Performance Trust Correlations

PTAOX Fund

USD 20.16 0.05 0.25%

The current 90-days correlation between Performance Trust and T Rowe Price is 0.21 (i.e., Modest diversification). The correlation of Performance Trust 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.

Performance Trust Correlation With Market

Poor diversification

The correlation between Performance Trust Strategic and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Trust Strategic 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 Performance Trust Strategic. 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 metropolitan statistical area.

Moving together with Performance Mutual Fund

0.99	PTCOX	Performance Trust	Pair Corr
0.86	PTCRX	Performance Trust Credit	Pair Corr
0.98	PTIAX	Performance Trust	Pair Corr
0.78	PTIMX	Performance Trust	Pair Corr
0.78	PTRMX	Performance Trust	Pair Corr
0.96	DODIX	Dodge Income	Pair Corr
0.96	DOXIX	Dodge Cox Income	Pair Corr
0.91	FIWGX	Strategic Advisers	Pair Corr
0.89	MWTNX	Metropolitan West Total	Pair Corr
0.89	MWTSX	Metropolitan West Total	Pair Corr
0.93	PTTPX	Pimco Total Return	Pair Corr
0.94	PTRRX	Total Return	Pair Corr
0.93	PTRAX	Total Return	Pair Corr
0.93	PTTRX	Total Return	Pair Corr
0.95	PDBSX	Prudential Total Return	Pair Corr
0.77	PDI	Pimco Dynamic Income	Pair Corr
0.79	VWINX	Vanguard Wellesley Income	Pair Corr
0.66	RRCTX	American Funds 2020	Pair Corr
0.63	OGMYX	Oppenheimer Gold Special Steady Growth	Pair Corr
0.64	TSDOX	Touchstone Ultra Short	Pair Corr
0.73	FDFAX	Consumer Staples Por	Pair Corr
0.71	PSTCX	Virtus Multi Sector	Pair Corr
0.83	OIOIX	Orinda Income Opport	Pair Corr
0.67	SVXAX	Smead Funds Trust	Pair Corr
0.77	BCIAX	California Intermediate-ter	Pair Corr
0.85	NMMGX	Multi Manager Global	Pair Corr

Moving against Performance Mutual Fund

0.44	TCTGX	Transamerica Cleartrack	Pair Corr
0.43	TDKTX	Cleartrack 2015 Class	Pair Corr
0.68	UIPIX	Ultrashort Mid Cap	Pair Corr
0.63	CESGX	Coho Relative Value	Pair Corr
0.49	TCSUX	Cleartrack 2020 Class	Pair Corr
0.44	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	IICIX	RCWAX	WBFFX	BUBSX	STYAX	BBBIX	UBVRX	UBVLX	UBVFX	TRBFX
IICIX		0.72	0.72	0.67	0.91	0.74	0.58	0.71	0.71	0.82	IICIX
RCWAX	0.72		1.0	0.8	0.85	0.77	0.74	0.79	0.79	0.77	RCWAX
WBFFX	0.72	1.0		0.82	0.86	0.79	0.76	0.81	0.81	0.78	WBFFX
BUBSX	0.67	0.8	0.82		0.81	0.96	0.94	0.95	0.95	0.72	BUBSX
STYAX	0.91	0.85	0.86	0.81		0.8	0.74	0.84	0.84	0.81	STYAX
BBBIX	0.74	0.77	0.79	0.96	0.8		0.9	0.93	0.93	0.78	BBBIX
UBVRX	0.58	0.74	0.76	0.94	0.74	0.9		0.95	0.95	0.61	UBVRX
UBVLX	0.71	0.79	0.81	0.95	0.84	0.93	0.95		1.0	0.73	UBVLX
UBVFX	0.71	0.79	0.81	0.95	0.84	0.93	0.95	1.0		0.73	UBVFX
TRBFX	0.82	0.77	0.78	0.72	0.81	0.78	0.61	0.73	0.73		TRBFX
	IICIX	RCWAX	WBFFX	BUBSX	STYAX	BBBIX	UBVRX	UBVLX	UBVFX	TRBFX

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Risk-Adjusted Indicators

There is a big difference between Performance Mutual Fund performing well and Performance Trust 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 Performance Trust'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
IICIX	0.14	0.01	(0.24)	0.48	0.00	(0.19)	0.34	(0.23)	0.57
RCWAX	0.17	0.02	(0.18)	0.42	0.00	(0.20)	0.37	(0.25)	1.04
WBFFX	0.16	0.02	(0.18)	0.44	0.00	(0.19)	0.37	(0.25)	1.09
BUBSX	0.03	0.01	0.00	1.75	0.00	0.00	0.10	0.00	0.20
STYAX	0.14	0.01	(0.22)	0.32	0.00	(0.18)	0.35	(0.27)	0.62
BBBIX	0.05	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.48
UBVRX	0.94	0.23	0.32	0.26	0.39	(1.30)	3.00	(1.06)	10.86
UBVLX	0.79	0.12	0.16	0.19	0.56	(1.02)	2.42	(1.06)	4.79
UBVFX	0.79	0.12	0.16	0.19	0.56	(1.03)	2.44	(1.07)	4.82
TRBFX	0.06	0.00	(0.26)	(0.04)	0.00	(0.24)	0.21	(0.21)	0.63

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