Performance Trust Correlations

Mutual Funds . USA . 
Fund . Performance Trust Strategic
PTCOX Fund  USD 19.84  0.07  0.35%   
The current 90-days correlation between Performance Trust and Transamerica Financial Life is -0.03 (i.e., Good 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 -0.18 (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

  1.0PTAOX Performance TrustPairCorr
  0.81PTCRX Performance Trust CreditPairCorr
  1.0PTIAX Performance TrustPairCorr
  0.9PTIMX Performance TrustPairCorr
  0.9PTRMX Performance TrustPairCorr
  0.99MWTNX Metropolitan West TotalPairCorr
  0.99MWTSX Metropolitan West TotalPairCorr
  0.95PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.99PTTRX Total ReturnPairCorr
  1.0FIWGX Strategic AdvisersPairCorr
  1.0DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr
  0.73BRUFX Bruce Fund BrucePairCorr
  0.71KF Korea ClosedPairCorr

Moving against Performance Mutual Fund

  0.68XGEIX Guggenheim Energy IncomePairCorr
  0.35RYMEX Commodities StrategyPairCorr
  0.34RYMJX Commodities StrategyPairCorr
  0.76AMEIX Equity GrowthPairCorr
  0.74SPGSX State Street PremierPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.73FLACX Fidelity Stock SelectorPairCorr
  0.73AMGOX Alger Mid CapPairCorr
  0.71USA Liberty All StarPairCorr
  0.69ASTZX Astor Long/shortPairCorr
  0.69RFEBX American Funds FundaPairCorr
  0.68PWTAX Ubs AllocationPairCorr
  0.68FPURX Fidelity PuritanPairCorr
  0.5PFN Pimco Income StrategyPairCorr
  0.41THOPX Thompson BondPairCorr
  0.35RYMBX Commodities StrategyPairCorr
  0.31FFALX Franklin Founding FundsPairCorr
  0.83GUMPX Guggenheim Market NeutralPairCorr
  0.81FFRHX Fidelity Advisor FloatingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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