Preferred Securities Correlations

PPARX Fund

USD 9.36 0.03 0.32%

The current 90-days correlation between Preferred Securities and Auer Growth Fund is 0.43 (i.e., Very weak diversification). The correlation of Preferred Securities 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.

Preferred Securities Correlation With Market

Significant diversification

The correlation between Preferred Securities Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Preferred Securities 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 Preferred Securities Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Preferred Mutual Fund

0.95	ONERX	One Rock Fund	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.85	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.7	WMT	Walmart	Pair Corr
0.73	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.78	INTC	Intel	Pair Corr

Moving against Preferred Mutual Fund

0.75	KO	Coca Cola Earnings Call This Week	Pair Corr
0.7	BA	Boeing	Pair Corr
0.68	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	AUERX	RPNCX	PIGDX	SCGCX	MPGFX	GETFX	NEAIX
AUERX		0.95	0.91	0.94	0.94	0.95	0.88	AUERX
RPNCX	0.95		0.9	0.93	0.92	0.94	0.94	RPNCX
PIGDX	0.91	0.9		0.98	0.95	0.97	0.92	PIGDX
SCGCX	0.94	0.93	0.98		0.98	1.0	0.93	SCGCX
MPGFX	0.94	0.92	0.95	0.98		0.98	0.92	MPGFX
GETFX	0.95	0.94	0.97	1.0	0.98		0.94	GETFX
NEAIX	0.88	0.94	0.92	0.93	0.92	0.94		NEAIX
	AUERX	RPNCX	PIGDX	SCGCX	MPGFX	GETFX	NEAIX

Risk-Adjusted Indicators

There is a big difference between Preferred Mutual Fund performing well and Preferred Securities 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 Preferred Securities' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUERX	0.76	0.19	0.14	(1.28)	0.74	(0.92)	2.21	(1.54)	5.50
RPNCX	0.99	0.16	0.07	(0.30)	1.04	(1.12)	2.46	(1.65)	6.29
PIGDX	0.57	0.08	0.03	(0.62)	0.64	(0.62)	1.33	(1.02)	4.40
SCGCX	0.37	0.07	0.01	(0.34)	0.41	(0.45)	1.01	(0.55)	3.34
MPGFX	0.49	0.08	0.02	(0.34)	0.62	(0.52)	1.23	(0.69)	4.46
GETFX	0.40	0.09	0.05	(0.40)	0.42	(0.45)	1.03	(0.51)	3.58
NEAIX	1.06	0.15	0.07	(0.85)	1.07	(1.25)	2.61	(1.95)	6.60

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