Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PHJUX Fund  USD 17.21  0.02  0.12%   
The current 90-days correlation between Principal Lifetime Hybrid and Strategic Asset Management is 0.94 (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

Good diversification

The correlation between Principal Lifetime Hybrid and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime Hybrid 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 Hybrid. 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 employment.

Moving together with Principal Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  1.0SAGPX Strategic Asset ManaPairCorr
  0.97PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.96PFIFX Strategic Asset ManaPairCorr
  0.96PFISX International Small PanyPairCorr
  0.96PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.98PFPPX Midcap GrowthPairCorr
  0.65PFRSX Real Estate SecuritiesPairCorr
  0.96SAUPX Strategic Asset ManaPairCorr
  0.93PFUMX Finisterre UnconstrainedPairCorr
  0.96PGBAX Global Diversified IncomePairCorr
  0.96PGBLX Global Diversified IncomePairCorr
  0.98PGBEX Blue Chip FundPairCorr
  0.98PGBGX Blue Chip FundPairCorr
  0.99PGBHX Blue Chip FundPairCorr
  0.94PGDCX Global Diversified IncomePairCorr
  0.96PGDIX Global Diversified IncomePairCorr
  0.96PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.87STCCX Short Term IncomePairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.84PGRUX Global Real EstatePairCorr
  0.78PGSLX Principal Global SusPairCorr
  0.83PGRKX Global Real EstatePairCorr
  0.98PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.97SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  1.0PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  1.0PHJGX Principal Lifetime HybridPairCorr
  1.0PHJBX Principal Lifetime HybridPairCorr
  0.99PHJDX Principal Lifetime HybridPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr
  1.0PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.38  0.14 (0.05)(2.48) 0.26 
(0.43)
 1.21 
(0.83)
 2.84 
SACAX  0.53  0.20  0.03 (2.09) 0.43 
(0.59)
 1.64 
(1.27)
 3.89 
SAGPX  0.46  0.18 (0.01)(1.99) 0.38 
(0.52)
 1.49 
(1.10)
 3.45 
PFIJX  0.21  0.07 (0.27)(4.68) 0.00 
(0.28)
 0.51 
(0.40)
 1.60 
PFIEX  0.56  0.11  0.02  0.41  0.47 
(0.62)
 1.33 
(1.13)
 3.32 
PFIFX  0.23  0.03 (0.27) 0.27  0.00 
(0.29)
 0.60 
(0.40)
 1.51 
PFISX  0.49  0.17  0.06  0.86  0.23 
(0.58)
 1.29 
(0.85)
 2.75 
PFIPX  0.22  0.03 (0.24) 0.28  0.00 
(0.28)
 0.57 
(0.40)
 1.59 
SAIPX  0.27  0.10 (0.16)(3.42) 0.00 
(0.33)
 0.89 
(0.46)
 1.97 
PFLJX  0.51  0.09  0.07  0.29  0.30 
(0.59)
 1.62 
(0.90)
 3.85 

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