Pnc International Correlations

Mutual Funds . USA . 
Fund . Pnc International Equity
PIUIX Fund  USD 25.55  0.07  0.27%   
The current 90-days correlation between Pnc International Equity and Rbc Emerging Markets is 0.7 (i.e., Poor diversification). The correlation of Pnc International 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 International Correlation With Market

Good diversification

The correlation between Pnc International Equity and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pnc International Equity 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 International Equity. 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 gross domestic product.

Moving together with Pnc Mutual Fund

  0.93EMDIX Federated Emerging MarketPairCorr
  0.96QKACX Federated Mdt AllPairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.96SBFIX Federated Global AllPairCorr
  0.95FRIEX Federated Hermes EmergingPairCorr
  0.92STFSX Federated StrategicPairCorr
  0.91STIAX Federated StrategicPairCorr
  0.91STILX Federated StrategicPairCorr
  0.91STISX Federated StrategicPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.96FSBLX Federated Global AllPairCorr
  0.97QLSGX Federated Mdt SmallPairCorr
  0.95QLSCX Federated Mdt SmallPairCorr
  0.64FSGVX Federated U SPairCorr
  0.93FSHIX Federated Short IntePairCorr
  0.82INISX Federated IntermediatePairCorr
  0.94FSHSX Federated Short IntePairCorr
  0.85FSILX Federated Short TermPairCorr
  0.84FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.85FSTYX Federated Short TermPairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.95PIEFX Pnc Emerging MarketsPairCorr
  0.99PIGDX Pnc International GrowthPairCorr
  0.84SVALX Federated Strategic ValuePairCorr
  0.85FTIAX Federated Short TermPairCorr
  0.87SVAAX Federated Strategic ValuePairCorr
  0.87SVAIX Federated Strategic ValuePairCorr
  1.0PIUCX Pnc International EquityPairCorr

Moving against Pnc Mutual Fund

  0.97BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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