Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime 2050
PFLJX Fund  USD 15.90  0.01  0.06%   
The current 90-days correlation between Principal Lifetime 2050 and Ab Small Cap is 0.93 (i.e., Almost no 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

Almost no diversification

The correlation between Principal Lifetime 2050 and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime 2050 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 2050. 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 inflation.

Moving together with Principal Mutual Fund

  1.0SACAX Strategic Asset ManaPairCorr
  1.0SAGPX Strategic Asset ManaPairCorr
  0.91PFIJX Strategic Asset ManaPairCorr
  0.92PFIPX Strategic Asset ManaPairCorr
  0.98SAIPX Strategic Asset ManaPairCorr
  0.9PFPPX Midcap GrowthPairCorr
  0.72PFRSX Real Estate SecuritiesPairCorr
  0.9SAUPX Strategic Asset ManaPairCorr
  0.95PGBHX Blue Chip FundPairCorr
  0.63PGDCX Global Diversified IncomePairCorr
  0.94PGRTX Smallcap GrowthPairCorr
  0.82PGRUX Global Real EstatePairCorr
  0.82PGRKX Global Real EstatePairCorr
  0.9PGWIX Midcap GrowthPairCorr
  0.98SCIPX Strategic Asset ManaPairCorr
  1.0PHJEX Principal Lifetime HybridPairCorr
  1.0PHJGX Principal Lifetime HybridPairCorr
  1.0PHJBX Principal Lifetime HybridPairCorr
  1.0PHJDX Principal Lifetime HybridPairCorr
  1.0PHJJX Principal Lifetime HybridPairCorr
  0.96PHJMX Principal Lifetime HybridPairCorr
  1.0PHJUX Principal Lifetime HybridPairCorr
  0.96PHTFX Principal Lifetime HybridPairCorr
  0.92SCUPX Strategic Asset ManaPairCorr
  0.98PHTTX Principal Lifetime HybridPairCorr
  0.96PHTMX Principal Lifetime HybridPairCorr
  0.91PHYTX High Yield FundPairCorr
  0.9PIFIX Strategic Asset ManaPairCorr
  0.68PIEIX International EmergingPairCorr
  0.61PIIIX Diversified InternationalPairCorr
  0.67PIIMX International EmergingPairCorr

Moving against Principal Mutual Fund

  0.52PGSLX Principal Global SusPairCorr
  0.43PIPIX Inflation ProtectionPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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