Pnc Emerging Correlations

Mutual Funds . USA . 
Fund . Pnc Emerging Markets
PIEFX Fund  USD 18.21  0.04  0.22%   
The current 90-days correlation between Pnc Emerging Markets and California Municipal Portfolio is -0.07 (i.e., Good diversification). The correlation of Pnc Emerging 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.

Pnc Emerging Correlation With Market

Very weak diversification

The correlation between Pnc Emerging Markets and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pnc Emerging Markets 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 Pnc Emerging Markets. 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 census.

Moving together with Pnc Mutual Fund

  0.68EMDIX Federated Emerging MarketPairCorr
  0.98QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.62FRIEX Federated Hermes EmergingPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.71STISX Federated StrategicPairCorr
  0.69FRSAX Federated Floating RatePairCorr
  0.71FSBCX Federated Global AllPairCorr
  0.71FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.68QLSGX Federated Mdt SmallPairCorr
  0.71QLSCX Federated Mdt SmallPairCorr
  0.7FSHIX Federated Short-intermediaPairCorr
  0.7FSHSX Federated Short IntePairCorr
  0.87FSILX Federated Short TermPairCorr
  0.85FSTIX Federated Short TermPairCorr
  0.69FSTKX Federated Mdt LargePairCorr
  0.68FSTRX Federated Mdt LargePairCorr
  0.86FSTYX Federated Short TermPairCorr
  0.71FSTBX Federated Global AllPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.74PIUCX Pnc International EquityPairCorr
  0.74PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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