Performance Trust Correlations

PTAOX Fund

USD 19.87 0.03 0.15%

The current 90-days correlation between Performance Trust and Ab Global Risk is 0.16 (i.e., Average 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

Good diversification

The correlation between Performance Trust Strategic and DJI is -0.16 (i.e., Good 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 persons.

Moving together with Performance Mutual Fund

1.0	PTCOX	Performance Trust	Pair Corr
0.83	PTCRX	Performance Trust Credit	Pair Corr
1.0	PTIAX	Performance Trust	Pair Corr
0.9	PTIMX	Performance Trust	Pair Corr
0.91	PTRMX	Performance Trust	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.74	BRUFX	Bruce Fund Bruce	Pair Corr
0.69	KF	Korea Closed	Pair Corr

Moving against Performance Mutual Fund

0.68	XGEIX	Guggenheim Energy Income	Pair Corr
0.35	RYMEX	Commodities Strategy	Pair Corr
0.33	RYMJX	Commodities Strategy	Pair Corr
0.74	AMEIX	Equity Growth	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VFINX	Vanguard 500 Index	Pair Corr
0.72	SPGSX	State Street Premier	Pair Corr
0.71	FLACX	Fidelity Stock Selector	Pair Corr
0.71	AMGOX	Alger Mid Cap	Pair Corr
0.69	USA	Liberty All Star	Pair Corr
0.67	ASTZX	Astor Long/short	Pair Corr
0.67	RFEBX	American Funds Funda	Pair Corr
0.66	PWTAX	Ubs Allocation	Pair Corr
0.66	FPURX	Fidelity Puritan	Pair Corr
0.47	PFN	Pimco Income Strategy	Pair Corr
0.38	THOPX	Thompson Bond	Pair Corr
0.35	RYMBX	Commodities Strategy	Pair Corr
0.81	GUMPX	Guggenheim Market Neutral	Pair Corr
0.79	FFRHX	Fidelity Advisor Floating	Pair Corr

Related Correlations Analysis

	CABIX	MGFZX	EQTYX	ANAZX	MGKAX	CNGLX	PAGLX
CABIX		0.64	0.46	0.48	0.24	0.5	0.49	CABIX
MGFZX	0.64		0.21	-0.03	0.38	0.5	0.75	MGFZX
EQTYX	0.46	0.21		0.55	0.16	0.53	-0.05	EQTYX
ANAZX	0.48	-0.03	0.55		-0.34	-0.01	-0.42	ANAZX
MGKAX	0.24	0.38	0.16	-0.34		0.55	0.59	MGKAX
CNGLX	0.5	0.5	0.53	-0.01	0.55		0.35	CNGLX
PAGLX	0.49	0.75	-0.05	-0.42	0.59	0.35		PAGLX
	CABIX	MGFZX	EQTYX	ANAZX	MGKAX	CNGLX	PAGLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PAGLX	+ 0.75	MGFZX
MGFZX	+ 0.64	CABIX
PAGLX	+ 0.59	MGKAX
ANAZX	+ 0.55	EQTYX
CNGLX	+ 0.55	MGKAX
CNGLX	+ 0.53	EQTYX

High negative correlations

PAGLX	- 0.42	ANAZX
MGKAX	- 0.34	ANAZX
PAGLX	- 0.05	EQTYX
ANAZX	- 0.03	MGFZX
CNGLX	- 0.01	ANAZX

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
CABIX	0.30	0.00	(0.29)	0.03	0.37	(0.35)	0.57	(0.72)	1.86
MGFZX	0.74	(0.11)	(0.12)	(0.01)	1.03	(0.72)	1.58	(2.12)	4.78
EQTYX	0.42	0.00	(0.19)	0.09	0.44	(0.62)	1.11	(0.91)	2.53
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
MGKAX	0.72	(0.08)	(0.12)	0.01	0.89	(0.70)	1.39	(1.20)	3.63
CNGLX	0.53	(0.01)	(0.16)	(2.20)	0.78	(0.50)	1.04	(1.18)	3.68
PAGLX	0.52	(0.03)	(0.09)	0.07	0.69	(0.53)	1.14	(1.28)	3.68

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