Pfg American Correlations

PFGGX Fund

USD 14.26 0.13 0.92%

The current 90-days correlation between Pfg American Funds and Goldman Sachs Growth is 0.88 (i.e., Very poor diversification). The correlation of Pfg American 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.

Pfg American Correlation With Market

Good diversification

The correlation between Pfg American Funds and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg American Funds 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 Pfg American Funds. 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 rate.

Moving together with Pfg Mutual Fund

0.86	PFADX	Riskproreg Pfg 0	Pair Corr
0.9	PFCOX	Pfg American Funds	Pair Corr
0.91	PFESX	Pfg Br Equity	Pair Corr
0.84	PFDOX	Riskproreg; Dynamic	Pair Corr
0.97	PFFFX	Pfg Fidelity Institu	Pair Corr
0.87	PFFBX	Pfg Fidelity Institu	Pair Corr
0.96	PFFSX	Pfg Fidelity Institu	Pair Corr
0.85	PFIOX	Pfg Invesco Thematic	Pair Corr
0.91	PFJDX	Riskproreg Dynamic	Pair Corr
0.91	PFJHX	Pfg Janus Henderson	Pair Corr
0.9	PFTEX	Riskproreg; Tactical	Pair Corr
0.91	PFSEX	Riskproreg; 30+	Pair Corr
0.97	PFSGX	Pfg Global Equity	Pair Corr
0.64	PFSMX	Riskproreg Pfg 30	Pair Corr
0.98	PFTSX	Pfg Tactical Income	Pair Corr
0.89	FAFGX	American Funds	Pair Corr
0.89	FFAFX	American Funds	Pair Corr
0.88	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.89	CGFFX	Growth Fund	Pair Corr
0.88	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.99	CGFEX	Growth Fund	Pair Corr
0.88	RGAEX	Growth Fund	Pair Corr
0.86	BTMPX	Ishares Msci Eafe	Pair Corr
0.77	BTMKX	Blackrock International	Pair Corr
0.77	MDIIX	Blackrock Intern Index	Pair Corr
0.89	DMTFX	Delaware Tax Free	Pair Corr
0.92	TCLFX	Tiaa Cref Lifecycle	Pair Corr
0.83	SDMCX	Prudential Short Duration	Pair Corr
0.92	RDEGX	American Funds Developing	Pair Corr
0.66	HCUSX	Government Fixed	Pair Corr
0.8	HSIIX	Eagle Small Cap	Pair Corr

Moving against Pfg Mutual Fund

0.55	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.54	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.53	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.53	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	GGOAX	FLMFX	GNNDX	ARTSX	WILJX	WILNX	DSEFX	LYRIX	PLCIX	LEVIX
GGOAX		0.48	0.44	0.68	0.32	0.31	0.34	0.41	0.44	0.2	GGOAX
FLMFX	0.48		0.98	0.89	0.89	0.92	0.9	0.09	0.92	0.82	FLMFX
GNNDX	0.44	0.98		0.88	0.9	0.92	0.89	0.09	0.92	0.81	GNNDX
ARTSX	0.68	0.89	0.88		0.79	0.79	0.8	0.26	0.83	0.75	ARTSX
WILJX	0.32	0.89	0.9	0.79		0.92	0.94	0.1	0.93	0.88	WILJX
WILNX	0.31	0.92	0.92	0.79	0.92		0.87	-0.04	0.86	0.8	WILNX
DSEFX	0.34	0.9	0.89	0.8	0.94	0.87		0.17	0.95	0.92	DSEFX
LYRIX	0.41	0.09	0.09	0.26	0.1	-0.04	0.17		0.16	0.2	LYRIX
PLCIX	0.44	0.92	0.92	0.83	0.93	0.86	0.95	0.16		0.86	PLCIX
LEVIX	0.2	0.82	0.81	0.75	0.88	0.8	0.92	0.2	0.86		LEVIX
	GGOAX	FLMFX	GNNDX	ARTSX	WILJX	WILNX	DSEFX	LYRIX	PLCIX	LEVIX

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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

GNNDX	+ 0.98	FLMFX
PLCIX	+ 0.95	DSEFX
DSEFX	+ 0.94	WILJX
PLCIX	+ 0.93	WILJX
WILNX	+ 0.92	FLMFX
PLCIX	+ 0.92	FLMFX

High negative correlations

LYRIX

- 0.04

WILNX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg American 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 Pfg American'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
GGOAX	0.69	(0.03)	0.00	(0.77)	0.00	0.00	1.12	(1.32)	4.58
FLMFX	0.52	0.05	0.01	(1.28)	0.71	(0.54)	1.18	(0.97)	4.37
GNNDX	0.57	0.05	0.00	(1.06)	0.91	(0.54)	1.11	(1.13)	4.41
ARTSX	0.84	0.04	(0.01)	1.21	1.14	(0.84)	1.84	(1.90)	5.55
WILJX	0.59	0.01	0.00	0.07	0.77	(0.66)	1.53	(1.12)	4.52
WILNX	0.59	0.05	0.00	3.39	0.76	(0.67)	1.55	(1.13)	4.48
DSEFX	0.54	(0.01)	(0.02)	0.03	0.76	(0.49)	1.15	(1.05)	3.95
LYRIX	0.67	(0.07)	0.00	(0.02)	0.00	0.00	1.47	(1.70)	5.46
PLCIX	0.74	0.01	0.01	0.05	1.03	(0.74)	1.47	(1.49)	4.71
LEVIX	0.97	(0.01)	0.00	0.04	1.21	(1.13)	2.39	(2.60)	7.03

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