Pacific Funds Correlations

PLCDX Fund

USD 10.44 0.02 0.19%

The current 90-days correlation between Pacific Funds Portfolio and Barings Emerging Markets is -0.03 (i.e., Good diversification). The correlation of Pacific Funds 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.

Pacific Funds Correlation With Market

Significant diversification

The correlation between Pacific Funds Portfolio and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds Portfolio 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 Pacific Funds Portfolio. 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 unemployment.

Moving together with Pacific Mutual Fund

0.71	PLADX	Pacific Funds Short	Pair Corr
0.69	PLDSX	Pacific Funds Short	Pair Corr
0.78	PLCNX	Pacific Funds Strategic	Pair Corr
0.68	PLCSX	Pacific Funds Short	Pair Corr
0.63	PLHYX	Pacific Funds High	Pair Corr
0.81	PLSDX	Pacific Funds Short	Pair Corr
0.9	PLSFX	Pacific Funds Strategic	Pair Corr
0.81	PLSTX	Pacific Funds Strategic	Pair Corr
0.91	PLSRX	Pacific Funds Strategic	Pair Corr
0.75	POAAX	Pacific Funds Portfolio	Pair Corr
0.99	POACX	Pacific Funds Portfolio	Pair Corr
0.82	POBAX	Pacific Funds Portfolio	Pair Corr
0.85	POBCX	Pacific Funds Portfolio	Pair Corr
0.96	FASIX	Fidelity Asset Manager	Pair Corr
0.96	FIKVX	Fidelity Asset Manager	Pair Corr
0.82	VASIX	Vanguard Lifestrategy	Pair Corr

Related Correlations Analysis

	BXECX	EMSLX	LAIXX	PWEAX	PIEFX	APDOX
BXECX		0.71	0.35	0.65	0.55	0.41	BXECX
EMSLX	0.71		0.15	0.96	0.92	0.49	EMSLX
LAIXX	0.35	0.15		0.27	0.25	0.53	LAIXX
PWEAX	0.65	0.96	0.27		0.96	0.62	PWEAX
PIEFX	0.55	0.92	0.25	0.96		0.68	PIEFX
APDOX	0.41	0.49	0.53	0.62	0.68		APDOX
	BXECX	EMSLX	LAIXX	PWEAX	PIEFX	APDOX

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Risk-Adjusted Indicators

There is a big difference between Pacific Mutual Fund performing well and Pacific Funds 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 Pacific Funds' 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
BXECX	0.26	(0.01)	(0.36)	0.02	0.24	(0.38)	0.67	(0.40)	1.45
EMSLX	0.72	(0.05)	0.00	(0.08)	0.00	0.00	1.76	(1.08)	6.36
LAIXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01
PWEAX	0.74	(0.01)	(0.09)	0.08	1.05	(0.73)	1.64	(1.76)	6.28
PIEFX	0.80	(0.06)	(0.10)	0.02	0.97	(0.93)	1.82	(1.45)	4.54
APDOX	0.14	0.03	(0.54)	0.48	0.00	(0.21)	0.39	(0.19)	0.78

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Pacific Funds Correlations

Pacific Funds Correlation With Market

Significant diversification

Moving together with Pacific Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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