Performance Trust Correlations

PTIAX Fund

USD 19.57 0.06 0.31%

The current 90-days correlation between Performance Trust and Alphacentric Income Opportunities is 0.08 (i.e., Significant 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

Modest diversification

The correlation between Performance Trust Strategic and DJI is 0.21 (i.e., Modest 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 nation.

Moving together with Performance Mutual Fund

0.93	PTAOX	Performance Trust	Pair Corr
0.77	PTCRX	Performance Trust Credit	Pair Corr
0.82	PTIMX	Performance Trust	Pair Corr
0.83	PTRMX	Performance Trust	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.97	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
0.97	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.89	MWTIX	Metropolitan West Total	Pair Corr
0.97	MWTRX	Metropolitan West Total	Pair Corr
0.76	PZHEX	T Rowe Price	Pair Corr
0.8	FPXIX	Fidelity Advisor 529	Pair Corr
0.7	HDPMX	Hodges Fund Retail Potential Growth	Pair Corr
0.83	FMRAX	Fidelity Managed Ret	Pair Corr
0.79	ABWAX	Ab All Market	Pair Corr
0.74	TEGYX	Mid Cap Growth	Pair Corr
0.84	SFMRX	American Beacon Stephens	Pair Corr

Moving against Performance Mutual Fund

0.31	GPICX	Guidepath Conservative	Pair Corr
0.56	PRLVX	Private Shares	Pair Corr

Related Correlations Analysis

	IOFIX	PTIMX	GIBIX	PONAX	GIBLX
IOFIX		0.72	0.74	0.36	0.76	IOFIX
PTIMX	0.72		0.78	0.53	0.79	PTIMX
GIBIX	0.74	0.78		0.85	1.0	GIBIX
PONAX	0.36	0.53	0.85		0.84	PONAX
GIBLX	0.76	0.79	1.0	0.84		GIBLX
	IOFIX	PTIMX	GIBIX	PONAX	GIBLX

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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
IOFIX	0.22	(0.05)	0.00	(0.65)	0.00	0.00	0.41	(0.55)	1.50
PTIMX	0.21	0.00	(0.17)	(0.03)	0.34	(0.22)	0.49	(0.52)	1.76
GIBIX	0.23	(0.02)	0.00	(0.15)	0.00	0.00	0.56	(0.51)	1.49
PONAX	0.17	0.01	(0.20)	0.19	0.15	(0.22)	0.57	(0.38)	1.33
GIBLX	0.23	(0.02)	0.00	(0.18)	0.00	0.00	0.56	(0.56)	1.45

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