Pnc International Correlations

PIUIX Fund

USD 25.74 0.29 1.14%

The current 90-days correlation between Pnc International Equity and Ashmore Emerging Markets is 0.49 (i.e., Very weak 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

Poor diversification

The correlation between Pnc International Equity and DJI is 0.77 (i.e., Poor 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

0.64	EMDIX	Federated Emerging Market	Pair Corr
0.87	QKACX	Federated Mdt All	Pair Corr
0.9	QKBGX	Federated Mdt Balanced	Pair Corr
0.85	SBFIX	Federated Global All	Pair Corr
0.9	FRIEX	Federated Hermes Emerging	Pair Corr
0.7	STFSX	Federated Strategic	Pair Corr
0.71	STIAX	Federated Strategic	Pair Corr
0.67	STILX	Federated Strategic	Pair Corr
0.67	STISX	Federated Strategic	Pair Corr
0.86	FSBCX	Federated Global All	Pair Corr
0.86	FSBKX	Federated Global All	Pair Corr
0.85	FSBLX	Federated Global All	Pair Corr
0.82	QLSGX	Federated Mdt Small	Pair Corr
0.73	QLSCX	Federated Mdt Small	Pair Corr
0.65	FSHIX	Federated Short-intermedia	Pair Corr
0.65	INISX	Federated Intermediate	Pair Corr
0.62	FSHSX	Federated Short-intermedia	Pair Corr
0.7	FSTKX	Federated Mdt Large	Pair Corr
0.72	FSTLX	Federated Mdt Large	Pair Corr
0.71	FSTRX	Federated Mdt Large	Pair Corr
0.85	FSTBX	Federated Global All	Pair Corr
0.9	PIEFX	Pnc Emerging Markets	Pair Corr
0.88	PIGDX	Pnc International Growth	Pair Corr
0.62	FTGLX	Federated Total Return	Pair Corr
0.61	FTGSX	Federated Total Return	Pair Corr
1.0	PIUCX	Pnc International Equity	Pair Corr

Moving against Pnc Mutual Fund

0.9

BEARX

Federated Prudent Bear

Pair Corr

Related Correlations Analysis

	IGIEX	MDMTX	TRSTX	REMVX	PRINX	EMDIX
IGIEX		0.91	0.87	0.96	0.94	0.97	IGIEX
MDMTX	0.91		0.8	0.89	0.99	0.95	MDMTX
TRSTX	0.87	0.8		0.88	0.86	0.85	TRSTX
REMVX	0.96	0.89	0.88		0.93	0.96	REMVX
PRINX	0.94	0.99	0.86	0.93		0.96	PRINX
EMDIX	0.97	0.95	0.85	0.96	0.96		EMDIX
	IGIEX	MDMTX	TRSTX	REMVX	PRINX	EMDIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IGIEX	0.23	0.07	0.14	0.59	0.00	(0.32)	0.57	(0.34)	1.40
MDMTX	0.14	0.05	0.09	1.62	0.00	(0.23)	0.39	(0.19)	0.98
TRSTX	0.04	0.01	0.00	(3.48)	0.00	0.00	0.20	0.00	0.60
REMVX	0.65	0.12	0.12	0.22	0.69	(0.75)	1.42	(0.83)	4.68
PRINX	0.13	0.06	0.17	2.38	0.00	(0.22)	0.45	(0.18)	0.92
EMDIX	0.18	0.05	0.04	0.41	0.00	(0.25)	0.46	(0.34)	1.06

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