Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund R 6
PICNX Fund  USD 8.65  0.04  0.46%   
The current 90-days correlation between Income Fund R and Blackrock Exchange Portfolio is 0.2 (i.e., Modest diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Modest diversification

The correlation between Income Fund R 6 and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund R 6 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 Income Fund R 6. 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 producer price index.

Moving together with Income Mutual Fund

  0.86SABPX Strategic Asset ManaPairCorr
  0.84SACAX Strategic Asset ManaPairCorr
  0.85SAGPX Strategic Asset ManaPairCorr
  0.91PFIJX Strategic Asset ManaPairCorr
  0.71PFIEX International EquityPairCorr
  0.95PFIFX Strategic Asset ManaPairCorr
  0.89PFISX International Small PanyPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  0.89SAIPX Strategic Asset ManaPairCorr
  0.87PFLJX Principal Lifetime 2050PairCorr
  0.84PFPPX Midcap GrowthPairCorr
  0.91SAUPX Strategic Asset ManaPairCorr
  0.94PFUMX Finisterre UnconstrainedPairCorr
  0.92PGBAX Global Diversified IncomePairCorr
  0.96PGBLX Global Diversified IncomePairCorr
  0.83PGBEX Blue Chip FundPairCorr
  0.83PGBGX Blue Chip FundPairCorr
  0.83PGBHX Blue Chip FundPairCorr
  0.96PGDCX Global Diversified IncomePairCorr
  0.96PGDIX Global Diversified IncomePairCorr
  0.81PGDRX Diversified Real AssetPairCorr
  0.95STCCX Short Term IncomePairCorr
  0.83PGRTX Smallcap GrowthPairCorr
  0.84PGWIX Midcap GrowthPairCorr
  0.9SCBPX Strategic Asset ManaPairCorr
  0.92SCIPX Strategic Asset ManaPairCorr
  0.88SCGPX Strategic Asset ManaPairCorr
  0.88PHJEX Principal Lifetime HybridPairCorr
  0.93PHJFX Principal Lifetime HybridPairCorr
  0.87PHJGX Principal Lifetime HybridPairCorr
  0.87PHJDX Principal Lifetime HybridPairCorr
  0.91PHJNX Principal Lifetime HybridPairCorr
  0.93PHJMX Principal Lifetime HybridPairCorr
  0.88PHJYX Principal Lifetime HybridPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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