Preferred Securities Correlations

Mutual Funds . USA . 
Fund . Preferred Securities Fund
PRFCX Fund  USD 9.40  0.01  0.11%   
The current 90-days correlation between Preferred Securities and Aig Government Money is 0.11 (i.e., Average diversification). The correlation of Preferred Securities 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.

Preferred Securities Correlation With Market

Weak diversification

The correlation between Preferred Securities Fund and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Preferred Securities 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 Preferred Securities 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 main economic indicators.

Moving together with Preferred Mutual Fund

  0.74SABPX Strategic Asset ManaPairCorr
  0.73SACAX Strategic Asset ManaPairCorr
  0.97SAGPX Strategic Asset ManaPairCorr
  0.87PFIJX Strategic Asset ManaPairCorr
  0.92PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.69PFISX International Small PanyPairCorr
  0.87PFIPX Strategic Asset ManaPairCorr
  0.98SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  0.73SAUPX Strategic Asset ManaPairCorr
  0.98PFUMX Finisterre UnconstrainedPairCorr
  0.73PGBAX Global Diversified IncomePairCorr
  0.88PGBLX Global Diversified IncomePairCorr
  0.95PGBEX Blue Chip FundPairCorr
  0.7PGBGX Blue Chip FundPairCorr
  0.95PGBHX Blue Chip FundPairCorr
  0.87PGDCX Global Diversified IncomePairCorr
  0.98PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.99PGLSX Global Multi StrategyPairCorr
  0.9STCCX Short Term IncomePairCorr
  0.97PGRTX Smallcap GrowthPairCorr
  0.8PGRUX Global Real EstatePairCorr
  0.79PGRKX Global Real EstatePairCorr
  0.72PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.98SCIPX Strategic Asset ManaPairCorr
  0.97SCGPX Strategic Asset ManaPairCorr
  0.98PHJEX Principal Lifetime HybridPairCorr
  0.98PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.97PHJBX Principal Lifetime HybridPairCorr
  0.97PHJDX Principal Lifetime HybridPairCorr
  0.98PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr
  0.74PHJJX Principal Lifetime HybridPairCorr
  0.98PHJMX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Preferred Mutual Fund performing well and Preferred Securities 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 Preferred Securities' 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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