Diversified International Correlations

Mutual Funds . USA . 
Fund . Diversified International Fund
PIIIX Fund  USD 15.38  0.05  0.32%   
The current 90-days correlation between Diversified International and Washington Mutual Investors is 0.74 (i.e., Poor diversification). The correlation of Diversified International 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.

Diversified International Correlation With Market

Poor diversification

The correlation between Diversified International Fund and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified International Fund 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 Diversified International Fund. 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 gross domestic product.

Moving together with Diversified Mutual Fund

  0.96SABPX Strategic Asset ManaPairCorr
  0.96SACAX Strategic Asset ManaPairCorr
  0.96SAGPX Strategic Asset ManaPairCorr
  0.94PFIJX Strategic Asset ManaPairCorr
  0.99PFIEX International EquityPairCorr
  0.94PFIFX Strategic Asset ManaPairCorr
  0.98PFISX International Small PanyPairCorr
  0.94PFIPX Strategic Asset ManaPairCorr
  0.95SAIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.96PFPPX Midcap GrowthPairCorr
  0.75PFRSX Real Estate SecuritiesPairCorr
  0.93SAUPX Strategic Asset ManaPairCorr
  0.91PFUMX Finisterre UnconstrainedPairCorr
  0.93PGBAX Global Diversified IncomePairCorr
  0.93PGBLX Global Diversified IncomePairCorr
  0.98PGBEX Blue Chip FundPairCorr
  0.98PGBGX Blue Chip FundPairCorr
  0.98PGBHX Blue Chip FundPairCorr
  0.92PGDCX Global Diversified IncomePairCorr
  0.93PGDIX Global Diversified IncomePairCorr
  0.97PGDRX Diversified Real AssetPairCorr
  0.95PGLSX Global Multi StrategyPairCorr
  0.85STCCX Short Term IncomePairCorr
  0.97PGRTX Smallcap GrowthPairCorr
  0.91PGRUX Global Real EstatePairCorr
  0.84PGSLX Principal Global SusPairCorr
  0.9PGRKX Global Real EstatePairCorr
  0.96PGWIX Midcap GrowthPairCorr
  0.97SCBPX Strategic Asset ManaPairCorr
  0.95SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  0.98PHJEX Principal Lifetime HybridPairCorr
  0.97PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.98PHJBX Principal Lifetime HybridPairCorr
  0.98PHJDX Principal Lifetime HybridPairCorr
  0.97PHJNX Principal Lifetime HybridPairCorr
  0.96PHJQX Principal Lifetime HybridPairCorr
  0.96PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Diversified Mutual Fund performing well and Diversified International 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 Diversified International'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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