Palmer Square Correlations

PSDSX Fund

USD 20.11 0.01 0.05%

The current 90-days correlation between Palmer Square Ultra and Palmer Square Ssi is 0.11 (i.e., Average diversification). The correlation of Palmer Square 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.

Palmer Square Correlation With Market

Significant diversification

The correlation between Palmer Square Ultra Short and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Palmer Square Ultra Short 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 Palmer Square Ultra Short. 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 state.

Moving together with Palmer Mutual Fund

0.97	PSCIX	Palmer Square Ssi	Pair Corr
0.98	PSTPX	Short Term Income	Pair Corr
0.98	PSYPX	Palmer Square Income	Pair Corr
0.93	PTSPX	Pimco Short Term	Pair Corr
0.93	PTSHX	Short Term Fund	Pair Corr
0.92	PSFAX	Short Term Fund	Pair Corr
0.93	PTSRX	Short Term Fund	Pair Corr
0.82	PSDNX	Putnam Ultra Short	Pair Corr
0.86	LUSNX	Lord Abbett Ultra	Pair Corr
0.94	VUBFX	Vanguard Ultra Short	Pair Corr
0.87	PSDRX	Putnam Short Duration	Pair Corr
0.93	PSDYX	Putnam Short Duration	Pair Corr
0.76	KNPCX	Kinetics Paradigm	Pair Corr
0.78	IIRFX	Voya Russia Fund	Pair Corr
0.82	KMKCX	Kinetics Market Oppo	Pair Corr
0.76	WWNPX	Kinetics Paradigm	Pair Corr
0.76	KNPYX	Kinetics Paradigm	Pair Corr
0.76	KNPAX	Kinetics Paradigm	Pair Corr
0.76	LETRX	Voya Russia Fund	Pair Corr
0.82	KMKAX	Kinetics Market Oppo	Pair Corr
0.93	BUSIX	Sterling Capital Ultra	Pair Corr
0.93	CVGRX	Calamos Growth	Pair Corr
0.79	FGDKX	Fidelity Growth Discovery	Pair Corr
0.91	TEEFX	T Rowe Price	Pair Corr
0.99	TQEZX	Amg Timessquare Emerging	Pair Corr
0.97	FRFZX	Prudential Floating Rate	Pair Corr
0.82	VNVNX	Vaughan Nelson Value	Pair Corr
0.81	SUSAX	Siit Ultra Short	Pair Corr
0.92	DCFGX	Dunham Focused Large	Pair Corr
0.92	FFRHX	Fidelity Advisor Floating	Pair Corr
0.92	FCVSX	Fidelity Vertible	Pair Corr
0.89	DXNLX	Direxion Monthly Nasdaq	Pair Corr
0.94	VIGIX	Vanguard Growth Index	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.84	DRYQX	Dreyfus Research Growth	Pair Corr

Moving against Palmer Mutual Fund

0.86

TSMXX

Tsmxx

Pair Corr

Related Correlations Analysis

	PSCIX	PSDSX	PSTPX	PSYPX	RIV	GMAWX	VEXRX	UCAGX	VMCIX	USPRX
PSCIX		0.97	0.94	0.94	-0.14	0.24	0.76	-0.29	0.83	0.81	PSCIX
PSDSX	0.97		0.98	0.98	-0.21	0.12	0.68	-0.39	0.75	0.76	PSDSX
PSTPX	0.94	0.98		0.99	-0.17	0.12	0.69	-0.37	0.73	0.76	PSTPX
PSYPX	0.94	0.98	0.99		-0.18	0.1	0.67	-0.39	0.72	0.75	PSYPX
RIV	-0.14	-0.21	-0.17	-0.18		0.54	0.22	0.78	0.23	0.28	RIV
GMAWX	0.24	0.12	0.12	0.1	0.54		0.75	0.74	0.68	0.67	GMAWX
VEXRX	0.76	0.68	0.69	0.67	0.22	0.75		0.23	0.97	0.94	VEXRX
UCAGX	-0.29	-0.39	-0.37	-0.39	0.78	0.74	0.23		0.2	0.23	UCAGX
VMCIX	0.83	0.75	0.73	0.72	0.23	0.68	0.97	0.2		0.96	VMCIX
USPRX	0.81	0.76	0.76	0.75	0.28	0.67	0.94	0.23	0.96		USPRX
	PSCIX	PSDSX	PSTPX	PSYPX	RIV	GMAWX	VEXRX	UCAGX	VMCIX	USPRX

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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

PSYPX	+ 0.99	PSTPX
PSTPX	+ 0.98	PSDSX
PSYPX	+ 0.98	PSDSX
PSDSX	+ 0.97	PSCIX
VMCIX	+ 0.97	VEXRX
USPRX	+ 0.96	VMCIX

High negative correlations

UCAGX	- 0.39	PSYPX
UCAGX	- 0.39	PSDSX
UCAGX	- 0.37	PSTPX
UCAGX	- 0.29	PSCIX
RIV	- 0.21	PSDSX
RIV	- 0.18	PSYPX

Risk-Adjusted Indicators

There is a big difference between Palmer Mutual Fund performing well and Palmer Square 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 Palmer Square'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
PSCIX	0.07	0.02	(0.04)	0.98	0.00	(0.11)	0.10	(0.10)	0.50
PSDSX	0.02	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.10
PSTPX	0.03	0.01	0.00	0.98	0.00	0.00	0.10	0.00	0.20
PSYPX	0.04	0.01	0.00	0.94	0.00	0.00	0.10	0.00	0.20
RIV	0.49	(0.05)	0.00	(0.16)	0.00	0.00	0.98	(1.05)	3.89
GMAWX	0.82	(0.14)	0.00	(0.09)	0.00	0.00	1.57	(1.67)	10.59
VEXRX	0.74	(0.03)	(0.03)	(0.01)	1.05	(0.72)	1.45	(1.29)	7.80
UCAGX	0.52	(0.17)	0.00	(0.24)	0.00	0.00	0.71	(0.95)	7.23
VMCIX	0.58	0.01	0.01	0.04	0.75	(0.64)	1.33	(1.02)	5.94
USPRX	0.54	0.00	0.00	0.02	0.87	(0.54)	0.95	(1.32)	5.89

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