Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPFX Fund  USD 67.94  0.10  0.15%   
The current 90-days correlation between Permanent Portfolio Class and Lord Abbett Health is -0.16 (i.e., Good diversification). The correlation of Permanent Portfolio 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.

Permanent Portfolio Correlation With Market

Very weak diversification

The correlation between Permanent Portfolio Class and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Permanent Portfolio Class 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 Permanent Portfolio Class. 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 census.

Moving together with Permanent Mutual Fund

  0.85FBONX American Funds AmericanPairCorr
  0.85FBAFX American Funds AmericanPairCorr
  0.95ABALX American BalancedPairCorr
  0.95BALCX American BalancedPairCorr
  0.85BALFX American BalancedPairCorr
  0.85RLBCX American BalancedPairCorr
  0.85RLBBX American BalancedPairCorr
  0.95CLBAX American BalancedPairCorr
  0.85CLBEX American BalancedPairCorr
  0.85RLBFX American BalancedPairCorr
  0.85VSTSX Vanguard Total StockPairCorr
  0.85VSMPX Vanguard Total StockPairCorr
  0.85VITSX Vanguard Total StockPairCorr
  0.84VFFSX Vanguard 500 IndexPairCorr
  0.85VFIAX Vanguard 500 IndexPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.88VTPSX Vanguard Total InterPairCorr
  0.85VINIX Vanguard InstitutionalPairCorr
  0.85VTSAX Vanguard Total StockPairCorr
  0.81USTCX Science TechnologyPairCorr
  0.85VMCPX Vanguard Mid CapPairCorr
  0.96EMXCX Ashmore Emerging MarketsPairCorr
  0.79BA Boeing Aggressive PushPairCorr
  0.79GE GE AerospacePairCorr
  0.84CAT CaterpillarPairCorr
  0.76AA Alcoa CorpPairCorr
  0.81MMM 3M CompanyPairCorr
  0.8DD Dupont De NemoursPairCorr
  0.72MSFT Microsoft Sell-off TrendPairCorr
  0.66T ATT IncPairCorr
  0.82PFE Pfizer Inc Aggressive PushPairCorr
  0.71TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Permanent Mutual Fund performing well and Permanent Portfolio 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 Permanent Portfolio'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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