Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPFX Fund  USD 80.90  0.83  1.04%   
The current 90-days correlation between Permanent Portfolio Class and Health Care Portfolio is 0.19 (i.e., Average 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 0.89 (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
  1.0PRPDX Permanent Portfolio ClassPairCorr
  0.93PRTBX Short Term TreasuryPairCorr
  0.9PRVBX Versatile Bond PortfolioPairCorr
  0.81PRVHX Versatile Bond PortfolioPairCorr
  0.88PRVDX Versatile Bond PortfolioPairCorr
  0.94PAGDX Aggressive GrowthPairCorr
  0.94PAGHX Aggressive GrowthPairCorr
  0.94PAGRX Aggressive GrowthPairCorr
  0.92ABALX American BalancedPairCorr
  0.95BALCX American BalancedPairCorr
  0.92BALFX American BalancedPairCorr
  0.95FBONX American Funds AmericanPairCorr
  0.95FBAFX American Funds AmericanPairCorr
  0.95RLBCX American BalancedPairCorr
  0.95RLBBX American BalancedPairCorr
  0.92CLBAX American BalancedPairCorr
  0.95CLBEX American BalancedPairCorr
  0.95RLBFX American BalancedPairCorr
  0.74MGGYX Mirova Global GreenPairCorr
  0.95HLDIX Hartford EmergingPairCorr
  0.95HLDRX Hartford EmergingPairCorr
  0.95HLDAX Hartford EmergingPairCorr
  0.95HLDCX Hartford EmergingPairCorr
  0.95HLDTX Hartford EmergingPairCorr
  0.96VESIX Vanguard European StockPairCorr
  0.85AGCAX Arbitrage CreditPairCorr
  0.92VINEX Vanguard InternationalPairCorr
  0.76XCAFX Morgan Stanley ChinaPairCorr
  0.82CCD Calamos Dynamic ConvPairCorr
  0.89VTWAX Vanguard Total WorldPairCorr
  0.9FSMDX Fidelity Mid CapPairCorr
  0.89MKEFX Blackrock Eurofund ClassPairCorr
  0.92TSWHX TswhgyldbdinstlPairCorr
  0.9FBJYGX FbjygxPairCorr

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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