Princeton Adaptive Correlations

PAPIX Fund

USD 10.12 0.01 0.1%

The current 90-days correlation between Princeton Adaptive and Princeton Premium is 0.92 (i.e., Almost no diversification). The correlation of Princeton Adaptive 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.

Princeton Adaptive Correlation With Market

Average diversification

The correlation between Princeton Adaptive Premium and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Adaptive Premium 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 Princeton Adaptive Premium. 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 gross domestic product.

Moving together with Princeton Mutual Fund

0.69	PPFAX	Princeton Premium	Pair Corr
0.71	PPFIX	Princeton Premium	Pair Corr
0.77	PAPAX	Putnam Asia Pacific	Pair Corr

Related Correlations Analysis

	PPFAX	PAPAX	PAPIX	VAADX	CMGIX	MRTBX	VFINX	RNGHX	FTRNX	JHEIX
PPFAX		0.67	0.69	0.77	0.75	-0.13	0.77	0.69	0.79	0.79	PPFAX
PAPAX	0.67		0.77	0.34	0.31	-0.16	0.33	0.28	0.34	0.62	PAPAX
PAPIX	0.69	0.77		0.18	0.21	-0.35	0.19	0.13	0.19	0.58	PAPIX
VAADX	0.77	0.34	0.18		0.97	0.37	0.96	0.83	0.97	0.75	VAADX
CMGIX	0.75	0.31	0.21	0.97		0.39	0.93	0.8	0.94	0.78	CMGIX
MRTBX	-0.13	-0.16	-0.35	0.37	0.39		0.38	0.41	0.33	0.22	MRTBX
VFINX	0.77	0.33	0.19	0.96	0.93	0.38		0.94	0.99	0.74	VFINX
RNGHX	0.69	0.28	0.13	0.83	0.8	0.41	0.94		0.92	0.64	RNGHX
FTRNX	0.79	0.34	0.19	0.97	0.94	0.33	0.99	0.92		0.72	FTRNX
JHEIX	0.79	0.62	0.58	0.75	0.78	0.22	0.74	0.64	0.72		JHEIX
	PPFAX	PAPAX	PAPIX	VAADX	CMGIX	MRTBX	VFINX	RNGHX	FTRNX	JHEIX

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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

FTRNX	+ 0.99	VFINX
CMGIX	+ 0.97	VAADX
FTRNX	+ 0.97	VAADX
VFINX	+ 0.96	VAADX
FTRNX	+ 0.94	CMGIX
RNGHX	+ 0.94	VFINX

High negative correlations

MRTBX	- 0.35	PAPIX
MRTBX	- 0.16	PAPAX
MRTBX	- 0.13	PPFAX

Risk-Adjusted Indicators

There is a big difference between Princeton Mutual Fund performing well and Princeton Adaptive 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 Princeton Adaptive'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
PPFAX	0.06	0.00	0.00	0.20	0.00	0.00	0.17	(0.08)	1.10
PAPAX	0.09	(0.03)	0.00	(0.72)	0.00	0.00	0.10	0.00	2.95
PAPIX	0.09	(0.03)	0.00	(0.58)	0.00	0.00	0.10	0.00	2.89
VAADX	0.45	0.15	0.15	1.16	0.09	(0.56)	1.09	(0.84)	2.61
CMGIX	0.88	0.12	0.12	0.20	0.86	(1.03)	2.00	(1.71)	6.05
MRTBX	0.23	0.00	(0.24)	0.14	0.25	(0.26)	0.52	(0.51)	1.37
VFINX	0.48	0.12	0.06	2.39	0.43	(0.52)	0.97	(0.93)	3.84
RNGHX	0.61	0.12	0.04	1.08	0.68	(0.66)	1.40	(1.15)	4.01
FTRNX	0.84	0.26	0.16	1.66	0.87	(0.95)	2.14	(1.55)	6.40
JHEIX	0.46	(0.03)	(0.13)	0.04	0.40	(0.58)	0.95	(0.75)	3.07

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