Pfg Invesco Correlations

Mutual Funds . USA . 
Fund . Pfg Invesco Thematic
PFIOX Fund  USD 9.92  0.01  0.10%   
The current 90-days correlation between Pfg Invesco Thematic and Janus Global Allocation is -0.13 (i.e., Good diversification). The correlation of Pfg Invesco 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 Invesco Correlation With Market

Good diversification

The correlation between Pfg Invesco Thematic and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Invesco Thematic 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 Invesco Thematic. 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 persons.

Moving together with Pfg Mutual Fund

  0.87PFADX Riskproreg Pfg 0PairCorr
  0.71PFCOX Pfg American FundsPairCorr
  0.99PFESX Pfg Br EquityPairCorr
  0.65PFDOX Riskproreg DynamicPairCorr
  0.98PFGGX Pfg American FundsPairCorr
  0.99PFFFX Pfg Fidelity InstituPairCorr
  0.99PFFSX Pfg Fidelity InstituPairCorr
  0.98PFJDX Riskproreg DynamicPairCorr
  0.78PFJHX Pfg Janus HendersonPairCorr
  0.99PFTEX Riskproreg; TacticalPairCorr
  0.82PFSEX Riskproreg; 30+PairCorr
  0.75PFSGX Pfg Global EquityPairCorr
  0.99PFSMX Riskproreg Pfg 30PairCorr
  0.98PFTSX Pfg Tactical IncomePairCorr
  0.98FSWFX American Funds SmallcapPairCorr
  0.82FSFWX American Funds SmallcapPairCorr
  0.98SCWCX American Fds SmallcapPairCorr
  0.74SCWFX Smallcap WorldPairCorr
  0.98SMCWX Smallcap WorldPairCorr
  0.98CSPFX Smallcap WorldPairCorr
  0.98CSPAX Smallcap WorldPairCorr
  0.98CSPEX Smallcap WorldPairCorr
  0.98RSLCX Smallcap WorldPairCorr
  0.98RLLGX Smallcap WorldPairCorr
  0.77VTSAX Vanguard Total StockPairCorr
  0.78VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.78VFINX Vanguard 500 IndexPairCorr
  0.78VFFSX Vanguard 500 IndexPairCorr
  0.7VGTSX Vanguard Total InterPairCorr
  0.7VTIAX Vanguard Total InterPairCorr
  0.97JDHCX Janus Henderson HighPairCorr
  0.74ACP Aberdeen Income CreditPairCorr
  0.74JMGRX Janus EnterprisePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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