Permanent Portfolio Correlations

Mutual Funds . USA . 
Fund . Permanent Portfolio Class
PRPHX Fund  USD 70.47  0.45  0.64%   
The current 90-days correlation between Permanent Portfolio Class and Glg Intl Small is 0.02 (i.e., Significant 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

Average diversification

The correlation between Permanent Portfolio Class and DJI is 0.13 (i.e., Average 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

  1.0PRPDX Permanent Portfolio ClassPairCorr
  1.0PRPFX Permanent Portfolio ClassPairCorr
  0.91PRTBX Short Term TreasuryPairCorr
  0.67PRVBX Versatile Bond PortfolioPairCorr
  0.69PRVDX Versatile Bond PortfolioPairCorr
  0.82PAGDX Aggressive GrowthPairCorr
  0.81PAGHX Aggressive GrowthPairCorr
  0.75PAGRX Aggressive GrowthPairCorr
  0.9FBONX American Funds AmericanPairCorr
  0.9FBAFX American Funds AmericanPairCorr
  0.94ABALX American BalancedPairCorr
  0.93BALCX American BalancedPairCorr
  0.9BALFX American BalancedPairCorr
  0.94RLBCX American BalancedPairCorr
  0.93RLBBX American BalancedPairCorr
  0.94CLBAX American BalancedPairCorr
  0.94CLBEX American BalancedPairCorr
  0.94RLBFX American BalancedPairCorr
  0.73PMPIX Precious Metals UltrPairCorr
  0.72PMPSX Precious Metals UltrPairCorr
  0.91FGPMX Franklin Gold AndPairCorr
  0.91FRGOX Franklin Gold PreciousPairCorr
  0.85MIDSX Midas Fund MidasPairCorr
  0.84FIJDX Gold Portfolio FidelityPairCorr
  0.88OPBIX Oppenheimer CorePairCorr
  0.62TNHIX 1290 High YieldPairCorr
  0.88CEMIX Causeway Emerging MarketsPairCorr
  0.89PCEMX Pace InternationalPairCorr
  0.93TIBLX Tiaa Cref IntlPairCorr
  0.84CMGUX Cmg Ultra ShortPairCorr
  0.9DSDYX Dreyfusstandish GlobalPairCorr
  0.89ORNYX Oppenheimer Roc HighPairCorr
  0.87WSBFX Walden Asset ManagementPairCorr
  0.88SMAAX Aig Government MoneyPairCorr
  0.86UUPIX Ultraemerging MarketsPairCorr
  0.92DELIX Delaware Tax FreePairCorr
  0.84QMHIX Aqr Managed FuturesPairCorr
  0.81GHVIX Gmo High YieldPairCorr

Related Correlations Analysis


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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