Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPFX Fund  USD 79.19  0.92  1.15%   
The current 90-days correlation between Permanent Portfolio Class and Aggressive Growth Portfolio is 0.53 (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 poor diversification

The correlation between Permanent Portfolio Class and DJI is 0.88 (i.e., Very poor 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 price.

Moving together with PERMANENT Mutual Fund

  1.0PRPHX Permanent Portfolio ClassPairCorr
  0.97PRPDX Permanent Portfolio ClassPairCorr
  0.92PRTBX Short Term TreasuryPairCorr
  0.93PRVBX Versatile Bond PortfolioPairCorr
  0.93PRVHX Versatile Bond PortfolioPairCorr
  0.93PRVDX Versatile Bond PortfolioPairCorr
  0.92PAGDX Aggressive GrowthPairCorr
  0.91PAGHX Aggressive GrowthPairCorr
  0.92PAGRX Aggressive GrowthPairCorr
  0.93ABALX American BalancedPairCorr
  0.93BALCX American BalancedPairCorr
  0.94BALFX American BalancedPairCorr
  0.93FBONX American Funds AmericanPairCorr
  0.93FBAFX American Funds AmericanPairCorr
  0.94RLBCX American BalancedPairCorr
  0.94RLBBX American BalancedPairCorr
  0.93CLBAX American BalancedPairCorr
  0.94CLBEX American BalancedPairCorr
  0.94RLBFX American BalancedPairCorr
  0.81VTSAX Vanguard Total StockPairCorr
  0.77VFIAX Vanguard 500 IndexPairCorr
  0.8VTSMX Vanguard Total StockPairCorr
  0.81VSTSX Vanguard Total StockPairCorr
  0.81VSMPX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.78VFINX Vanguard 500 IndexPairCorr
  0.78VFFSX Vanguard 500 IndexPairCorr
  0.69NCICX New Enant IncomePairCorr
  0.74FSMUX Strategic AdvisersPairCorr
  0.9ISTNX Ivy Science AndPairCorr
  0.93SLMCX Columbia SeligmanPairCorr
  0.84TRAIX T Rowe PricePairCorr
  0.89SSTHX Wells Fargo ShortPairCorr
  0.63FGSIX Federated Mdt MidPairCorr
  0.87CVMAX Calvert Emerging MarketsPairCorr
  0.93JABSX Jhancock MultimanagerPairCorr
  0.92GSTOX Goldman Sachs SmallPairCorr

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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