Equity Income Correlations
PEIIX Fund | USD 45.16 0.17 0.38% |
The current 90-days correlation between Equity Income and Strategic Asset Management is 0.81 (i.e., Very poor diversification). The correlation of Equity Income 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.
Equity Income Correlation With Market
Very poor diversification
The correlation between Equity Income Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Fund and DJI in the same portfolio, assuming nothing else is changed.
Equity |
Moving together with Equity Mutual Fund
0.93 | SABPX | Strategic Asset Mana | PairCorr |
0.97 | SACAX | Strategic Asset Mana | PairCorr |
0.96 | SAGPX | Strategic Asset Mana | PairCorr |
0.68 | PGLSX | Global Multi Strategy | PairCorr |
0.83 | PGRTX | Smallcap Growth | PairCorr |
0.79 | SCBPX | Strategic Asset Mana | PairCorr |
0.71 | PHJEX | Principal Lifetime Hybrid | PairCorr |
0.89 | PHTYX | Principal Lifetime Hybrid | PairCorr |
0.68 | PHYTX | High Yield Fund | PairCorr |
0.75 | PLCGX | Largecap Growth | PairCorr |
0.61 | PLFJX | Principal Lifetime 2020 | PairCorr |
0.76 | PLFIX | Largecap Sp 500 | PairCorr |
0.67 | PLFTX | Principal Lifetime Hybrid | PairCorr |
0.75 | PLHHX | Principal Lifetime Hybrid | PairCorr |
0.91 | PLKTX | Principal Lifetime Hybrid | PairCorr |
0.97 | PLSAX | Largecap Sp 500 | PairCorr |
Moving against Equity Mutual Fund
0.62 | PGRUX | Global Real Estate | PairCorr |
0.59 | PFIEX | International Equity | PairCorr |
0.55 | PFISX | International Small Pany | PairCorr |
0.46 | PFIGX | Strategic Asset Mana | PairCorr |
0.42 | PGBLX | Global Diversified Income | PairCorr |
0.41 | PGDIX | Global Diversified Income | PairCorr |
0.62 | PGRKX | Global Real Estate | PairCorr |
0.6 | PINZX | Overseas Fund Instit | PairCorr |
0.57 | PICNX | Income Fund R | PairCorr |
0.55 | PIPIX | Inflation Protection | PairCorr |
0.53 | PIFPX | Inflation Protection | PairCorr |
0.51 | PIIIX | Diversified International | PairCorr |
0.48 | PGRVX | Global Real Estate | PairCorr |
0.39 | PIFSX | Inflation Protection | PairCorr |
0.35 | PYHIX | High Yield Fund | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Equity Mutual Fund performing well and Equity Income 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 Equity Income'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SABPX | 0.31 | 0.01 | (0.15) | 0.16 | 0.20 | 0.58 | 1.99 | |||
SACAX | 0.43 | 0.03 | (0.04) | 0.18 | 0.28 | 0.82 | 2.95 | |||
SAGPX | 0.38 | 0.01 | (0.10) | 0.16 | 0.26 | 0.73 | 2.47 | |||
PFIJX | 0.19 | 0.00 | (0.47) | 0.15 | 0.19 | 0.42 | 1.15 | |||
PFILX | 0.20 | 0.00 | (0.49) | 0.11 | 0.24 | 0.41 | 1.23 | |||
PFIEX | 0.62 | (0.05) | (0.17) | (0.03) | 0.81 | 1.28 | 4.28 | |||
PFIFX | 0.21 | 0.01 | (0.42) | 0.40 | 0.17 | 0.41 | 1.14 | |||
PFIGX | 0.20 | (0.01) | (0.47) | (0.73) | 0.25 | 0.41 | 1.23 | |||
PFISX | 0.59 | (0.07) | 0.00 | (0.04) | 0.00 | 1.64 | 4.05 |