Performance Trust Correlations

PTCRX Fund

USD 8.97 0.03 0.33%

The current 90-days correlation between Performance Trust Credit and Performance Trust Strategic is 0.18 (i.e., Average diversification). The correlation of Performance Trust 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.

Performance Trust Correlation With Market

Good diversification

The correlation between Performance Trust Credit and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Trust Credit 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 Performance Trust Credit. 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 metropolitan statistical area.

Moving together with Performance Mutual Fund

0.83	PTCOX	Performance Trust	Pair Corr
0.86	PTIAX	Performance Trust	Pair Corr
0.65	PTIMX	Performance Trust	Pair Corr
0.94	PONAX	Pimco Income	Pair Corr
0.93	PONCX	Pimco Income	Pair Corr
0.94	PIPNX	Pimco Income	Pair Corr
0.94	PONRX	Pimco Income	Pair Corr
0.94	PONPX	Pimco Incme Fund	Pair Corr
0.95	PIINX	Pimco Income	Pair Corr
0.94	PIMIX	Pimco Income	Pair Corr
0.97	LBNDX	Lord Abbett Bond	Pair Corr
0.96	FSTAX	Fidelity Advisor Str	Pair Corr
0.69	FSRIX	Fidelity Advisor Str	Pair Corr
0.92	FTYPX	Fidelity Freedom Index	Pair Corr
0.92	FFBTX	Fidelity Freedom Blend	Pair Corr
0.81	GAAVX	Gmo Alternative Allo	Pair Corr
0.87	GCAVX	Gmo Small Cap	Pair Corr
0.92	GQLOX	Gmo Quality Fund	Pair Corr
0.95	GHVIX	Gmo High Yield	Pair Corr
0.91	GMCQX	Gmo Equity Allocation	Pair Corr
0.9	VIGAX	Vanguard Growth Index	Pair Corr
0.91	SWHCX	Strategic Asset Mana	Pair Corr
0.96	PXCCX	Invesco Select Risk	Pair Corr
0.88	CAPTX	Canterbury Portfolio	Pair Corr
0.9	PFONX	Pimco International Bond	Pair Corr
0.88	PINCX	Putnam Income	Pair Corr
0.83	RBOFX	Intermediate Bond	Pair Corr
0.87	BUFTX	Buffalo Discovery	Pair Corr
0.64	QCELX	Aqr Large Cap	Pair Corr
0.89	GOBCX	Legg Mason Bw	Pair Corr
0.93	SSDWX	State Street Target	Pair Corr
0.9	FCPCX	Fidelity Advisor Int	Pair Corr
0.79	RYVIX	Energy Services	Pair Corr
0.69	MRMLX	Massmutual Retiresmart	Pair Corr
0.93	BCIAX	California Intermediate-ter	Pair Corr

Related Correlations Analysis

	PTAOX	PTCOX	PTCRX	PTIAX	PTRMX	MNDVUX	NWWAX	SMGASX	PWJQX
PTAOX		0.92	0.59	0.9	0.5	0.41	0.0	0.0	0.28	PTAOX
PTCOX	0.92		0.83	1.0	0.39	0.68	0.0	0.0	0.56	PTCOX
PTCRX	0.59	0.83		0.86	0.22	0.92	0.0	0.0	0.86	PTCRX
PTIAX	0.9	1.0	0.86		0.37	0.72	0.0	0.0	0.6	PTIAX
PTRMX	0.5	0.39	0.22	0.37		0.11	0.0	0.0	0.17	PTRMX
MNDVUX	0.41	0.68	0.92	0.72	0.11		0.0	0.0	0.91	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SMGASX
PWJQX	0.28	0.56	0.86	0.6	0.17	0.91	0.0	0.0		PWJQX
	PTAOX	PTCOX	PTCRX	PTIAX	PTRMX	MNDVUX	NWWAX	SMGASX	PWJQX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PTIAX	+ 1.0	PTCOX
PTCOX	+ 0.92	PTAOX
MNDVUX	+ 0.92	PTCRX
PWJQX	+ 0.91	MNDVUX
PTIAX	+ 0.9	PTAOX
PTIAX	+ 0.86	PTCRX

High negative correlations

PWJQX	- 0.0	SMGASX
PWJQX	- 0.0	NWWAX
SMGASX	- 0.0	NWWAX
SMGASX	- 0.0	MNDVUX
NWWAX	- 0.0	MNDVUX
SMGASX	- 0.0	PTRMX

Risk-Adjusted Indicators

There is a big difference between Performance Mutual Fund performing well and Performance Trust 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 Performance Trust'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTAOX	0.25	(0.02)	(0.41)	(0.06)	0.31	(0.27)	0.46	(0.51)	1.18
PTCOX	0.23	(0.01)	(0.41)	0.08	0.24	(0.26)	0.42	(0.51)	1.19
PTCRX	0.16	0.04	(0.42)	(1.52)	0.00	(0.25)	0.34	(0.34)	1.02
PTIAX	0.25	0.00	(0.39)	0.10	0.25	(0.27)	0.46	(0.51)	1.19
PTRMX	0.15	(0.03)	0.00	(0.21)	0.00	0.00	0.32	(0.36)	0.95
MNDVUX	0.62	0.03	0.00	0.16	0.61	(0.70)	1.53	(0.96)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.68	0.14	0.12	0.35	0.43	(0.76)	1.86	(1.19)	4.45

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