Pfg American Correlations

Mutual Funds . USA . 
Fund . Pfg American Funds
PFGGX Fund  USD 11.89  0.07  0.59%   
The current 90-days correlation between Pfg American Funds and Riskproreg Pfg 30 is 0.96 (i.e., Almost no diversification). The correlation of Pfg American 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.

Pfg American Correlation With Market

Good diversification

The correlation between Pfg American Funds 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 Pfg American Funds 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 Pfg American Funds. 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 price.

Moving together with Pfg Mutual Fund

  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.75IBM International BusinessPairCorr
  0.87HPQ HP IncPairCorr
  0.74BA BoeingPairCorr
  0.92DIS Walt Disney Earnings Call TomorrowPairCorr
  0.88AXP American ExpressPairCorr
  0.69PFE Pfizer IncPairCorr
  0.72MSFT MicrosoftPairCorr
  0.81AA Alcoa Corp Earnings Call This WeekPairCorr
  0.87JPM JPMorgan ChasePairCorr
  0.84GE GE AerospacePairCorr
  0.97BAC Bank of AmericaPairCorr
  0.67WMT WalmartPairCorr

Moving against Pfg Mutual Fund

  0.58T ATT Inc Earnings Call This WeekPairCorr
  0.58KO Coca ColaPairCorr
  0.38MCD McDonaldsPairCorr

Related Correlations Analysis

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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   
PFSEX
+ 1.0
PFESX
PFESX
+ 0.99
PFSMX
PFSEX
+ 0.99
PFSMX
PFSEX
+ 0.99
PFFSX
PFESX
+ 0.98
PFFSX
PFFSX
+ 0.97
PFSMX
  
High negative correlations   
PFCOX
- 0.0
PFSEX
PFCOX
- 0.0
PFESX
PFCOX
- 0.0
PFFSX
PFCOX
- 0.0
PFSMX

Risk-Adjusted Indicators

There is a big difference between Pfg Mutual Fund performing well and Pfg American 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 Pfg American'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.

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