Pfg Global Correlations

Mutual Funds USA . 
Fund . Pfg Global Equity
PFSGX Fund   12.03  0.14  1.18%   
The current 90-days correlation between Pfg Global Equity and Dreyfus Short Intermediate is -0.03 (i.e., Good diversification). The correlation of Pfg Global 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 Global Correlation With Market

Almost no diversification

The correlation between Pfg Global Equity and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Global Equity 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 Global Equity. 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 Pfg Mutual Fund

  0.91PFADX Riskproreg Pfg 0PairCorr
  0.94PFCOX Pfg American FundsPairCorr
  1.0PFESX Pfg Br EquityPairCorr
  0.73PFDOX Riskproreg; DynamicPairCorr
  1.0PFGGX Pfg American FundsPairCorr
  1.0PFFFX Pfg Fidelity InstituPairCorr
  0.78PFFBX Pfg Fidelity InstituPairCorr
  1.0PFFSX Pfg Fidelity InstituPairCorr
  0.97PFIOX Pfg Invesco ThematicPairCorr
  1.0PFJDX Riskproreg; DynamicPairCorr
  1.0PFTEX Riskproreg; TacticalPairCorr
  1.0PFSEX Riskproreg; 30+PairCorr
  1.0PFSMX Riskproreg Pfg 30PairCorr
  0.99PFTSX Pfg Tactical IncomePairCorr
  1.0FCWGX American Funds CapitalPairCorr
  1.0FWCGX American Funds CapitalPairCorr
  0.99CWGIX Capital World GrowthPairCorr
  1.0CWGFX Capital World GrowthPairCorr
  1.0CWGCX Capital World GrowthPairCorr
  1.0RWIFX Capital World GrowthPairCorr
  1.0CWICX Capital World GrowthPairCorr
  1.0RWIAX Capital World GrowthPairCorr
  0.99CWIAX Capital World GrowthPairCorr
  1.0WGIFX Capital World GrowthPairCorr
  0.68NHS Neuberger Berman HighPairCorr
  0.79LTNYX Opnhmr RchstrPairCorr
  0.98FAGOX Fidelity Advisor GrowthPairCorr
  0.96PGOAX Prudential Jennison SmallPairCorr
  0.96VSFCX Federated Clover SmallPairCorr
  0.93SHLMX Stone Harbor LocalPairCorr
  0.99JHBJX John Hancock FundsPairCorr
  0.7VWTFX Tomorrows Scholar CollegePairCorr
  1.0RWIEX Capital World GrowthPairCorr
  0.96ARGFX Ariel Fund InvestorPairCorr
  0.98PYFRX Payden Floating RatePairCorr
  1.0JGASX Jpmorgan Growth AdvantagePairCorr
  0.98OMCIX Oberweis Micro CapPairCorr
  0.97WFPAX Wells Fargo SpecialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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