Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPHX Fund  USD 66.33  0.15  0.23%   
The current 90-days correlation between Permanent Portfolio Class and Permanent Portfolio Class is -0.28 (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

Good diversification

The correlation between Permanent Portfolio Class and DJI is -0.03 (i.e., Good 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 rate.

Moving together with Permanent Mutual Fund

  0.98PRPDX Permanent Portfolio ClassPairCorr
  1.0PRPFX Permanent Portfolio ClassPairCorr
  0.81PRTBX Short Term TreasuryPairCorr
  0.81PRVBX Versatile Bond PortfolioPairCorr
  0.77PRVHX Versatile Bond PortfolioPairCorr
  0.8PRVDX Versatile Bond PortfolioPairCorr
  0.98PAGDX Aggressive GrowthPairCorr
  0.98PAGHX Aggressive GrowthPairCorr
  0.97PAGRX Aggressive GrowthPairCorr
  0.98FBONX American Funds AmericanPairCorr
  0.98FBAFX American Funds AmericanPairCorr
  0.98ABALX American BalancedPairCorr
  0.98BALCX American BalancedPairCorr
  0.98BALFX American BalancedPairCorr
  0.98RLBCX American BalancedPairCorr
  0.98RLBBX American BalancedPairCorr
  0.98CLBAX American BalancedPairCorr
  0.98CLBEX American BalancedPairCorr
  0.98RLBFX American BalancedPairCorr
  0.94CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.65CCCZX Center St BrookfieldPairCorr
  0.96CASCX Columbia PacificasiaPairCorr
  0.97MSKLX Mid Cap GrowthPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.97MPEGX Mid Cap GrowthPairCorr
  0.71NWHZX Nationwide Geneva SmallPairCorr
  0.97OBMCX Oberweis Micro CapPairCorr
  0.97URFRX Target Retirement 2040PairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.94ICTEX Icon Information TecPairCorr
  0.74GCIGX Gamco InternationalPairCorr
  0.94MRLSX Amg Renaissance LargePairCorr
  0.95PRIKX T Rowe PricePairCorr
  0.96NWASX Nationwide DestinationPairCorr
  0.95WPGTX Wpg Partners SmallmicroPairCorr
  0.66PFRSX Real Estate SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PRPHX  0.32  0.12 (0.12)(7.87) 0.00 
(0.37)
 1.01 
(0.48)
 2.16 
PRPDX  0.31  0.15 (0.12)(0.94) 0.00 
(0.36)
 1.01 
(0.50)
 2.16 
PRPFX  0.32  0.13 (0.11)(7.16) 0.00 
(0.37)
 1.02 
(0.50)
 2.17 
PRTBX  0.05  0.00 (2.37)(0.14) 0.00 
(0.05)
 0.11 
(0.12)
 0.26 
PRVBX  0.09  0.03 (0.96)(3.28) 0.00 
(0.10)
 0.20 
(0.17)
 0.63 
PRVHX  0.09  0.02 (0.97)(2.06) 0.00 
(0.10)
 0.19 
(0.17)
 0.63 
PRVDX  0.09  0.03 (0.94)(1.24) 0.00 
(0.10)
 0.20 
(0.19)
 0.66 
PAGDX  0.97  0.39  0.21  2.56  0.68 
(1.14)
 2.72 
(2.08)
 6.19 
PAGHX  0.97  0.39  0.21  2.53  0.69 
(1.14)
 2.71 
(2.09)
 6.20 
PAGRX  0.95  0.26  0.27  0.41  0.47 
(1.15)
 2.71 
(1.32)
 6.20 

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