Short-term Income Correlations

PSTPX Fund

USD 10.14 0.01 0.1%

The current 90-days correlation between Short Term Income and Palmer Square Ssi is 0.18 (i.e., Average diversification). The correlation of Short-term Income 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.

Short-term Income Correlation With Market

Significant diversification

The correlation between Short Term Income Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Income Fund 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 Short Term Income Fund. 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 american community survey.

Moving together with Short-term Mutual Fund

0.99	PSCIX	Palmer Square Ssi	Pair Corr
0.98	PSDSX	Palmer Square Ultra	Pair Corr
0.99	PSYPX	Palmer Square Income	Pair Corr
0.94	PTSPX	Pimco Short Term	Pair Corr
0.94	PTSHX	Short Term Fund	Pair Corr
0.94	PSFAX	Short Term Fund	Pair Corr
0.94	PTSRX	Short Term Fund	Pair Corr
0.93	PSDNX	Putnam Ultra Short	Pair Corr
0.95	LUSNX	Lord Abbett Ultra	Pair Corr
0.98	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.94	PSDRX	Putnam Short Duration	Pair Corr
0.92	PSDYX	Putnam Short Duration	Pair Corr
0.81	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	LSHAX	Horizon Spin Off Downward Rally	Pair Corr
0.81	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.66	SMPSX	Semiconductor Ultrasector	Pair Corr
0.81	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.7	RIV	Rivernorth Opportunities	Pair Corr
0.84	GRSPX	Greenspring Fund Retail	Pair Corr
0.87	LTFOX	Lord Abbett Affiliated	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VIGAX	Vanguard Growth Index	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.86	RCILX	Alternative Credit Income	Pair Corr
0.72	SCRYX	Small Cap Core	Pair Corr
0.87	FPURX	Fidelity Puritan	Pair Corr
0.87	INDEX	Sp 500 Equal	Pair Corr
0.84	FBALX	Fidelity Balanced	Pair Corr
0.82	WBCIX	William Blair Small	Pair Corr
0.87	RQECX	Resq Dynamic Allocation	Pair Corr
0.78	SMERX	Invesco Small Cap	Pair Corr
0.85	DPG	Duff And Phelps	Pair Corr
0.67	PAHHX	T Rowe Price	Pair Corr
0.81	VWELX	Vanguard Wellington	Pair Corr
0.69	GAB	Gabelli Equity Trust	Pair Corr

Related Correlations Analysis

	PSCIX	PSDSX	PSYPX	HFMIX	VMGRX	ASCGX	JDCAX	SWLGX	VFIAX
PSCIX		0.98	0.99	0.87	0.9	0.86	0.91	0.91	0.9	PSCIX
PSDSX	0.98		0.98	0.84	0.89	0.83	0.89	0.9	0.89	PSDSX
PSYPX	0.99	0.98		0.81	0.85	0.8	0.87	0.87	0.86	PSYPX
HFMIX	0.87	0.84	0.81		0.99	0.97	0.92	0.94	0.91	HFMIX
VMGRX	0.9	0.89	0.85	0.99		0.97	0.94	0.96	0.93	VMGRX
ASCGX	0.86	0.83	0.8	0.97	0.97		0.95	0.96	0.91	ASCGX
JDCAX	0.91	0.89	0.87	0.92	0.94	0.95		0.99	0.93	JDCAX
SWLGX	0.91	0.9	0.87	0.94	0.96	0.96	0.99		0.95	SWLGX
VFIAX	0.9	0.89	0.86	0.91	0.93	0.91	0.93	0.95		VFIAX
	PSCIX	PSDSX	PSYPX	HFMIX	VMGRX	ASCGX	JDCAX	SWLGX	VFIAX

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Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term Income 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 Short-term Income'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
PSCIX	0.06	0.03	0.00	0.98	0.00	0.00	0.10	0.00	0.31
PSDSX	0.02	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.05
PSYPX	0.04	0.01	0.00	1.60	0.00	0.00	0.10	0.00	0.20
HFMIX	0.74	0.03	0.03	0.15	0.82	(0.80)	1.75	(1.33)	3.92
VMGRX	0.73	0.05	0.05	0.16	0.83	(0.78)	1.55	(1.48)	4.66
ASCGX	1.08	0.00	0.04	0.12	1.17	(1.19)	2.24	(1.89)	6.62
JDCAX	0.66	(0.01)	(0.03)	0.10	0.92	(0.63)	1.39	(1.76)	4.63
SWLGX	0.71	0.02	0.00	0.14	1.04	(0.66)	1.67	(2.11)	5.14
VFIAX	0.56	0.10	(0.02)	(7.61)	0.65	(0.57)	1.17	(1.31)	3.84

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Short-term Income Correlations

Short-term Income Correlation With Market

Significant diversification

Moving together with Short-term Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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