Largecap Growth Correlations

Mutual Funds . USA . 
Fund . Largecap Growth Fund
PLCGX Fund  USD 17.91  0.11  0.62%   
The current 90-days correlation between Largecap Growth and Strategic Asset Management is 0.9 (i.e., Almost no diversification). The correlation of Largecap Growth 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.

Largecap Growth Correlation With Market

Very poor diversification

The correlation between Largecap Growth Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Largecap Growth 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 Largecap Growth 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 price.

Moving together with Largecap Mutual Fund

  0.99SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  1.0SAGPX Strategic Asset ManaPairCorr
  0.96PFIJX Strategic Asset ManaPairCorr
  0.96PFIEX International EquityPairCorr
  0.96PFIFX Strategic Asset ManaPairCorr
  0.96PFISX International Small PanyPairCorr
  0.96PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  1.0PFLJX Principal Lifetime 2050PairCorr
  0.7PFPPX Midcap GrowthPairCorr
  0.71PFRSX Real Estate SecuritiesPairCorr
  0.95SAUPX Strategic Asset ManaPairCorr
  0.93PFUMX Finisterre UnconstrainedPairCorr
  0.95PGBAX Global Diversified IncomePairCorr
  0.95PGBLX Global Diversified IncomePairCorr
  1.0PGBEX Blue Chip FundPairCorr
  0.75PGBGX Blue Chip FundPairCorr
  1.0PGBHX Blue Chip FundPairCorr
  0.94PGDCX Global Diversified IncomePairCorr
  0.95PGDIX Global Diversified IncomePairCorr
  0.94PGDRX Diversified Real AssetPairCorr
  0.97PGLSX Global Multi StrategyPairCorr
  0.86STCCX Short Term IncomePairCorr
  0.99PGRTX Smallcap GrowthPairCorr
  0.86PGRUX Global Real EstatePairCorr
  0.77PGSLX Principal Global SusPairCorr
  0.86PGRKX Global Real EstatePairCorr
  0.7PGWIX Midcap GrowthPairCorr
  0.99SCBPX Strategic Asset ManaPairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  1.0SCGPX Strategic Asset ManaPairCorr
  1.0PHJEX Principal Lifetime HybridPairCorr
  0.98PHJFX Principal Lifetime HybridPairCorr
  1.0PHJGX Principal Lifetime HybridPairCorr
  1.0PHJBX Principal Lifetime HybridPairCorr
  0.75PHJDX Principal Lifetime HybridPairCorr
  0.99PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  0.98PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Largecap Mutual Fund performing well and Largecap Growth 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 Largecap Growth'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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