Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPHX Fund  USD 79.68  0.68  0.86%   
The current 90-days correlation between Permanent Portfolio Class and Aggressive Growth Portfolio is 0.48 (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 0.84 (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 rate.

Moving together with Permanent Mutual Fund

  1.0PRPDX Permanent Portfolio ClassPairCorr
  1.0PRPFX Permanent Portfolio ClassPairCorr
  0.9PRTBX Short Term TreasuryPairCorr
  0.91PRVBX Versatile Bond PortfolioPairCorr
  0.9PRVHX Versatile Bond PortfolioPairCorr
  0.91PRVDX Versatile Bond PortfolioPairCorr
  0.9PAGDX Aggressive GrowthPairCorr
  0.9PAGHX Aggressive GrowthPairCorr
  0.9PAGRX Aggressive GrowthPairCorr
  0.93ABALX American BalancedPairCorr
  0.93BALCX American BalancedPairCorr
  0.93BALFX American BalancedPairCorr
  0.91FBONX American Funds AmericanPairCorr
  0.91FBAFX American Funds AmericanPairCorr
  0.93RLBCX American BalancedPairCorr
  0.93RLBBX American BalancedPairCorr
  0.93CLBAX American BalancedPairCorr
  0.93CLBEX American BalancedPairCorr
  0.93RLBFX American BalancedPairCorr
  0.73VTSAX Vanguard Total StockPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.72VTSMX Vanguard Total StockPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.72VSMPX Vanguard Total StockPairCorr
  0.72VITSX Vanguard Total StockPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.67VFINX Vanguard 500 IndexPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr
  0.62VBTLX Vanguard Total BondPairCorr
  0.91JSOCX Jpmorgan Strategic IncomePairCorr
  0.78ULPSX Ultrabull ProfundPairCorr
  0.75BCHIX California High YieldPairCorr
  0.9MDISX Franklin Mutual GlobalPairCorr
  0.84FDMMX Fidelity MassachusettsPairCorr
  0.88DPRSX Delaware ReitPairCorr
  0.83SDMCX Prudential Short DurationPairCorr
  0.97FGDTX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.79SJCIX Steward FundsPairCorr
  0.95MINFX Mfs International ValuePairCorr

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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