Pfg Tactical Correlations

Mutual Funds . USA . 
Fund . Pfg Tactical Income
PFTSX Fund  USD 10.42  0.01  0.1%   
The current 90-days correlation between Pfg Tactical Income and Pfg American Funds is 0.91 (i.e., Almost no diversification). The correlation of Pfg Tactical 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 Tactical Correlation With Market

Very poor diversification

The correlation between Pfg Tactical Income and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfg Tactical Income 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 Tactical Income. 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 state.

Moving together with Pfg Mutual Fund

  0.95PFADX Riskproreg Pfg 0PairCorr
  0.97PFCOX Pfg American FundsPairCorr
  0.99PFESX Pfg Br EquityPairCorr
  0.79PFDOX Riskproreg DynamicPairCorr
  0.99PFGGX Pfg American FundsPairCorr
  0.99PFFFX Pfg Fidelity InstituPairCorr
  0.84PFFBX Pfg Fidelity InstituPairCorr
  0.99PFFSX Pfg Fidelity InstituPairCorr
  0.98PFIOX Pfg Invesco ThematicPairCorr
  1.0PFJDX Riskproreg DynamicPairCorr
  1.0PFJHX Pfg Janus HendersonPairCorr
  0.99PFTEX Riskproreg; TacticalPairCorr
  0.99PFSEX Riskproreg; 30+PairCorr
  0.99PFSGX Pfg Global EquityPairCorr
  0.99PFSMX Riskproreg Pfg 30PairCorr
  0.97VWINX Vanguard Wellesley IncomePairCorr
  0.97VWIAX Vanguard Wellesley IncomePairCorr
  1.0BKMIX Blackrock Multi AssetPairCorr
  0.98HBLTX Hartford BalancedPairCorr
  0.98HBLRX Hartford BalancedPairCorr
  0.98HBLSX Hartford BalancedPairCorr
  0.98HBLVX Hartford BalancedPairCorr
  0.98HBLYX Hartford BalancedPairCorr
  0.98HBLCX Hartford BalancedPairCorr
  0.98HBLIX Hartford BalancedPairCorr
  0.84MGGYX Mirova Global GreenPairCorr
  0.97HLDIX Hartford EmergingPairCorr
  0.96HLDRX Hartford EmergingPairCorr
  0.96HLDAX Hartford EmergingPairCorr
  0.97HLDCX Hartford EmergingPairCorr
  0.97HLDTX Hartford EmergingPairCorr
  1.0JSLCX Multimanager LifestylePairCorr
  0.78DBCMX Doubleline StrategicPairCorr
  0.97EGRSX Eaton Vance GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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