Princeton Premium Correlations

PPFIX Fund

USD 12.05 0.01 0.08%

The current 90-days correlation between Princeton Premium and Eagle Mlp Strategy is -0.16 (i.e., Good 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 0.81 (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 gross domestic product.

Moving together with Princeton Mutual Fund

1.0	PPFAX	Princeton Premium	Pair Corr
1.0	PAPAX	Putnam Asia Pacific	Pair Corr
1.0	PAPIX	Princeton Adaptive	Pair Corr
0.78	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.8	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.8	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.73	GTENX	Gateway Fund Class	Pair Corr
0.71	GTECX	Gateway Fund Class	Pair Corr
0.73	GTEYX	Gateway Fund Class	Pair Corr
0.73	GATEX	Gateway Fund Class	Pair Corr
0.71	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.74	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.74	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VTSNX	Vanguard Total Inter	Pair Corr
0.74	VTISX	Vanguard Total Inter	Pair Corr
0.75	VTPSX	Vanguard Total Inter	Pair Corr
0.69	VINIX	Vanguard Institutional	Pair Corr
0.67	SEMNX	Hartford Schroders	Pair Corr
0.93	BRSDX	Mfs Blended Research	Pair Corr
0.72	EMLIX	Mfs Emerging Markets	Pair Corr
0.74	SRMAX	Deutsche Short Term	Pair Corr
0.76	FIHFX	Fidelity Freedom Index	Pair Corr
0.73	SVFYX	Smead Value Fund	Pair Corr
0.61	VFIDX	Vanguard Intermediate	Pair Corr
0.83	LAMCX	Lord Abbett Calibrated	Pair Corr
0.88	PVCMX	Palm Valley Capital	Pair Corr
0.64	DFEVX	Emerging Markets Value	Pair Corr
0.79	TRAIX	T Rowe Price	Pair Corr
0.7	EMLKX	Mfs Emerging Markets	Pair Corr
0.88	GCEAX	Ab Global E	Pair Corr

Related Correlations Analysis

	PPFAX	PPFIX	PAPAX	PAPIX	FLOTX	FGDIX	AEDNX	WCPSX	TMARX	EGLAX
PPFAX		1.0	1.0	1.0	0.8	0.76	0.93	0.79	0.68	0.57	PPFAX
PPFIX	1.0		1.0	1.0	0.8	0.76	0.93	0.79	0.68	0.57	PPFIX
PAPAX	1.0	1.0		1.0	0.8	0.74	0.92	0.78	0.65	0.52	PAPAX
PAPIX	1.0	1.0	1.0		0.81	0.75	0.92	0.79	0.66	0.53	PAPIX
FLOTX	0.8	0.8	0.8	0.81		0.71	0.87	0.78	0.7	0.28	FLOTX
FGDIX	0.76	0.76	0.74	0.75	0.71		0.85	0.62	0.92	0.79	FGDIX
AEDNX	0.93	0.93	0.92	0.92	0.87	0.85		0.79	0.8	0.63	AEDNX
WCPSX	0.79	0.79	0.78	0.79	0.78	0.62	0.79		0.57	0.37	WCPSX
TMARX	0.68	0.68	0.65	0.66	0.7	0.92	0.8	0.57		0.81	TMARX
EGLAX	0.57	0.57	0.52	0.53	0.28	0.79	0.63	0.37	0.81		EGLAX
	PPFAX	PPFIX	PAPAX	PAPIX	FLOTX	FGDIX	AEDNX	WCPSX	TMARX	EGLAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PPFAX	0.09	0.04	0.00	(3.01)	0.00	0.00	0.09	0.00	2.25
PPFIX	0.09	0.04	0.00	(2.24)	0.00	0.00	0.09	0.00	2.39
PAPAX	0.12	0.06	0.00	(1.46)	0.00	0.00	0.11	0.00	3.59
PAPIX	0.11	0.06	0.00	(1.84)	0.00	0.00	0.10	0.00	3.47
FLOTX	0.07	(0.01)	(0.41)	(0.03)	0.00	(0.13)	0.22	(0.21)	0.43
FGDIX	2.07	0.45	0.13	0.40	2.94	(2.22)	5.28	(5.05)	17.37
AEDNX	0.10	0.01	(0.33)	0.26	0.00	(0.13)	0.24	(0.16)	0.55
WCPSX	0.94	(0.01)	(0.02)	0.05	1.05	(1.12)	1.75	(2.13)	6.76
TMARX	0.12	0.01	(0.28)	0.19	0.00	(0.18)	0.23	(0.22)	0.89
EGLAX	0.72	0.28	0.27	4.55	0.43	(0.87)	1.47	(1.35)	3.77

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Princeton Premium Correlations

Princeton Premium Correlation With Market

Very poor diversification

Moving together with Princeton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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