Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPDX Fund  USD 81.80  1.34  1.67%   
The current 90-days correlation between Permanent Portfolio Class and Guggenheim Managed Futures is 0.58 (i.e., Very weak diversification). The correlation of Permanent Portfolio 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.

Permanent Portfolio Correlation With Market

Very weak diversification

The correlation between Permanent Portfolio Class and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Permanent Portfolio Class 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 Permanent Portfolio Class. 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 small area income & poverty estimates.

Moving together with Permanent Mutual Fund

  0.91PRPHX Permanent Portfolio ClassPairCorr
  0.91PRPFX Permanent Portfolio ClassPairCorr
  0.81PRTBX Short Term TreasuryPairCorr
  0.79PRVBX Versatile Bond PortfolioPairCorr
  0.93PRVHX Versatile Bond PortfolioPairCorr
  0.95PRVDX Versatile Bond PortfolioPairCorr
  0.94PAGDX Aggressive GrowthPairCorr
  0.94PAGHX Aggressive GrowthPairCorr
  0.88PAGRX Aggressive GrowthPairCorr
  0.92ABALX American BalancedPairCorr
  0.95BALCX American BalancedPairCorr
  0.87BALFX American BalancedPairCorr
  0.94FBONX American Funds AmericanPairCorr
  0.94FBAFX American Funds AmericanPairCorr
  0.87RLBCX American BalancedPairCorr
  0.87RLBBX American BalancedPairCorr
  0.93CLBAX American BalancedPairCorr
  0.94CLBEX American BalancedPairCorr
  0.94RLBFX American BalancedPairCorr
  0.82SMPSX Semiconductor UltrasectorPairCorr
  0.81UJPIX Ultrajapan ProfundPairCorr
  0.86PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.88FGPMX Franklin Gold And Steady GrowthPairCorr
  0.86PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.86RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.81RMQHX Monthly Rebalance Steady GrowthPairCorr
  0.88FGADX Franklin Gold Precious Steady GrowthPairCorr
  0.9CVTRX Calamos Growth IncomePairCorr
  0.93PLSRX Pacific Funds StrategicPairCorr
  0.91BATPX Bats Series PPairCorr
  0.92BGCAX Blackrock Global LonPairCorr
  0.64CONOX Lazard FundsPairCorr
  0.95SCWCX American Fds SmallcapPairCorr
  0.63IEYYX Ivy Energy FundPairCorr
  0.74MECZX Amg Managers CadencePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Permanent Mutual Fund performing well and Permanent Portfolio 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 Permanent Portfolio'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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