Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PHJFX Fund  USD 11.23  0.01  0.09%   
The current 90-days correlation between Principal Lifetime Hybrid and Valic Company I is -0.1 (i.e., Good diversification). The correlation of Principal Lifetime 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.

Principal Lifetime Correlation With Market

Very good diversification

The correlation between Principal Lifetime Hybrid and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime Hybrid 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 Principal Lifetime Hybrid. 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 price.

Moving together with Principal Mutual Fund

  1.0VTINX Vanguard Target RetiPairCorr
  1.0LIRIX Blackrock Lifepath IdxPairCorr
  1.0LIRAX Blackrock Lfpth IdxPairCorr
  1.0JSIIX Jpmorgan SmartretirementPairCorr
  0.91JSIZX Jpmorgan SmartretirementPairCorr
  1.0JSIYX Jpmorgan SmartretirementPairCorr
  1.0JSIPX Jpmorgan SmartretirementPairCorr
  1.0JSIQX Jpmorgan SmartretirementPairCorr
  0.99FNSHX Fidelity Freedom IncomePairCorr
  0.66GAAKX Gmo Alternative AlloPairCorr
  0.65GAAGX Gmo Alternative AlloPairCorr
  0.95GPBFX Gmo E PlusPairCorr
  0.85GPMFX Guidepath Managed FuturesPairCorr
  0.97PQTAX Pimco Trends ManagedPairCorr
  0.97PQTNX Pimco Trends ManagedPairCorr
  0.97PQTIX Aa Pimco TrPairCorr
  0.88WARCX Wells Fargo AdvantagePairCorr
  0.9FAUTX American Funds 2040PairCorr
  0.94DFIEX International E EquityPairCorr
  0.95DOXIX Dodge Cox IncomePairCorr
  0.95POSKX Primecap Odyssey StockPairCorr
  0.79CSFAX Cohen Steers GlobalPairCorr
  0.85RYATX Nasdaq 100 FundPairCorr
  0.88PVFAX Paradigm ValuePairCorr
  0.91GVIYX Guidestone Value EquityPairCorr
  0.66XOM Exxon Mobil CorpPairCorr
  0.81AXP American ExpressPairCorr
  0.71CAT CaterpillarPairCorr
  0.78JNJ Johnson JohnsonPairCorr
  0.74AA Alcoa Corp Earnings Call This WeekPairCorr
  0.73TRV The Travelers CompaniesPairCorr
  0.61HPQ HP IncPairCorr

Moving against Principal Mutual Fund

  0.71KO Coca Cola Earnings Call This WeekPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Principal Mutual Fund performing well and Principal Lifetime 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 Principal Lifetime'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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