Pfg Global Correlations

Mutual Funds . USA . 
Fund . Pfg Global Equity
PFSGX Fund   11.83  0.02  0.17%   
The current 90-days correlation between Pfg Global Equity and Voya Solution Conservative is 0.84 (i.e., Very poor diversification). The correlation of Pfg Global 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 Global Correlation With Market

Very poor diversification

The correlation between Pfg Global Equity and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Global Equity 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 Global Equity. 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

  0.92PFADX Riskproreg Pfg 0PairCorr
  0.94PFCOX Pfg American FundsPairCorr
  1.0PFESX Pfg Br EquityPairCorr
  0.73PFDOX Riskproreg DynamicPairCorr
  1.0PFGGX Pfg American FundsPairCorr
  1.0PFFFX Pfg Fidelity InstituPairCorr
  0.78PFFBX Pfg Fidelity InstituPairCorr
  1.0PFFSX Pfg Fidelity InstituPairCorr
  0.99PFIOX Pfg Invesco ThematicPairCorr
  1.0PFJDX Riskproreg DynamicPairCorr
  1.0PFJHX Pfg Janus HendersonPairCorr
  1.0PFTEX Riskproreg; TacticalPairCorr
  1.0PFSEX Riskproreg; 30+PairCorr
  1.0PFSMX Riskproreg Pfg 30PairCorr
  0.99PFTSX Pfg Tactical IncomePairCorr
  1.0FCWGX American Funds CapitalPairCorr
  1.0FWCGX American Funds CapitalPairCorr
  1.0CWGIX Capital World GrowthPairCorr
  1.0CWGFX Capital World GrowthPairCorr
  1.0CWGCX Capital World GrowthPairCorr
  1.0RWIFX Capital World GrowthPairCorr
  1.0CWICX Capital World GrowthPairCorr
  1.0RWIAX Capital World GrowthPairCorr
  1.0CWIAX Capital World GrowthPairCorr
  1.0WGIFX Capital World GrowthPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.95WCMFX Wcm Focused SmallPairCorr
  0.83PONRX Pimco IncomePairCorr
  0.98SSMOX Steward Small MidPairCorr
  0.99FPTKX Fidelity Freedom 2015PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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