Principal Lifetime Correlations
The correlation of Principal Lifetime 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.
Principal |
Moving together with Principal Mutual Fund
0.88 | SABPX | Strategic Asset Mana | PairCorr |
1.0 | SACAX | Strategic Asset Mana | PairCorr |
0.82 | PFIEX | International Equity | PairCorr |
1.0 | PFLJX | Principal Lifetime 2050 | PairCorr |
0.85 | PFUMX | Finisterre Unconstrained | PairCorr |
0.86 | PGBAX | Global Diversified Income | PairCorr |
0.86 | PGBLX | Global Diversified Income | PairCorr |
0.98 | PGBGX | Blue Chip Fund | PairCorr |
0.84 | PGDCX | Global Diversified Income | PairCorr |
0.81 | PGDRX | Diversified Real Asset | PairCorr |
0.84 | PGLSX | Global Multi Strategy | PairCorr |
0.79 | STCCX | Short Term Income | PairCorr |
1.0 | SCBPX | Strategic Asset Mana | PairCorr |
0.86 | PHJGX | Principal Lifetime Hybrid | PairCorr |
0.88 | PHJBX | Principal Lifetime Hybrid | PairCorr |
0.88 | PHJNX | Principal Lifetime Hybrid | PairCorr |
0.86 | PHTYX | Principal Lifetime Hybrid | PairCorr |
0.85 | PINPX | Diversified International | PairCorr |
0.68 | PIOIX | Principal Fds Incincome | PairCorr |
0.88 | PLMTX | Principal Lifetime Hybrid | PairCorr |
0.86 | PLTQX | Principal Lifetime Hybrid | PairCorr |
0.99 | PLVIX | Largecap Value | PairCorr |
0.77 | PMBCX | Midcap Fund Class | PairCorr |
0.82 | PMDDX | Small Midcap Dividend | PairCorr |
0.81 | PMDAX | Small Midcap Dividend | PairCorr |
0.98 | PMGJX | Midcap Growth | PairCorr |
0.88 | PPREX | Preferred Securities | PairCorr |
0.85 | PQIAX | Equity Income | PairCorr |
1.0 | PALTX | Principal Lifetime | PairCorr |
0.87 | PSBIX | Strategic Asset Mana | PairCorr |
0.84 | PSBJX | Smallcap Fund Fka | PairCorr |
1.0 | PSAJX | Strategic Asset Mana | PairCorr |
0.87 | PSBFX | Strategic Asset Mana | PairCorr |
1.0 | PSGFX | Strategic Asset Mana | PairCorr |
1.0 | PSGPX | Strategic Asset Mana | PairCorr |
0.88 | LTAOX | Principal Lifetime 2035 | PairCorr |
Related Correlations Analysis
0.99 | 0.9 | 0.99 | 0.99 | 0.89 | 0.99 | NWHOX | ||
0.99 | 0.9 | 0.98 | 0.98 | 0.89 | 0.98 | GITSX | ||
0.9 | 0.9 | 0.89 | 0.88 | 0.99 | 0.88 | ITYYX | ||
0.99 | 0.98 | 0.89 | 1.0 | 0.88 | 1.0 | FIKHX | ||
0.99 | 0.98 | 0.88 | 1.0 | 0.87 | 0.99 | ROGSX | ||
0.89 | 0.89 | 0.99 | 0.88 | 0.87 | 0.88 | MTCCX | ||
0.99 | 0.98 | 0.88 | 1.0 | 0.99 | 0.88 | PTTEX | ||
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Risk-Adjusted Indicators
There is a big difference between Principal Mutual Fund performing well and Principal Lifetime 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 Principal Lifetime'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NWHOX | 0.80 | 0.37 | 0.09 | (1.25) | 0.39 | 2.23 | 6.71 | |||
GITSX | 0.72 | 0.39 | 0.10 | (0.95) | 0.15 | 1.98 | 6.57 | |||
ITYYX | 0.76 | 0.19 | 0.14 | 0.53 | 0.33 | 2.03 | 6.05 | |||
FIKHX | 0.85 | 0.45 | 0.19 | (1.91) | 0.27 | 2.08 | 7.15 | |||
ROGSX | 0.71 | 0.42 | 0.19 | (1.43) | 0.00 | 1.88 | 5.65 | |||
MTCCX | 0.69 | 0.14 | 0.09 | 0.43 | 0.28 | 1.80 | 6.09 | |||
PTTEX | 0.87 | 0.42 | 0.19 | (3.60) | 0.26 | 2.26 | 6.54 |