Principal Global Correlations
PGSLX Fund | 11.51 0.11 0.95% |
The current 90-days correlation between Principal Global Sus and Sprott Gold Equity is 0.05 (i.e., Significant diversification). The correlation of Principal 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.
Principal |
Moving together with Principal Mutual Fund
0.63 | SABPX | Strategic Asset Mana | PairCorr |
0.61 | SACAX | Strategic Asset Mana | PairCorr |
0.62 | SAGPX | Strategic Asset Mana | PairCorr |
0.82 | PFIJX | Strategic Asset Mana | PairCorr |
0.66 | PFIFX | Strategic Asset Mana | PairCorr |
0.65 | PFIPX | Strategic Asset Mana | PairCorr |
0.66 | SAIPX | Strategic Asset Mana | PairCorr |
0.61 | PFRSX | Real Estate Securities | PairCorr |
0.82 | SAUPX | Strategic Asset Mana | PairCorr |
0.85 | PFUMX | Finisterre Unconstrained | PairCorr |
0.74 | PGBAX | Global Diversified Income | PairCorr |
0.84 | PGBLX | Global Diversified Income | PairCorr |
0.79 | PGBGX | Blue Chip Fund | PairCorr |
0.79 | PGBHX | Blue Chip Fund | PairCorr |
0.85 | PGDCX | Global Diversified Income | PairCorr |
0.74 | PGDIX | Global Diversified Income | PairCorr |
0.82 | PGDRX | Diversified Real Asset | PairCorr |
0.65 | PGLSX | Global Multi Strategy | PairCorr |
0.77 | STCCX | Short Term Income | PairCorr |
0.79 | PGRTX | Smallcap Growth | PairCorr |
0.82 | PGRUX | Global Real Estate | PairCorr |
0.82 | PGRKX | Global Real Estate | PairCorr |
0.76 | PGWIX | Midcap Growth | PairCorr |
0.82 | SCBPX | Strategic Asset Mana | PairCorr |
0.79 | SCIPX | Strategic Asset Mana | PairCorr |
0.78 | SCGPX | Strategic Asset Mana | PairCorr |
0.62 | PHJEX | Principal Lifetime Hybrid | PairCorr |
0.79 | PHJFX | Principal Lifetime Hybrid | PairCorr |
0.81 | PHJGX | Principal Lifetime Hybrid | PairCorr |
0.61 | PHJBX | Principal Lifetime Hybrid | PairCorr |
0.78 | PHJDX | Principal Lifetime Hybrid | PairCorr |
0.63 | PHJNX | Principal Lifetime Hybrid | PairCorr |
0.82 | PHJQX | Principal Lifetime Hybrid | PairCorr |
0.63 | PHJJX | Principal Lifetime Hybrid | PairCorr |
Related Correlations Analysis
0.94 | 0.9 | 0.97 | 0.99 | 0.13 | 0.85 | SGDLX | ||
0.94 | 0.96 | 0.91 | 0.92 | 0.27 | 0.93 | USERX | ||
0.9 | 0.96 | 0.92 | 0.89 | 0.18 | 0.88 | FEGOX | ||
0.97 | 0.91 | 0.92 | 0.97 | 0.06 | 0.8 | FGDIX | ||
0.99 | 0.92 | 0.89 | 0.97 | 0.09 | 0.82 | OGMCX | ||
0.13 | 0.27 | 0.18 | 0.06 | 0.09 | 0.49 | GUIRX | ||
0.85 | 0.93 | 0.88 | 0.8 | 0.82 | 0.49 | XGGNX | ||
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Risk-Adjusted Indicators
There is a big difference between Principal Mutual Fund performing well and Principal 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 Principal 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SGDLX | 1.68 | 0.21 | 0.06 | 1.16 | 2.33 | 4.61 | 13.32 | |||
USERX | 1.75 | 0.28 | 0.08 | 8.03 | 2.26 | 4.43 | 12.98 | |||
FEGOX | 1.60 | 0.19 | 0.05 | 8.46 | 2.15 | 3.85 | 12.63 | |||
FGDIX | 1.87 | 0.21 | 0.05 | 1.04 | 2.58 | 4.79 | 15.18 | |||
OGMCX | 1.72 | 0.15 | 0.04 | 0.43 | 2.40 | 4.61 | 14.41 | |||
GUIRX | 0.25 | (0.02) | 0.00 | 0.23 | 0.00 | 0.46 | 3.21 | |||
XGGNX | 0.89 | 0.05 | (0.02) | (3.40) | 1.40 | 1.80 | 8.07 |