Long Term Correlations

PFGCX Fund

USD 13.66 0.02 0.15%

The current 90-days correlation between Long Term Government and Franklin Small Cap is 0.11 (i.e., Average diversification). The correlation of Long Term 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.

Long Term Correlation With Market

Average diversification

The correlation between Long Term Government Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Long Term Government Fund 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 Long Term Government Fund. 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 main economic indicators.

Moving together with Long Mutual Fund

0.65	PWLEX	Pimco Rae Worldwide	Pair Corr
0.65	PWLMX	Pimco Rae Worldwide	Pair Corr
0.64	PWLIX	Pimco Rae Worldwide	Pair Corr
0.78	PFATX	Pimco Fundamental	Pair Corr
1.0	PFGAX	Long Term Government	Pair Corr
0.68	PFMIX	Municipal Bond	Pair Corr
1.0	PGOVX	Long Term Government	Pair Corr
0.73	PHMIX	Pimco High Yield	Pair Corr
0.76	PMBIX	Total Return	Pair Corr
0.71	PMLCX	Municipal Bond	Pair Corr

Moving against Long Mutual Fund

0.55	PFUAX	Foreign Bond	Pair Corr
0.54	PFRCX	Foreign Bond	Pair Corr
0.54	PFUIX	Foreign Bond	Pair Corr
0.54	PFUNX	Pimco International Bond	Pair Corr
0.38	PFSIX	Pimco Emerging Markets	Pair Corr
0.33	PGAIX	Pimco Global Multi	Pair Corr
0.42	PZRPX	Pimco Rae Fundamental	Pair Corr

Related Correlations Analysis

	FCSGX	HRSCX	GMSMX	JAADX	MSSGX	MMSCX	FARMX
FCSGX		1.0	0.99	0.86	0.91	0.99	0.89	FCSGX
HRSCX	1.0		0.99	0.86	0.91	0.99	0.89	HRSCX
GMSMX	0.99	0.99		0.86	0.91	1.0	0.91	GMSMX
JAADX	0.86	0.86	0.86		0.91	0.82	0.96	JAADX
MSSGX	0.91	0.91	0.91	0.91		0.88	0.89	MSSGX
MMSCX	0.99	0.99	1.0	0.82	0.88		0.88	MMSCX
FARMX	0.89	0.89	0.91	0.96	0.89	0.88		FARMX
	FCSGX	HRSCX	GMSMX	JAADX	MSSGX	MMSCX	FARMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Long Mutual Fund performing well and Long Term 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 Long Term'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
FCSGX	1.38	0.04	0.02	0.06	2.08	(1.34)	2.68	(2.98)	15.12
HRSCX	1.41	0.06	0.03	0.07	2.07	(1.56)	2.91	(3.01)	14.80
GMSMX	1.24	0.05	0.03	0.07	1.75	(1.40)	2.64	(2.67)	12.71
JAADX	0.74	0.10	0.05	0.22	1.35	(0.72)	1.40	(1.34)	6.77
MSSGX	1.74	0.14	0.06	0.13	2.14	(2.03)	3.73	(3.71)	15.77
MMSCX	1.22	0.03	0.02	0.05	1.81	(1.37)	2.40	(2.79)	13.01
FARMX	0.90	0.13	0.09	0.21	1.26	(1.01)	1.93	(1.74)	8.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC