Performance Trust Correlations

PTIAX Fund

USD 19.96 0.02 0.10%

The current 90-days correlation between Performance Trust and Voya Intermediate Bond is 0.85 (i.e., Very poor diversification). The correlation of Performance Trust 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.

Performance Trust Correlation With Market

Significant diversification

The correlation between Performance Trust Strategic and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Trust Strategic 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 Performance Trust Strategic. 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 nation.

Moving together with Performance Mutual Fund

0.92	PTAOX	Performance Trust	Pair Corr
0.99	PTCOX	Performance Trust	Pair Corr
0.92	PTCRX	Performance Trust Credit	Pair Corr
0.83	PTIMX	Performance Trust	Pair Corr
0.78	PTRMX	Performance Trust	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.99	DOXIX	Dodge Cox Income	Pair Corr
0.95	FIWGX	Strategic Advisers	Pair Corr
0.96	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.94	PTTPX	Pimco Total Return	Pair Corr
0.94	PTRRX	Total Return	Pair Corr
0.94	PTRAX	Total Return	Pair Corr
0.92	PTTRX	Total Return	Pair Corr
0.96	PDBSX	Prudential Total Return	Pair Corr
0.65	JNSZX	Jpmorgan Smartretirement	Pair Corr
0.74	PONAX	Pimco Income	Pair Corr
0.67	GMSAX	Goldman Sachs Managed	Pair Corr

Related Correlations Analysis

	IICIX	RCWAX	WBFFX	BUBSX	STYAX	BBBIX	UBVRX	UBVLX	UBVFX	TRBFX
IICIX		-0.02	0.03	0.48	0.79	0.67	-0.28	-0.28	-0.28	-0.02	IICIX
RCWAX	-0.02		0.99	-0.59	0.11	-0.61	0.7	0.7	0.7	0.24	RCWAX
WBFFX	0.03	0.99		-0.51	0.18	-0.55	0.66	0.66	0.66	0.19	WBFFX
BUBSX	0.48	-0.59	-0.51		0.52	0.87	-0.7	-0.69	-0.69	-0.66	BUBSX
STYAX	0.79	0.11	0.18	0.52		0.51	-0.17	-0.16	-0.16	-0.25	STYAX
BBBIX	0.67	-0.61	-0.55	0.87	0.51		-0.7	-0.69	-0.69	-0.39	BBBIX
UBVRX	-0.28	0.7	0.66	-0.7	-0.17	-0.7		1.0	1.0	0.18	UBVRX
UBVLX	-0.28	0.7	0.66	-0.69	-0.16	-0.69	1.0		1.0	0.15	UBVLX
UBVFX	-0.28	0.7	0.66	-0.69	-0.16	-0.69	1.0	1.0		0.15	UBVFX
TRBFX	-0.02	0.24	0.19	-0.66	-0.25	-0.39	0.18	0.15	0.15		TRBFX
	IICIX	RCWAX	WBFFX	BUBSX	STYAX	BBBIX	UBVRX	UBVLX	UBVFX	TRBFX

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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

UBVLX	+ 1.0	UBVRX
UBVFX	+ 1.0	UBVRX
UBVFX	+ 1.0	UBVLX
WBFFX	+ 0.99	RCWAX
BBBIX	+ 0.87	BUBSX
STYAX	+ 0.79	IICIX

High negative correlations

UBVRX	- 0.7	BBBIX
UBVRX	- 0.7	BUBSX
UBVFX	- 0.69	BBBIX
UBVLX	- 0.69	BBBIX
UBVFX	- 0.69	BUBSX
UBVLX	- 0.69	BUBSX

Risk-Adjusted Indicators

There is a big difference between Performance Mutual Fund performing well and Performance Trust 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 Performance Trust'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
IICIX	0.14	(0.02)	0.00	(0.51)	0.00	0.00	0.34	(0.34)	0.68
RCWAX	0.18	(0.03)	0.00	(0.36)	0.00	0.00	0.37	(0.37)	0.86
WBFFX	0.18	(0.02)	0.00	(0.31)	0.00	0.00	0.36	(0.42)	0.85
BUBSX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.30
STYAX	0.14	(0.01)	(0.33)	(0.01)	0.13	(0.18)	0.27	(0.26)	0.88
BBBIX	0.05	0.00	(0.61)	0.00	0.00	(0.18)	0.10	(0.10)	0.48
UBVRX	0.83	(0.20)	0.00	(0.18)	0.00	0.00	1.58	(2.27)	9.70
UBVLX	0.83	(0.19)	0.00	(0.16)	0.00	0.00	1.57	(2.27)	9.31
UBVFX	0.83	(0.19)	0.00	(0.16)	0.00	0.00	1.58	(2.28)	9.28
TRBFX	0.14	(0.06)	0.00	1.38	0.00	0.00	0.21	(0.21)	3.28

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