Principal Lifetime Correlations

PTDAX Fund

USD 15.58 0.85 5.17%

The current 90-days correlation between Principal Lifetime 2040 and Strategic Asset Management is 0.99 (i.e., No risk reduction). The correlation of Principal Lifetime 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.

Principal Lifetime Correlation With Market

Good diversification

The correlation between Principal Lifetime 2040 and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Lifetime 2040 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 Principal Lifetime 2040. 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 nation.

Moving together with Principal Mutual Fund

0.98	SABPX	Strategic Asset Mana	Pair Corr
0.8	SACAX	Strategic Asset Mana	Pair Corr
0.86	SAGPX	Strategic Asset Mana	Pair Corr
0.66	PFIPX	Strategic Asset Mana	Pair Corr
0.92	SAIPX	Strategic Asset Mana	Pair Corr
0.99	PFLJX	Principal Lifetime 2050	Pair Corr
0.7	SAUPX	Strategic Asset Mana	Pair Corr
0.74	PGBEX	Blue Chip Fund	Pair Corr
0.67	PGBGX	Blue Chip Fund	Pair Corr
0.67	PGBHX	Blue Chip Fund	Pair Corr
0.77	PGRTX	Smallcap Growth	Pair Corr
0.99	SCBPX	Strategic Asset Mana	Pair Corr
0.91	SCIPX	Strategic Asset Mana	Pair Corr
0.98	SCGPX	Strategic Asset Mana	Pair Corr
0.92	PHJEX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX
SABPX		0.87	0.86	0.56	-0.14	0.59	-0.06	0.61	0.92	0.99	SABPX
SACAX	0.87		0.79	0.4	-0.43	0.44	-0.37	0.43	0.8	0.87	SACAX
SAGPX	0.86	0.79		0.61	-0.15	0.39	-0.06	0.52	0.79	0.87	SAGPX
PFIJX	0.56	0.4	0.61		0.42	0.76	0.54	0.9	0.78	0.53	PFIJX
PFIEX	-0.14	-0.43	-0.15	0.42		0.35	0.98	0.5	0.1	-0.11	PFIEX
PFIFX	0.59	0.44	0.39	0.76	0.35		0.43	0.88	0.8	0.53	PFIFX
PFISX	-0.06	-0.37	-0.06	0.54	0.98	0.43		0.6	0.2	-0.04	PFISX
PFIPX	0.61	0.43	0.52	0.9	0.5	0.88	0.6		0.86	0.58	PFIPX
SAIPX	0.92	0.8	0.79	0.78	0.1	0.8	0.2	0.86		0.9	SAIPX
PFLJX	0.99	0.87	0.87	0.53	-0.11	0.53	-0.04	0.58	0.9		PFLJX
	SABPX	SACAX	SAGPX	PFIJX	PFIEX	PFIFX	PFISX	PFIPX	SAIPX	PFLJX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PFLJX	+ 0.99	SABPX
PFISX	+ 0.98	PFIEX
SAIPX	+ 0.92	SABPX
PFIPX	+ 0.9	PFIJX
PFLJX	+ 0.9	SAIPX
PFIPX	+ 0.88	PFIFX

High negative correlations

PFIEX	- 0.43	SACAX
PFISX	- 0.37	SACAX
PFIEX	- 0.15	SAGPX
PFIEX	- 0.14	SABPX
PFLJX	- 0.11	PFIEX
PFISX	- 0.06	SAGPX

Risk-Adjusted Indicators

There is a big difference between Principal Mutual Fund performing well and Principal Lifetime 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 Principal Lifetime'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	0.43	(0.08)	0.00	1.40	0.00	0.00	0.58	(0.70)	3.34
SACAX	0.47	0.01	(0.01)	0.12	0.71	(0.48)	0.80	(0.79)	4.90
SAGPX	0.50	(0.10)	0.00	(0.14)	0.00	0.00	0.73	(0.82)	7.32
PFIJX	0.21	(0.04)	0.00	(0.16)	0.00	0.00	0.33	(0.41)	1.97
PFIEX	0.65	(0.10)	0.00	(2.76)	0.00	0.00	1.28	(1.41)	4.80
PFIFX	0.22	(0.03)	0.00	(0.95)	0.00	0.00	0.41	(0.41)	1.14
PFISX	0.62	(0.13)	0.00	(0.79)	0.00	0.00	1.64	(1.23)	4.97
PFIPX	0.22	(0.04)	0.00	(0.51)	0.00	0.00	0.41	(0.41)	1.88
SAIPX	0.28	(0.04)	0.00	(1.25)	0.00	0.00	0.55	(0.63)	2.27
PFLJX	0.56	(0.08)	0.00	1.41	0.00	0.00	1.03	(1.08)	4.50

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC