International Fund Correlations

Mutual Funds . USA . 
Fund . International Fund I
PINIX Fund  USD 14.93  0.05  0.33%   
The current 90-days correlation between International Fund and Strategic Asset Management is 0.73 (i.e., Poor diversification). The correlation of International Fund 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.

International Fund Correlation With Market

Poor diversification

The correlation between International Fund I and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Fund I 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 International Fund I. 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 International Mutual Fund

  0.98SABPX Strategic Asset ManaPairCorr
  0.98SACAX Strategic Asset ManaPairCorr
  0.98SAGPX Strategic Asset ManaPairCorr
  0.95PFIJX Strategic Asset ManaPairCorr
  0.99PFIEX International EquityPairCorr
  0.95PFIFX Strategic Asset ManaPairCorr
  0.99PFISX International Small PanyPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  0.97SAIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.97PFPPX Midcap GrowthPairCorr
  0.73PFRSX Real Estate SecuritiesPairCorr
  0.95SAUPX Strategic Asset ManaPairCorr
  0.92PFUMX Finisterre UnconstrainedPairCorr
  0.94PGBAX Global Diversified IncomePairCorr
  0.94PGBLX Global Diversified IncomePairCorr
  0.97PGBEX Blue Chip FundPairCorr
  0.97PGBGX Blue Chip FundPairCorr
  0.97PGBHX Blue Chip FundPairCorr
  0.93PGDCX Global Diversified IncomePairCorr
  0.94PGDIX Global Diversified IncomePairCorr
  0.97PGDRX Diversified Real AssetPairCorr
  0.96PGLSX Global Multi StrategyPairCorr
  0.87STCCX Short Term IncomePairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.91PGRUX Global Real EstatePairCorr
  0.83PGSLX Principal Global SusPairCorr
  0.9PGRKX Global Real EstatePairCorr
  0.97PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.97SCIPX 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
  0.98PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr
  0.98PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Fund 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 International Fund'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  0.38  0.07  0.00  0.26  0.25 
(0.43)
 1.21 
(0.83)
 2.84 
SACAX  0.54  0.09  0.07  0.24  0.44 
(0.60)
 1.64 
(1.27)
 3.89 
SAGPX  0.47  0.07  0.04  0.24  0.37 
(0.52)
 1.49 
(1.10)
 3.45 
PFIJX  0.21  0.04 (0.17) 0.28  0.00 
(0.27)
 0.51 
(0.40)
 1.60 
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  0.27  0.05 (0.08) 0.27  0.00 
(0.32)
 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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