Preferred Securities Correlations

Mutual Funds . USA . 
Fund . Preferred Securities Fund
PRFCX Fund  USD 9.43  0.05  0.53%   
The current 90-days correlation between Preferred Securities and Elfun Diversified Fund is -0.16 (i.e., Good 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

Good diversification

The correlation between Preferred Securities Fund and DJI is -0.13 (i.e., Good 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 signals in goods.

Moving together with Preferred Mutual Fund

  0.97SABPX Strategic Asset ManaPairCorr
  0.96SACAX Strategic Asset ManaPairCorr
  0.96SAGPX Strategic Asset ManaPairCorr
  0.97PFIJX Strategic Asset ManaPairCorr
  0.79PFIEX International EquityPairCorr
  0.96PFIFX Strategic Asset ManaPairCorr
  0.9PFISX International Small PanyPairCorr
  0.96PFIPX Strategic Asset ManaPairCorr
  0.97SAIPX Strategic Asset ManaPairCorr
  0.95PFLJX Principal Lifetime 2050PairCorr
  0.92PFPPX Midcap GrowthPairCorr
  0.97SAUPX Strategic Asset ManaPairCorr
  0.98PFUMX Finisterre UnconstrainedPairCorr
  0.98PGBAX Global Diversified IncomePairCorr
  0.96PGBLX Global Diversified IncomePairCorr
  0.91PGBEX Blue Chip FundPairCorr
  0.92PGBGX Blue Chip FundPairCorr
  0.92PGBHX Blue Chip FundPairCorr
  0.96PGDCX Global Diversified IncomePairCorr
  0.96PGDIX Global Diversified IncomePairCorr
  0.82PGDRX Diversified Real AssetPairCorr
  0.97PGLSX Global Multi StrategyPairCorr
  0.91STCCX Short Term IncomePairCorr
  0.89PGRTX Smallcap GrowthPairCorr
  0.92PGWIX Midcap GrowthPairCorr
  0.96SCBPX Strategic Asset ManaPairCorr
  0.96SCIPX Strategic Asset ManaPairCorr
  0.96SCGPX Strategic Asset ManaPairCorr
  0.96PHJEX Principal Lifetime HybridPairCorr
  0.96PHJFX Principal Lifetime HybridPairCorr
  0.96PHJGX Principal Lifetime HybridPairCorr
  0.96PHJBX Principal Lifetime HybridPairCorr
  0.96PHJDX Principal Lifetime HybridPairCorr
  0.96PHJNX Principal Lifetime HybridPairCorr
  0.96PHJQX Principal Lifetime HybridPairCorr
  0.96PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis


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.

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