Smallcap Fund Correlations

PLLAX Fund

USD 27.88 0.26 0.92%

The current 90-days correlation between Smallcap Fund Fka and Auer Growth Fund is 0.06 (i.e., Significant diversification). The correlation of Smallcap Fund 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.

Smallcap Fund Correlation With Market

Average diversification

The correlation between Smallcap Fund Fka and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smallcap Fund Fka 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 Smallcap Fund Fka. 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 nation.

Moving together with Smallcap Mutual Fund

0.84	SAGPX	Strategic Asset Mana	Pair Corr
0.83	PFIEX	International Equity	Pair Corr
0.86	PFIFX	Strategic Asset Mana	Pair Corr
0.72	PFISX	International Small Pany	Pair Corr
0.87	PFLJX	Principal Lifetime 2050	Pair Corr
0.86	SAUPX	Strategic Asset Mana	Pair Corr
0.87	PGLSX	Global Multi Strategy	Pair Corr
0.77	STCCX	Short Term Income	Pair Corr
0.85	SCIPX	Strategic Asset Mana	Pair Corr
0.83	SCGPX	Strategic Asset Mana	Pair Corr
0.9	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.76	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.86	PHTQX	Principal Lifetime Hybrid	Pair Corr
0.82	PIIIX	Diversified International	Pair Corr
0.83	PIIJX	Diversified International	Pair Corr
0.92	PIIDX	International Fund	Pair Corr
0.83	PIIOX	International Equity	Pair Corr
0.83	SWHCX	Strategic Asset Mana	Pair Corr
0.89	PLFMX	Largecap Sp 500	Pair Corr
0.85	PLFTX	Principal Lifetime Hybrid	Pair Corr
0.78	PLGAX	Largecap Growth	Pair Corr
0.91	PLHHX	Principal Lifetime Hybrid	Pair Corr
0.9	PLJIX	Principal Lifetime 2065	Pair Corr
0.87	PLZTX	Principal Lifetime Hybrid	Pair Corr
0.88	PMAPX	Midcap Sp 400	Pair Corr
0.72	PMBCX	Midcap Fund Class	Pair Corr
0.88	PMDAX	Small Midcap Dividend	Pair Corr
0.85	CMNWX	Principal Capital	Pair Corr
0.79	PPARX	Preferred Securities	Pair Corr

Moving against Smallcap Mutual Fund

0.61	PGDCX	Global Diversified Income	Pair Corr
0.56	PGBAX	Global Diversified Income	Pair Corr
0.43	PGSLX	Principal Global Sus	Pair Corr
0.46	PRRAX	Real Estate Securities	Pair Corr
0.4	POSAX	Global Real Estate	Pair Corr

Related Correlations Analysis

	AUERX	GETFX	ANTMX	NEAIX	SECAX	TISVX	ARTSX	GLVIX
AUERX		0.88	0.68	0.51	0.9	0.52	0.91	0.74	AUERX
GETFX	0.88		0.75	0.72	0.85	0.49	0.91	0.67	GETFX
ANTMX	0.68	0.75		0.84	0.8	0.9	0.75	0.7	ANTMX
NEAIX	0.51	0.72	0.84		0.66	0.65	0.7	0.57	NEAIX
SECAX	0.9	0.85	0.8	0.66		0.69	0.9	0.91	SECAX
TISVX	0.52	0.49	0.9	0.65	0.69		0.54	0.68	TISVX
ARTSX	0.91	0.91	0.75	0.7	0.9	0.54		0.71	ARTSX
GLVIX	0.74	0.67	0.7	0.57	0.91	0.68	0.71		GLVIX
	AUERX	GETFX	ANTMX	NEAIX	SECAX	TISVX	ARTSX	GLVIX

Risk-Adjusted Indicators

There is a big difference between Smallcap Mutual Fund performing well and Smallcap Fund 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 Smallcap Fund'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
AUERX	1.06	0.24	0.20	0.34	0.86	(1.32)	2.06	(1.76)	12.63
GETFX	0.59	0.12	0.15	0.18	0.41	(0.69)	1.01	(1.06)	9.50
ANTMX	0.70	(0.01)	(0.02)	0.04	0.92	(0.71)	1.29	(1.60)	3.31
NEAIX	1.18	0.02	0.03	0.07	1.49	(1.19)	2.24	(3.01)	6.07
SECAX	1.06	0.12	0.11	0.15	0.98	(1.20)	2.40	(1.72)	10.96
TISVX	0.56	(0.02)	(0.05)	0.03	0.70	(0.65)	1.12	(1.18)	3.41
ARTSX	1.15	0.12	0.11	0.13	1.11	(1.33)	1.98	(1.94)	13.44
GLVIX	0.99	0.18	0.17	0.21	0.84	(1.16)	1.78	(1.72)	16.26

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