International Emerging Correlations

PRIAX Fund

USD 26.16 0.13 0.49%

The current 90-days correlation between International Emerging and Strategic Asset Management is -0.12 (i.e., Good diversification). The correlation of International Emerging 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.

International Emerging Correlation With Market

Weak diversification

The correlation between International Emerging Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Emerging Markets 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 International Emerging Markets. 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 International Mutual Fund

0.74

PGDRX

Diversified Real Asset

Pair Corr

Related Correlations Analysis

	SACAX	SAGPX	PFIJX	PFILX	SAIPX	PXASX	PFLJX	PFUMX	PGBEX	PGBFX
SACAX		0.93	0.28	0.22	0.69	0.84	0.91	0.5	0.87	0.93	SACAX
SAGPX	0.93		0.29	0.23	0.82	0.78	0.99	0.56	0.93	0.88	SAGPX
PFIJX	0.28	0.29		1.0	0.72	0.72	0.34	0.79	0.14	0.18	PFIJX
PFILX	0.22	0.23	1.0		0.69	0.68	0.28	0.76	0.09	0.13	PFILX
SAIPX	0.69	0.82	0.72	0.69		0.85	0.84	0.82	0.69	0.63	SAIPX
PXASX	0.84	0.78	0.72	0.68	0.85		0.81	0.73	0.63	0.71	PXASX
PFLJX	0.91	0.99	0.34	0.28	0.84	0.81		0.57	0.88	0.82	PFLJX
PFUMX	0.5	0.56	0.79	0.76	0.82	0.73	0.57		0.45	0.46	PFUMX
PGBEX	0.87	0.93	0.14	0.09	0.69	0.63	0.88	0.45		0.94	PGBEX
PGBFX	0.93	0.88	0.18	0.13	0.63	0.71	0.82	0.46	0.94		PGBFX
	SACAX	SAGPX	PFIJX	PFILX	SAIPX	PXASX	PFLJX	PFUMX	PGBEX	PGBFX

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Emerging 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 International Emerging'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
SACAX	0.51	0.08	(0.06)	28.07	0.56	(0.54)	1.16	(0.99)	3.03
SAGPX	0.43	(0.02)	(0.10)	0.09	0.50	(0.45)	0.96	(0.82)	2.47
PFIJX	0.20	0.00	(0.40)	0.15	0.20	(0.22)	0.42	(0.41)	1.24
PFILX	0.21	0.00	(0.39)	0.13	0.22	(0.22)	0.41	(0.41)	1.23
SAIPX	0.25	(0.02)	(0.28)	0.06	0.26	(0.27)	0.56	(0.56)	1.34
PXASX	0.33	0.02	(0.20)	1.37	0.39	(0.35)	0.76	(0.68)	2.00
PFLJX	0.51	(0.04)	(0.10)	0.06	0.58	(0.55)	1.03	(1.08)	3.00
PFUMX	0.16	0.01	(0.44)	0.22	0.11	(0.20)	0.34	(0.33)	1.00
PGBEX	0.60	0.00	(0.01)	0.12	0.79	(0.61)	1.17	(1.51)	5.17
PGBFX	0.60	0.11	(0.01)	(2.12)	0.77	(0.61)	1.17	(1.51)	5.16

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International Emerging Correlations

International Emerging Correlation With Market

Weak diversification

Moving together with International Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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