Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime 2050
PFLJX Fund  USD 17.52  0.10  0.57%   
The current 90-days correlation between Principal Lifetime 2050 and Third Avenue Small Cap is 0.9 (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

Almost no diversification

The correlation between Principal Lifetime 2050 and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime 2050 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 Principal Lifetime 2050. 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 inflation.

Moving together with Principal Mutual Fund

  0.94SABPX Strategic Asset ManaPairCorr
  0.95SACAX Strategic Asset ManaPairCorr
  0.94SAGPX Strategic Asset ManaPairCorr
  0.96PFIJX Strategic Asset ManaPairCorr
  0.96PFIEX International EquityPairCorr
  0.96PFIFX Strategic Asset ManaPairCorr
  0.94PFISX International Small PanyPairCorr
  0.96PFIPX Strategic Asset ManaPairCorr
  0.93SAIPX Strategic Asset ManaPairCorr
  0.99PFPPX Midcap GrowthPairCorr
  0.79PFRSX Real Estate SecuritiesPairCorr
  0.89SAUPX Strategic Asset ManaPairCorr
  0.9PFUMX Finisterre UnconstrainedPairCorr
  0.87PGBAX Global Diversified IncomePairCorr
  0.93PGBLX Global Diversified IncomePairCorr
  0.99PGBEX Blue Chip FundPairCorr
  0.99PGBGX Blue Chip FundPairCorr
  0.99PGBHX Blue Chip FundPairCorr
  0.91PGDCX Global Diversified IncomePairCorr
  0.92PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.97PGLSX Global Multi StrategyPairCorr
  0.78STCCX Short Term IncomePairCorr
  0.99PGRTX Smallcap GrowthPairCorr
  0.92PGRUX Global Real EstatePairCorr
  0.81PGSLX Principal Global SusPairCorr
  0.92PGRKX Global Real EstatePairCorr
  0.99PGWIX Midcap GrowthPairCorr
  1.0SCBPX Strategic Asset ManaPairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  1.0SCGPX Strategic Asset ManaPairCorr
  1.0PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  1.0PHJGX Principal Lifetime HybridPairCorr
  1.0PHJBX Principal Lifetime HybridPairCorr
  1.0PHJDX Principal Lifetime HybridPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  1.0PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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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.

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