Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime 2025
LTPDX Fund  USD 11.61  0.04  0.35%   
The current 90-days correlation between Principal Lifetime 2025 and Strategic Asset Management is 0.93 (i.e., Almost no diversification). 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 Lifetime Correlation With Market

Good diversification

The correlation between Principal Lifetime 2025 and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime 2025 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Principal Lifetime 2025. 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 Principal Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  1.0SAGPX Strategic Asset ManaPairCorr
  0.99PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.97PFIFX Strategic Asset ManaPairCorr
  0.96PFISX International Small PanyPairCorr
  0.97PFIPX Strategic Asset ManaPairCorr
  1.0SAIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.98PFPPX Midcap GrowthPairCorr
  0.68PFRSX Real Estate SecuritiesPairCorr
  0.99SAUPX Strategic Asset ManaPairCorr
  0.96PFUMX Finisterre UnconstrainedPairCorr
  0.98PGBAX Global Diversified IncomePairCorr
  0.96PGBLX Global Diversified IncomePairCorr
  0.97PGBEX Blue Chip FundPairCorr
  0.97PGBGX Blue Chip FundPairCorr
  0.97PGBHX Blue Chip FundPairCorr
  0.96PGDCX Global Diversified IncomePairCorr
  0.96PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.91STCCX Short Term IncomePairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.85PGRUX Global Real EstatePairCorr
  0.79PGSLX Principal Global SusPairCorr
  0.85PGRKX Global Real EstatePairCorr
  0.98PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.98SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  0.99PHJEX Principal Lifetime HybridPairCorr
  0.98PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.98PHJBX Principal Lifetime HybridPairCorr
  1.0PHJDX Principal Lifetime HybridPairCorr
  0.99PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  0.99PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.38  0.14 (0.01)(2.75) 0.25 
(0.43)
 1.21 
(0.83)
 2.84 
SACAX  0.54  0.20  0.06 (2.39) 0.44 
(0.60)
 1.64 
(1.27)
 3.89 
SAGPX  0.47  0.17  0.04 (2.25) 0.37 
(0.52)
 1.49 
(1.10)
 3.45 
PFIJX  0.21  0.07 (0.19)(4.69) 0.00 
(0.27)
 0.51 
(0.40)
 1.60 
PFIEX  0.56  0.11  0.04  0.39  0.47 
(0.61)
 1.33 
(1.13)
 3.32 
PFIFX  0.23  0.03 (0.19) 0.26  0.00 
(0.29)
 0.60 
(0.40)
 1.51 
PFISX  0.49  0.17  0.09  0.86  0.23 
(0.58)
 1.29 
(0.85)
 2.75 
PFIPX  0.22  0.03 (0.18) 0.27  0.04 
(0.28)
 0.57 
(0.40)
 1.59 
SAIPX  0.27  0.10 (0.09)(3.58) 0.00 
(0.32)
 0.89 
(0.46)
 1.97 
PFLJX  0.54  0.09  0.07  0.25  0.43 
(0.59)
 1.62 
(1.27)
 3.85 

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