Global Real Correlations

Mutual Funds . USA . 
Fund . Global Real Estate
PGRKX Fund  USD 9.52  0.10  1.04%   
The correlation of Global Real 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.

Global Real Correlation With Market

Good diversification

The correlation between Global Real Estate and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate 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 Global Real Estate. 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 Global Mutual Fund

  0.71SABPX Strategic Asset ManaPairCorr
  0.7SACAX Strategic Asset ManaPairCorr
  0.7SAGPX Strategic Asset ManaPairCorr
  0.72PFIJX Strategic Asset ManaPairCorr
  0.7PFIEX International EquityPairCorr
  0.72PFIFX Strategic Asset ManaPairCorr
  0.77PFISX International Small PanyPairCorr
  0.72PFIPX Strategic Asset ManaPairCorr
  0.73SAIPX Strategic Asset ManaPairCorr
  0.71PFLJX Principal Lifetime 2050PairCorr
  0.75SAUPX Strategic Asset ManaPairCorr
  0.7PFUMX Finisterre UnconstrainedPairCorr
  0.69PGBAX Global Diversified IncomePairCorr
  0.71PGBLX Global Diversified IncomePairCorr
  0.69PGDCX Global Diversified IncomePairCorr
  0.7PGDIX Global Diversified IncomePairCorr
  0.81PGDRX Diversified Real AssetPairCorr
  0.71PGLSX Global Multi StrategyPairCorr
  0.73PGRTX Smallcap GrowthPairCorr
  0.84PGRUX Global Real EstatePairCorr
  0.77SCBPX Strategic Asset ManaPairCorr
  0.77SCIPX Strategic Asset ManaPairCorr
  0.78SCGPX Strategic Asset ManaPairCorr
  0.75PHJEX Principal Lifetime HybridPairCorr
  0.75PHJFX Principal Lifetime HybridPairCorr
  0.75PHJGX Principal Lifetime HybridPairCorr
  0.75PHJBX Principal Lifetime HybridPairCorr
  0.75PHJDX Principal Lifetime HybridPairCorr
  0.69PHJNX Principal Lifetime HybridPairCorr
  0.75PHJQX Principal Lifetime HybridPairCorr
  0.69PHJJX Principal Lifetime HybridPairCorr
  0.7PHJMX Principal Lifetime HybridPairCorr
  0.75PHJUX Principal Lifetime HybridPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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