Principal Lifetime Correlations

Mutual Funds . USA . 
Fund . Principal Lifetime Hybrid
PHTNX Fund  USD 14.04  0.05  0.36%   
The current 90-days correlation between Principal Lifetime Hybrid and Strategic Asset Management is 0.94 (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

Good diversification

The correlation between Principal Lifetime Hybrid and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime Hybrid 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 Hybrid. 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 board of governors.

Moving together with Principal Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  0.99PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.97PFIFX Strategic Asset ManaPairCorr
  0.97PFISX International Small PanyPairCorr
  0.97PFIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.73PFRSX Real Estate SecuritiesPairCorr
  0.95PFUMX Finisterre UnconstrainedPairCorr
  0.98PGBAX Global Diversified IncomePairCorr
  0.96PGBLX Global Diversified IncomePairCorr
  0.97PGBEX Blue Chip FundPairCorr
  0.98PGBHX Blue Chip FundPairCorr
  0.97PGDCX Global Diversified IncomePairCorr
  0.97PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.9STCCX Short Term IncomePairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.85PGRUX Global Real EstatePairCorr
  0.79PGSLX Principal Global SusPairCorr
  0.87PGRKX Global Real EstatePairCorr
  1.0SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  0.99PHJEX Principal Lifetime HybridPairCorr
  0.98PHJFX Principal Lifetime HybridPairCorr
  0.99PHJGX Principal Lifetime HybridPairCorr
  0.98PHJBX Principal Lifetime HybridPairCorr
  0.99PHJNX Principal Lifetime HybridPairCorr
  1.0PHJQX Principal Lifetime HybridPairCorr
  0.98PHJMX Principal Lifetime HybridPairCorr
  0.99PHJUX Principal Lifetime HybridPairCorr
  0.98PHPPX Midcap GrowthPairCorr
  0.99PHSPX Pimco High YieldPairCorr
  0.99PHTJX Principal Lifetime HybridPairCorr
  0.98PHTFX Principal Lifetime HybridPairCorr
  0.99PHTQX Principal Lifetime HybridPairCorr
  0.99PHTTX Principal Lifetime HybridPairCorr
  0.99PHTUX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.39  0.15  0.02 (2.65) 0.24 
(0.44)
 1.21 
(0.83)
 2.84 
SACAX  0.54  0.21  0.09 (2.36) 0.43 
(0.61)
 1.64 
(1.27)
 3.89 
SAGPX  0.47  0.19  0.06 (2.23) 0.36 
(0.53)
 1.49 
(1.10)
 3.45 
PFIJX  0.22  0.08 (0.14)(3.74) 0.00 
(0.29)
 0.69 
(0.40)
 1.61 
PFIEX  0.56  0.12  0.05  0.41  0.47 
(0.62)
 1.33 
(1.13)
 3.32 
PFIFX  0.23  0.03 (0.19) 0.25  0.04 
(0.28)
 0.60 
(0.40)
 1.51 
PFISX  0.48  0.17  0.09  0.85  0.24 
(0.57)
 1.29 
(0.85)
 2.75 
PFIPX  0.22  0.03 (0.17) 0.26  0.06 
(0.28)
 0.57 
(0.40)
 1.59 
SAIPX  0.28  0.11 (0.06)(3.24) 0.00 
(0.33)
 0.89 
(0.46)
 1.97 
PFLJX  0.53  0.09  0.07  0.25  0.43 
(0.59)
 1.62 
(1.27)
 3.85 

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