Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PHTFX Fund  USD 10.84  0.03  0.28%   
The current 90-days correlation between Principal Lifetime Hybrid and Icon Natural Resources is 0.08 (i.e., Significant 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

Poor diversification

The correlation between Principal Lifetime Hybrid and DJI is 0.71 (i.e., Poor 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 census.

Moving together with Principal Mutual Fund

  0.84SABPX Strategic Asset ManaPairCorr
  0.84SACAX Strategic Asset ManaPairCorr
  0.99PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.99PFIFX Strategic Asset ManaPairCorr
  0.84PFISX International Small PanyPairCorr
  0.99PFIPX Strategic Asset ManaPairCorr
  0.99PFLJX Principal Lifetime 2050PairCorr
  0.96PFUMX Finisterre UnconstrainedPairCorr
  0.84PGBLX Global Diversified IncomePairCorr
  0.8PGBEX Blue Chip FundPairCorr
  0.97PGBHX Blue Chip FundPairCorr
  0.84PGDCX Global Diversified IncomePairCorr
  0.98PGDIX Global Diversified IncomePairCorr
  0.82PGDRX Diversified Real AssetPairCorr
  0.87PGLSX Global Multi StrategyPairCorr
  0.91STCCX Short Term IncomePairCorr
  0.83PGRTX Smallcap GrowthPairCorr
  0.84PGRUX Global Real EstatePairCorr
  0.84PGRKX Global Real EstatePairCorr
  0.83SCGPX Strategic Asset ManaPairCorr
  0.99PHJEX Principal Lifetime HybridPairCorr
  0.85PHJFX Principal Lifetime HybridPairCorr
  0.84PHJGX Principal Lifetime HybridPairCorr
  0.84PHJBX Principal Lifetime HybridPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  0.84PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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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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