Pfg Invesco Correlations

Mutual Funds . USA . 
Fund . Pfg Invesco Thematic
PFIOX Fund  USD 10.22  0.06  0.59%   
The current 90-days correlation between Pfg Invesco Thematic and Us Large Pany is 0.13 (i.e., Average diversification). The correlation of Pfg Invesco 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.

Pfg Invesco Correlation With Market

Very good diversification

The correlation between Pfg Invesco Thematic and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Invesco Thematic 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 Pfg Invesco Thematic. 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 producer price index.

Moving together with Pfg Mutual Fund

  0.79PFADX Riskproreg Pfg 0PairCorr
  0.8PFCOX Pfg American FundsPairCorr
  0.84PFESX Pfg Br EquityPairCorr
  0.72PFDOX Riskproreg; DynamicPairCorr
  0.8PFGGX Pfg American FundsPairCorr
  0.86PFFFX Pfg Fidelity InstituPairCorr
  0.72PFFBX Pfg Fidelity InstituPairCorr
  0.85PFFSX Pfg Fidelity InstituPairCorr
  0.85PFJDX Riskproreg DynamicPairCorr
  0.79PFJHX Pfg Janus HendersonPairCorr
  0.82PFTEX Riskproreg TacticalPairCorr
  0.83PFSEX Riskproreg 30PairCorr
  0.84PFSMX Riskproreg Pfg 30PairCorr
  0.74FSFWX American Funds SmallcapPairCorr
  0.8SCWFX Smallcap WorldPairCorr
  0.8SMCWX Smallcap WorldPairCorr
  0.8CSPFX Smallcap WorldPairCorr
  0.8CSPAX Smallcap WorldPairCorr
  0.8CSPEX Smallcap WorldPairCorr
  0.8RSLCX Smallcap WorldPairCorr
  0.74RLLGX Smallcap WorldPairCorr
  0.85VSTSX Vanguard Total StockPairCorr
  0.85VSMPX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr
  0.84VFFSX Vanguard 500 IndexPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.86VTISX Vanguard Total InterPairCorr
  0.82VTSNX Vanguard Total InterPairCorr
  0.82VTPSX Vanguard Total InterPairCorr
  0.81VINIX Vanguard InstitutionalPairCorr
  0.85VTSAX Vanguard Total StockPairCorr
  0.66GROYX Pioneer Select MidPairCorr
  0.71LHIAX Columbia High YieldPairCorr
  0.86FREIX Franklin Equity IncomePairCorr
  0.77ABAAX Forward Balanced AllPairCorr
  0.83MIPIX Matthews Asia DividendPairCorr
  0.73AMHIX American High IncomePairCorr
  0.65DCMDX Dunham Monthly DistrPairCorr
  0.68DIEYX Dreyfus InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg Invesco 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 Pfg Invesco'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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