Inflation Protection Correlations

Mutual Funds . USA . 
Fund . Inflation Protection Fund
PIPJX Fund  USD 7.39  0.01  0.14%   
The current 90-days correlation between Inflation Protection and Strategic Asset Management is 0.13 (i.e., Average diversification). The correlation of Inflation Protection 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.

Inflation Protection Correlation With Market

Good diversification

The correlation between Inflation Protection Fund and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Protection 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 Inflation Protection 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 inflation.

Moving together with INFLATION Mutual Fund

  0.76PGBAX Global Diversified IncomePairCorr
  0.65PSBMX Smallcap Fund FkaPairCorr
  0.99VIPSX Vanguard InflationPairCorr
  0.92VIPIX Vanguard InflationPairCorr
  0.93VAIPX Vanguard InflationPairCorr
  0.89FLIBX American Funds InflationPairCorr
  0.89FIBLX American Funds InflationPairCorr
  0.85BFICX American Funds InflationPairCorr
  0.88BFIAX American Funds InflationPairCorr
  0.88BFIFX American Funds InflationPairCorr
  0.98PARRX Real Return FundPairCorr
  0.98PRLPX Pimco Real ReturnPairCorr
  0.75HLDIX Hartford EmergingPairCorr
  0.74HLDRX Hartford EmergingPairCorr
  0.74HLDAX Hartford EmergingPairCorr
  0.75HLDCX Hartford EmergingPairCorr
  0.75HLDTX Hartford EmergingPairCorr
  0.64BREUX Baron Real EstatePairCorr
  0.62PTEFX Principal Lifetime 2050PairCorr
  0.61FDMLX Fidelity Series IntrinsicPairCorr
  0.74TLTPX Tiaa Cref LifecyclePairCorr
  0.63QNTAX Quantex Fund AdviserPairCorr
  0.62JCICX Jpmorgan Intrepid GrowthPairCorr
  0.66BDBKX Blackrock Small CapPairCorr
  0.64RNNEX New Economy FundPairCorr
  0.62FSTRX Federated Mdt LargePairCorr
  0.73PMORX Putnam Mortgage OppoPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between INFLATION Mutual Fund performing well and Inflation Protection 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 Inflation Protection'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  0.34  0.18 (0.05)(10.74) 0.00 
(0.43)
 1.21 
(0.48)
 2.84 
SACAX  0.49  0.26  0.08 (3.92) 0.00 
(0.60)
 1.64 
(0.81)
 3.89 
SAGPX  0.43  0.23  0.03 (4.07) 0.00 
(0.52)
 1.49 
(0.65)
 3.45 
PFIJX  0.20  0.08 (0.34) 4.41  0.00 
(0.27)
 0.51 
(0.33)
 1.60 
PFIEX  0.57  0.05 (0.04) 0.28  0.49 
(0.63)
 1.33 
(1.13)
 3.32 
PFIFX  0.21  0.03 (0.40) 0.30  0.00 
(0.27)
 0.50 
(0.32)
 1.51 
PFISX  0.49  0.11 (0.02) 0.46  0.26 
(0.58)
 1.31 
(0.85)
 2.75 
PFIPX  0.20  0.03 (0.36) 0.30  0.00 
(0.26)
 0.51 
(0.40)
 1.59 
SAIPX  0.25  0.12 (0.19) 18.56  0.00 
(0.32)
 0.89 
(0.39)
 1.97 
PFLJX  0.47  0.07  0.04  0.28  0.00 
(0.56)
 1.61 
(0.87)
 3.85 

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