Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PLTFX Fund  USD 14.04  0.06  0.43%   
The current 90-days correlation between Principal Lifetime Hybrid and Strategic Asset Management is 0.88 (i.e., Very poor 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

Good diversification

The correlation between Principal Lifetime Hybrid and DJI is -0.16 (i.e., 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

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  0.73SAGPX Strategic Asset ManaPairCorr
  0.69PFIJX Strategic Asset ManaPairCorr
  0.82PFIEX International EquityPairCorr
  0.72PFIFX Strategic Asset ManaPairCorr
  0.72PFISX International Small PanyPairCorr
  0.71PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  0.79PFPPX Midcap GrowthPairCorr
  0.69SAUPX Strategic Asset ManaPairCorr
  0.96PFUMX Finisterre UnconstrainedPairCorr
  0.94PGBAX Global Diversified IncomePairCorr
  0.94PGBLX Global Diversified IncomePairCorr
  0.93PGBEX Blue Chip FundPairCorr
  0.81PGBGX Blue Chip FundPairCorr
  0.76PGBHX Blue Chip FundPairCorr
  0.67PGDCX Global Diversified IncomePairCorr
  0.75PGDIX Global Diversified IncomePairCorr
  0.89PGDRX Diversified Real AssetPairCorr
  0.99PGLSX Global Multi StrategyPairCorr
  0.66PGRTX Smallcap GrowthPairCorr
  0.93PGWIX Midcap GrowthPairCorr
  0.8SCBPX Strategic Asset ManaPairCorr
  0.96SCIPX Strategic Asset ManaPairCorr
  1.0SCGPX Strategic Asset ManaPairCorr
  0.81PHJEX Principal Lifetime HybridPairCorr
  0.78PHJFX Principal Lifetime HybridPairCorr
  0.97PHJGX Principal Lifetime HybridPairCorr
  1.0PHJBX Principal Lifetime HybridPairCorr
  1.0PHJDX Principal Lifetime HybridPairCorr
  0.74PHJNX Principal Lifetime HybridPairCorr
  0.79PHJQX Principal Lifetime HybridPairCorr
  0.74PHJJX Principal Lifetime HybridPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.29  0.09 (0.07)(1.14) 0.00 
(0.36)
 0.70 
(0.48)
 1.55 
SACAX  0.42  0.13  0.00 (0.68) 0.30 
(0.49)
 1.11 
(0.81)
 2.36 
SAGPX  0.37  0.02 (0.03) 0.15  0.18 
(0.45)
 0.92 
(0.65)
 1.98 
PFIJX  0.17  0.03 (0.22) 0.28  0.00 
(0.23)
 0.40 
(0.32)
 0.96 
PFIEX  0.61 (0.02)(0.04) 0.09  0.67 
(0.68)
 1.33 
(1.38)
 4.06 
PFIFX  0.19  0.02 (0.23) 0.20  0.00 
(0.24)
 0.41 
(0.32)
 1.04 
PFISX  0.52  0.11 (0.04)(0.29) 0.57 
(0.58)
 1.27 
(1.17)
 3.13 
PFIPX  0.19  0.02 (0.23) 0.21  0.00 
(0.24)
 0.41 
(0.32)
 0.99 
SAIPX  0.21  0.07 (0.16)(2.54) 0.00 
(0.26)
 0.54 
(0.32)
 1.15 
PFLJX  0.43  0.02  0.00  0.14  0.29 
(0.49)
 1.18 
(0.87)
 2.47 

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