| PPFIX Fund | | | USD 12.28 0.02 0.16% |
The current 90-days correlation between Princeton Premium and Small Cap Value Profund is 0.06 (i.e., Significant diversification). The correlation of Princeton Premium 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.
Princeton Premium Correlation With Market
Modest diversification
The correlation between Princeton Premium and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Premium and DJI in the same portfolio, assuming nothing else is changed.
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Your Equity Center to better understand how to build diversified portfolios, which includes a position in Princeton Premium. 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.