Performance Trust Correlations

PTIMX Fund

USD 23.08 0.02 0.09%

The current 90-days correlation between Performance Trust and Vanguard Intermediate Term Tax Exempt is 0.94 (i.e., Almost no 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

Very good diversification

The correlation between Performance Trust Municipal and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Trust Municipal 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 Municipal. 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 population.

Moving together with Performance Mutual Fund

0.9	PTAOX	Performance Trust	Pair Corr
0.9	PTCOX	Performance Trust	Pair Corr
0.85	PTCRX	Performance Trust Credit	Pair Corr
0.9	PTIAX	Performance Trust	Pair Corr
1.0	PTRMX	Performance Trust	Pair Corr
0.96	VWITX	Vanguard Intermediate-ter	Pair Corr
0.95	VWIUX	Vanguard Intermediate-ter	Pair Corr
0.93	AFTEX	Tax Exempt Bond	Pair Corr
0.93	AFTFX	Tax Exempt Bond	Pair Corr
0.95	TEBCX	Tax Exempt Bond	Pair Corr
0.91	TEAFX	Tax Exempt Bond	Pair Corr
0.91	TFEBX	Tax Exempt Bond	Pair Corr
0.89	FLTMX	Fidelity Intermediate	Pair Corr
0.93	MDNLX	Blackrock National	Pair Corr
0.95	MFNLX	Blackrock Natl Muni	Pair Corr
0.7	PFIFX	Strategic Asset Mana	Pair Corr

Moving against Performance Mutual Fund

0.62	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.61	SMPIX	Semiconductor Ultrasector	Pair Corr
0.59	SMPSX	Semiconductor Ultrasector	Pair Corr
0.63	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.63	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.63	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.53	BPIRX	Boston Partners Longshort	Pair Corr
0.52	VFIAX	Vanguard 500 Index	Pair Corr
0.46	ASTZX	Astor Long/short	Pair Corr
0.45	RTSAX	Tax Managed Mid	Pair Corr
0.45	LMBAX	Qs Small Capitalization	Pair Corr
0.41	RSNYX	Victory Global Natural	Pair Corr
0.41	RSNRX	Victory Global Natural	Pair Corr
0.41	RGNCX	Victory Global Natural	Pair Corr
0.64	CPLIX	Calamos Phineus Longshort	Pair Corr
0.54	FCNTX	Fidelity Contrafund	Pair Corr

Related Correlations Analysis

	VWITX	VWIUX	AFTEX	AFTFX	TEBCX	TEAFX	FLTMX	MDNLX
VWITX		1.0	0.99	0.99	1.0	0.98	0.91	0.98	VWITX
VWIUX	1.0		0.99	0.99	1.0	0.99	0.91	0.99	VWIUX
AFTEX	0.99	0.99		1.0	1.0	1.0	0.89	0.98	AFTEX
AFTFX	0.99	0.99	1.0		1.0	1.0	0.89	0.98	AFTFX
TEBCX	1.0	1.0	1.0	1.0		0.99	0.9	0.98	TEBCX
TEAFX	0.98	0.99	1.0	1.0	0.99		0.88	0.98	TEAFX
FLTMX	0.91	0.91	0.89	0.89	0.9	0.88		0.88	FLTMX
MDNLX	0.98	0.99	0.98	0.98	0.98	0.98	0.88		MDNLX
	VWITX	VWIUX	AFTEX	AFTFX	TEBCX	TEAFX	FLTMX	MDNLX

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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
VWITX	0.12	0.01	(0.43)	0.05	0.16	(0.17)	0.22	(0.22)	1.03
VWIUX	0.12	0.01	(0.42)	0.03	0.16	(0.17)	0.29	(0.29)	1.10
AFTEX	0.13	0.01	(0.33)	(0.03)	0.20	(0.18)	0.32	(0.32)	1.29
AFTFX	0.13	0.01	(0.33)	(0.03)	0.20	(0.18)	0.32	(0.32)	1.29
TEBCX	0.13	0.01	(0.33)	0.00	0.20	(0.17)	0.32	(0.32)	1.29
TEAFX	0.13	0.01	(0.32)	(0.04)	0.19	(0.18)	0.32	(0.32)	1.29
FLTMX	0.11	(0.01)	(0.41)	(0.07)	0.15	(0.19)	0.30	(0.29)	1.09
MDNLX	0.14	0.01	(0.40)	(0.01)	0.16	(0.19)	0.30	(0.29)	1.09

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