Pfg Global Correlations

Mutual Funds . USA . 
Fund . Pfg Global Equity
PFSGX Fund   12.64  0.33  2.68%   
The current 90-days correlation between Pfg Global Equity and Siit Large Cap is -0.09 (i.e., Good diversification). The correlation of Pfg Global 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 Global Correlation With Market

Good diversification

The correlation between Pfg Global Equity and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Global Equity 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 Global Equity. 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

  0.88PFADX Riskproreg Pfg 0PairCorr
  0.81PFDOX Riskproreg DynamicPairCorr
  0.92PFJDX Riskproreg; DynamicPairCorr
  0.93PFTEX Riskproreg; TacticalPairCorr
  0.93PFSEX Riskproreg; 30+PairCorr
  0.86PFSMX Riskproreg Pfg 30PairCorr
  0.9FCWGX American Funds CapitalPairCorr
  0.9FWCGX American Funds CapitalPairCorr
  0.95CWGIX Capital World GrowthPairCorr
  0.95CWGFX Capital World GrowthPairCorr
  0.95CWGCX Capital World GrowthPairCorr
  0.9RWIFX Capital World GrowthPairCorr
  0.95CWICX Capital World GrowthPairCorr
  0.9RWIAX Capital World GrowthPairCorr
  0.95CWIAX Capital World GrowthPairCorr
  0.9WGIFX Capital World GrowthPairCorr
  0.72ADAM New York Mortgage Symbol ChangePairCorr
  0.89PFN Pimco Income StrategyPairCorr
  0.84XDSMX Dreyfus StrategicPairCorr
  0.85CIF Mfs Intermediate HighPairCorr
  0.81XNXJX Nuveen New JerseyPairCorr
  0.87NXJ Nuveen New JerseyPairCorr
  0.87BCGDX Blue Current GlobalPairCorr
  0.91WESIX Teton Vertible SecuritiesPairCorr
  0.86PTIMX Performance TrustPairCorr
  0.89FAMKX Fidelity Advisor EmergingPairCorr
  0.91STARX Astor Star FundPairCorr
  0.64ANODX Small Cap GrowthPairCorr
  0.83SCWFX Smallcap WorldPairCorr
  0.84USCAX Small Cap StockPairCorr
  0.88QGRYX Oppenheimer Gbl AllocPairCorr
  0.9GPTCX Guidepath ServativePairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.71NRMGX Neuberger Berman MidPairCorr
  0.76SCHLX Deutsche Health AndPairCorr
  0.87ACMAX Absolute Capital DefenderPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.85GSCYX Small Cap EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg Global 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 Global'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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