIX
RMBLX	+ 0.93	FIKBX
VFAIX	+ 0.92	FIKBX

High negative correlations

PRISX	- 0.0	FVAXX
RMBLX	- 0.0	FVAXX
VFAIX	- 0.0	FVAXX
PGFMX	- 0.0	FVAXX
FIKBX	- 0.0	FVAXX
BTO	- 0.0	FVAXX

Risk-Adjusted Indicators

There is a big difference between Largecap Mutual Fund performing well and Largecap Growth 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 Growth'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
FVAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTO	0.90	0.05	0.04	0.12	0.95	(0.97)	2.95	(1.84)	5.37
FIKBX	0.75	0.10	0.10	0.17	0.73	(0.82)	1.70	(1.63)	8.31
PGFMX	0.32	0.04	(0.06)	0.45	0.30	(0.36)	0.66	(0.65)	2.83
VFAIX	0.68	(0.04)	(0.04)	0.03	0.93	(0.65)	1.35	(1.72)	4.39
RMBLX	1.01	0.24	0.21	0.34	0.76	(1.20)	3.09	(1.19)	8.69
PRISX	0.80	0.11	0.10	0.18	0.80	(0.86)	1.66	(1.67)	8.41

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