Princeton Premium Correlations

Mutual Funds . USA . 
Fund . Princeton Premium
PPFAX Fund  USD 11.89  0.01  0.08%   
The current 90-days correlation between Princeton Premium and Gold And Precious is 0.08 (i.e., Significant diversification). The correlation of Princeton Premium 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.

Princeton Premium Correlation With Market

Very poor diversification

The correlation between Princeton Premium and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Premium 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 Princeton Premium. 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 Princeton Mutual Fund

  0.98PPFIX Princeton PremiumPairCorr
  1.0PAPAX Putnam Asia PacificPairCorr
  1.0PAPIX Princeton AdaptivePairCorr
  0.79JHQCX Jpmorgan Hedged EquityPairCorr
  0.61JHEQX Jpmorgan Hedged EquityPairCorr
  0.73GTENX Gateway Fund ClassPairCorr
  0.72GTECX Gateway Fund ClassPairCorr
  0.73GTEYX Gateway Fund ClassPairCorr
  0.65GATEX Gateway Fund ClassPairCorr
  0.63JHDRX Jpmorgan Hedged EquityPairCorr
  0.75JHDAX Jpmorgan Hedged EquityPairCorr
  0.77GPMFX Guidepath Managed FuturesPairCorr
  0.8TBLDX T Rowe PricePairCorr
  0.78RBETX American Funds 2030PairCorr
  0.61GWPCX American Funds GrowthPairCorr
  0.9FSRBX Banking Portfolio BankingPairCorr
  0.82INIVX International Investors Steady GrowthPairCorr
  0.88RMFHX American MutualPairCorr
  0.87LMTIX Qs Large CapPairCorr
  0.78RBKTX American Funds 2040PairCorr
  0.84AUENX Aqr Large CapPairCorr
  0.81ATPYX Aquila Three PeaksPairCorr
  0.63FASNX Fidelity Advisor SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Princeton Mutual Fund performing well and Princeton Premium 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 Princeton Premium'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.

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