Permanent Portfolio Correlations

Mutual Funds USA . 
Fund . Permanent Portfolio Class
PRPDX Fund  USD 68.30  0.14  0.21%   
The current 90-days correlation between Permanent Portfolio Class and California Municipal Portfolio is -0.42 (i.e., Very good diversification). The correlation of Permanent Portfolio 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.

Permanent Portfolio Correlation With Market

Poor diversification

The correlation between Permanent Portfolio Class and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Permanent Portfolio Class 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 Permanent Portfolio Class. 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 unemployment.

Moving together with Permanent Mutual Fund

  1.0PRPHX Permanent Portfolio ClassPairCorr
  1.0PRPFX Permanent Portfolio ClassPairCorr
  0.77PRTBX Short Term TreasuryPairCorr
  0.81PRVBX Versatile Bond PortfolioPairCorr
  0.78PRVHX Versatile Bond PortfolioPairCorr
  0.8PRVDX Versatile Bond PortfolioPairCorr
  0.97PAGDX Aggressive GrowthPairCorr
  0.97PAGHX Aggressive GrowthPairCorr
  0.97PAGRX Aggressive GrowthPairCorr
  0.96FBONX American Funds AmericanPairCorr
  0.96FBAFX American Funds AmericanPairCorr
  0.96ABALX American BalancedPairCorr
  0.96BALCX American BalancedPairCorr
  0.96BALFX American BalancedPairCorr
  0.96RLBCX American BalancedPairCorr
  0.96RLBBX American BalancedPairCorr
  0.96CLBAX American BalancedPairCorr
  0.96CLBEX American BalancedPairCorr
  0.96RLBFX American BalancedPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.96CASCX Columbia PacificasiaPairCorr
  0.96MSKLX Mid Cap GrowthPairCorr
  0.95CISGX Touchstone Sands CapitalPairCorr
  0.96MPEGX Mid Cap GrowthPairCorr
  0.98PIDCX Pioneer SolutionsPairCorr
  0.87NWHZX Nationwide Geneva SmallPairCorr
  0.95OBMCX Oberweis Micro CapPairCorr
  0.98URFRX Target Retirement 2040PairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.95ICTEX Icon Information TecPairCorr
  0.91GCIGX Gamco InternationalPairCorr
  0.96MRLSX Amg Renaissance LargePairCorr
  0.99PRIKX T Rowe PricePairCorr
  0.98NWASX Nationwide DestinationPairCorr
  0.96WPGTX Wpg Partners SmallmicroPairCorr
  0.85PFRSX Real Estate SecuritiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Permanent Mutual Fund performing well and Permanent Portfolio 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 Permanent Portfolio'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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