Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PHTQX Fund  USD 14.15  0.02  0.14%   
The current 90-days correlation between Principal Lifetime Hybrid and Strategic Asset Management is 0.98 (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

Very poor diversification

The correlation between Principal Lifetime Hybrid and DJI is 0.84 (i.e., Very poor 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

  0.99SABPX Strategic Asset ManaPairCorr
  0.98SACAX Strategic Asset ManaPairCorr
  0.99SAGPX Strategic Asset ManaPairCorr
  0.98PFIJX Strategic Asset ManaPairCorr
  0.9PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.98PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  0.98SAUPX Strategic Asset ManaPairCorr
  0.94PFUMX Finisterre UnconstrainedPairCorr
  0.9PGBAX Global Diversified IncomePairCorr
  0.9PGBLX Global Diversified IncomePairCorr
  0.79PGDCX Global Diversified IncomePairCorr
  0.9PGDIX Global Diversified IncomePairCorr
  0.91PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.89STCCX Short Term IncomePairCorr
  0.94PGRTX Smallcap GrowthPairCorr
  0.78PGSLX Principal Global SusPairCorr
  0.99SCBPX Strategic Asset ManaPairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  0.99SCGPX Strategic Asset ManaPairCorr
  1.0PHJEX Principal Lifetime HybridPairCorr
  1.0PHJFX Principal Lifetime HybridPairCorr
  0.99PHJGX Principal Lifetime HybridPairCorr
  0.99PHJBX Principal Lifetime HybridPairCorr
  0.99PHJDX Principal Lifetime HybridPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  1.0PHJQX Principal Lifetime HybridPairCorr
  1.0PHJJX Principal Lifetime HybridPairCorr
  0.88PHJMX Principal Lifetime HybridPairCorr
  0.99PHJYX Principal Lifetime HybridPairCorr

Related Correlations Analysis


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  0.32  0.00 (0.07) 0.06  0.42 
(0.32)
 0.73 
(0.55)
 2.67 
SACAX  0.45 (0.02)(0.04) 0.05  0.64 
(0.45)
 0.99 
(0.74)
 3.83 
SAGPX  0.39 (0.01)(0.05) 0.05  0.52 
(0.40)
 0.88 
(0.64)
 3.29 
PFIJX  0.18  0.01 (0.17) 0.09  0.01 
(0.26)
 0.40 
(0.32)
 1.28 
PFIEX  0.56  0.00 (0.02) 0.06  0.72 
(0.55)
 1.03 
(1.12)
 3.64 
PFIFX  0.17  0.01 (0.17) 0.09  0.06 
(0.22)
 0.32 
(0.31)
 1.35 
PFISX  0.57 (0.03)(0.05) 0.03  0.77 
(0.56)
 1.05 
(1.18)
 4.01 
PFIPX  0.17  0.01 (0.18) 0.08  0.06 
(0.22)
 0.39 
(0.32)
 1.27 
SAIPX  0.22  0.00 (0.12) 0.07  0.20 
(0.26)
 0.53 
(0.38)
 1.67 
PFLJX  0.45 (0.02)(0.05) 0.04  0.64 
(0.44)
 1.03 
(0.69)
 3.92 

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