Largecap Growth Correlations

PLCGX Fund

USD 18.96 0.29 1.51%

The correlation of Largecap Growth 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.

Largecap Growth Correlation With Market

Poor diversification

The correlation between Largecap Growth Fund and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Largecap Growth 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 Largecap Growth 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 rate.

Moving together with Largecap Mutual Fund

0.91	SABPX	Strategic Asset Mana	Pair Corr
0.91	SACAX	Strategic Asset Mana	Pair Corr
0.91	SAGPX	Strategic Asset Mana	Pair Corr
0.87	PFIJX	Strategic Asset Mana	Pair Corr
0.81	PFIEX	International Equity	Pair Corr
0.88	PFIFX	Strategic Asset Mana	Pair Corr
0.87	PFIPX	Strategic Asset Mana	Pair Corr
0.9	SAIPX	Strategic Asset Mana	Pair Corr
0.91	PFLJX	Principal Lifetime 2050	Pair Corr
0.87	SAUPX	Strategic Asset Mana	Pair Corr
0.87	PFUMX	Finisterre Unconstrained	Pair Corr
0.8	PGBAX	Global Diversified Income	Pair Corr
0.8	PGBLX	Global Diversified Income	Pair Corr
0.8	PGDCX	Global Diversified Income	Pair Corr
0.8	PGDIX	Global Diversified Income	Pair Corr
0.8	PGDRX	Diversified Real Asset	Pair Corr
0.89	PGLSX	Global Multi Strategy	Pair Corr
0.74	STCCX	Short Term Income	Pair Corr
0.92	PGRTX	Smallcap Growth	Pair Corr
0.64	PGSLX	Principal Global Sus	Pair Corr
0.91	SCBPX	Strategic Asset Mana	Pair Corr
0.89	SCIPX	Strategic Asset Mana	Pair Corr
0.91	SCGPX	Strategic Asset Mana	Pair Corr
0.92	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.9	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.91	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.91	PHJQX	Principal Lifetime Hybrid	Pair Corr
0.91	PHJJX	Principal Lifetime Hybrid	Pair Corr
0.9	PHJMX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJYX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	MCBXX	RYFIX	FNPIX	IAAEX	VFAIX	XFINX	PSSRX
MCBXX		0.0	0.0	0.0	0.0	0.0	0.0	MCBXX
RYFIX	0.0		0.97	0.81	0.97	0.25	0.93	RYFIX
FNPIX	0.0	0.97		0.79	0.99	0.22	0.89	FNPIX
IAAEX	0.0	0.81	0.79		0.82	0.18	0.64	IAAEX
VFAIX	0.0	0.97	0.99	0.82		0.24	0.88	VFAIX
XFINX	0.0	0.25	0.22	0.18	0.24		0.24	XFINX
PSSRX	0.0	0.93	0.89	0.64	0.88	0.24		PSSRX
	MCBXX	RYFIX	FNPIX	IAAEX	VFAIX	XFINX	PSSRX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VFAIX	+ 0.99	FNPIX
FNPIX	+ 0.97	RYFIX
VFAIX	+ 0.97	RYFIX
PSSRX	+ 0.93	RYFIX
PSSRX	+ 0.89	FNPIX
PSSRX	+ 0.88	VFAIX

High negative correlations

PSSRX	- 0.0	MCBXX
XFINX	- 0.0	MCBXX
VFAIX	- 0.0	MCBXX
IAAEX	- 0.0	MCBXX
FNPIX	- 0.0	MCBXX
RYFIX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Largecap Mutual Fund performing well and Largecap Growth 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 Largecap Growth'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
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYFIX	0.60	(0.14)	0.00	(0.02)	0.00	0.00	1.34	(1.57)	4.63
FNPIX	0.95	(0.19)	0.00	(0.01)	0.00	0.00	1.68	(2.65)	6.62
IAAEX	0.62	(0.08)	(0.11)	0.02	0.68	(0.76)	1.44	(1.04)	4.64
VFAIX	0.66	(0.13)	(0.11)	0.00	0.97	(0.66)	1.31	(1.73)	4.92
XFINX	0.15	(0.01)	(0.31)	0.01	0.23	(0.19)	0.29	(0.29)	1.37
PSSRX	0.70	(0.16)	0.00	(0.03)	0.00	0.00	1.42	(1.63)	5.73

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