Global Multi-strategy Correlations

Mutual Funds . USA . 
Fund . Global Multi Strategy Fund
PGLSX Fund  USD 11.52  0.03  0.26%   
The current 90-days correlation between Global Multi Strategy and Msift High Yield is 0.39 (i.e., Weak diversification). The correlation of Global Multi-strategy 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.

Global Multi-strategy Correlation With Market

Almost no diversification

The correlation between Global Multi Strategy Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Multi Strategy 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 Global Multi Strategy 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 state.

Moving together with Global Mutual Fund

  0.95SABPX Strategic Asset ManaPairCorr
  0.95SACAX Strategic Asset ManaPairCorr
  0.95SAGPX Strategic Asset ManaPairCorr
  0.94PFIJX Strategic Asset ManaPairCorr
  0.92PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.91PFISX International Small PanyPairCorr
  0.98PFIPX Strategic Asset ManaPairCorr
  0.95SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  0.96PFPPX Midcap GrowthPairCorr
  0.76PFRSX Real Estate SecuritiesPairCorr
  0.94SAUPX Strategic Asset ManaPairCorr
  0.93PFUMX Finisterre UnconstrainedPairCorr
  0.92PGBAX Global Diversified IncomePairCorr
  0.96PGBLX Global Diversified IncomePairCorr
  0.94PGBEX Blue Chip FundPairCorr
  0.94PGBGX Blue Chip FundPairCorr
  0.94PGBHX Blue Chip FundPairCorr
  0.95PGDCX Global Diversified IncomePairCorr
  0.92PGDIX Global Diversified IncomePairCorr
  0.93PGDRX Diversified Real AssetPairCorr
  0.86STCCX Short Term IncomePairCorr
  0.97PGRTX Smallcap GrowthPairCorr
  0.89PGRUX Global Real EstatePairCorr
  0.74PGSLX Principal Global SusPairCorr
  0.89PGRKX Global Real EstatePairCorr
  0.96PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.98SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  0.98PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.95PHJBX Principal Lifetime HybridPairCorr
  0.98PHJDX Principal Lifetime HybridPairCorr
  0.99PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  0.98PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Multi-strategy 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 Global Multi-strategy'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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