Blue Chip Correlations

PGBGX Fund

USD 43.70 0.25 0.58%

The current 90-days correlation between Blue Chip Fund and Strategic Asset Management is -0.15 (i.e., Good diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Almost no diversification

The correlation between Blue Chip Fund 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 Blue Chip 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 Blue Chip 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 price.

Moving together with Blue Mutual Fund

0.87	SABPX	Strategic Asset Mana	Pair Corr
0.97	SACAX	Strategic Asset Mana	Pair Corr
0.89	SAGPX	Strategic Asset Mana	Pair Corr
0.77	PFIJX	Strategic Asset Mana	Pair Corr
0.76	PFIFX	Strategic Asset Mana	Pair Corr
0.79	PFIPX	Strategic Asset Mana	Pair Corr
0.9	SAIPX	Strategic Asset Mana	Pair Corr
0.95	PFLJX	Principal Lifetime 2050	Pair Corr
0.98	PFPPX	Midcap Growth	Pair Corr
0.77	SAUPX	Strategic Asset Mana	Pair Corr
1.0	PGBEX	Blue Chip Fund	Pair Corr
1.0	PGBHX	Blue Chip Fund	Pair Corr
0.82	PGLSX	Global Multi Strategy	Pair Corr
0.99	PGRTX	Smallcap Growth	Pair Corr
0.67	PGRUX	Global Real Estate	Pair Corr
0.98	PGWIX	Midcap Growth	Pair Corr
0.95	SCBPX	Strategic Asset Mana	Pair Corr
0.91	SCIPX	Strategic Asset Mana	Pair Corr
0.94	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.85	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.87	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.87	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.87	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.83	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.9	PHJQX	Principal Lifetime Hybrid	Pair Corr
0.84	PHJJX	Principal Lifetime Hybrid	Pair Corr
0.74	PHJMX	Principal Lifetime Hybrid	Pair Corr

Moving against Blue Mutual Fund

0.78	STCCX	Short Term Income	Pair Corr
0.67	PGSLX	Principal Global Sus	Pair Corr
0.67	PIFPX	Inflation Protection	Pair Corr
0.65	PICNX	Income Fund R	Pair Corr

Related Correlations Analysis

	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX
SABPX		0.92	1.0	0.88	0.29	0.88	0.03	0.9	0.93	0.92	SABPX
SACAX	0.92		0.93	0.89	0.34	0.88	0.12	0.9	0.97	1.0	SACAX
SAGPX	1.0	0.93		0.87	0.26	0.87	0.02	0.88	0.93	0.93	SAGPX
PFIJX	0.88	0.89	0.87		0.56	1.0	0.28	1.0	0.97	0.91	PFIJX
PFIEX	0.29	0.34	0.26	0.56		0.56	0.92	0.54	0.46	0.4	PFIEX
PFIFX	0.88	0.88	0.87	1.0	0.56		0.28	1.0	0.97	0.9	PFIFX
PFISX	0.03	0.12	0.02	0.28	0.92	0.28		0.26	0.2	0.17	PFISX
PFIPX	0.9	0.9	0.88	1.0	0.54	1.0	0.26		0.97	0.92	PFIPX
SAIPX	0.93	0.97	0.93	0.97	0.46	0.97	0.2	0.97		0.98	SAIPX
PFLJX	0.92	1.0	0.93	0.91	0.4	0.9	0.17	0.92	0.98		PFLJX
	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SABPX	0.70	(0.07)	0.00	0.87	0.00	0.00	1.20	(1.42)	6.56
SACAX	1.02	0.05	0.00	(0.09)	0.00	0.00	1.89	(2.31)	10.20
SAGPX	0.88	(0.09)	0.00	1.04	0.00	0.00	1.52	(1.87)	8.62
PFIJX	0.33	0.02	0.00	(0.05)	0.00	0.00	0.69	(0.83)	2.58
PFIEX	0.94	0.22	0.15	0.14	1.51	(0.95)	1.85	(2.10)	8.77
PFIFX	0.33	0.02	0.00	(0.05)	0.00	0.00	0.68	(0.85)	2.74
PFISX	0.88	0.21	0.15	0.18	1.33	(0.89)	1.93	(1.92)	8.81
PFIPX	0.33	0.02	0.00	(0.05)	0.00	0.00	0.68	(0.83)	2.57
SAIPX	0.46	0.03	0.00	(0.07)	0.00	0.00	0.75	(1.09)	4.14
PFLJX	1.02	0.05	0.00	(0.08)	0.00	0.00	1.79	(2.36)	10.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC