Long-term Correlations
| PFGAX Fund | USD 14.24 0.04 0.28% |
The current 90-days correlation between Long Term Government and Rbc Money Market is -0.04 (i.e., Good diversification). The correlation of Long-term 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.
Long-term Correlation With Market
Good diversification
The correlation between Long Term Government Fund 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 Long Term Government Fund and DJI in the same portfolio, assuming nothing else is changed.
Long-term |
Moving together with Long-term Mutual Fund
| 1.0 | FTLTX | Fidelity Series Long | PairCorr |
| 1.0 | VLGSX | Vanguard Long Term | PairCorr |
| 1.0 | PRUUX | Us Treasury Long | PairCorr |
| 1.0 | PRULX | Us Treasury Long | PairCorr |
| 1.0 | TRZUX | T Rowe Price | PairCorr |
| 0.9 | FSIWX | Fidelity Sai Intermediate | PairCorr |
| 1.0 | FNBGX | Fidelity Long Term | PairCorr |
| 1.0 | FBLTX | Fidelity Sai Long | PairCorr |
| 1.0 | VUSUX | Vanguard Long Term | PairCorr |
| 1.0 | VUSTX | Vanguard Long Term | PairCorr |
| 0.65 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.77 | GPICX | Guidepath Conservative | PairCorr |
| 0.92 | FPXIX | Fidelity Advisor 529 | PairCorr |
| 0.69 | GE | GE Aerospace | PairCorr |
| 0.61 | IBM | International Business | PairCorr |
| 0.71 | AA | Alcoa Corp | PairCorr |
Moving against Long-term Mutual Fund
| 0.73 | USPSX | Profunds Ultrashort Downward Rally | PairCorr |
| 0.72 | USPIX | Profunds Ultrashort Downward Rally | PairCorr |
| 0.39 | PDI | Pimco Dynamic Income | PairCorr |
| 0.71 | VZ | Verizon Communications | PairCorr |
| 0.45 | PG | Procter Gamble | PairCorr |
| 0.43 | BA | Boeing | PairCorr |
| 0.41 | DIS | Walt Disney | PairCorr |
| 0.34 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Long-term Mutual Fund performing well and Long-term 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 Long-term'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P000070L2 | 0.03 | 0.01 | 0.00 | (0.67) | 0.00 | 0.00 | 0.40 | |||
| HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GABXX | 0.03 | 0.01 | 0.00 | 0.64 | 0.00 | 0.00 | 1.01 | |||
| PBMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MODXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |