Pacific Funds Correlations

PLEDX Fund

USD 8.70 0.01 0.12%

The current 90-days correlation between Pacific Funds Esg and Transamerica Emerging Markets is -0.1 (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

Good diversification

The correlation between Pacific Funds Esg and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds Esg 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 Esg. 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

0.62	ARAFX	Aristotle International	Pair Corr
0.61	ARIFX	Wilmington Intermediate-ter	Pair Corr
1.0	PLEBX	Pacific Funds Esg	Pair Corr
0.61	AIFFX	Aristotle International	Pair Corr
0.97	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.99	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
0.99	ABNDX	Bond Fund	Pair Corr
0.99	BFACX	Bond Fund	Pair Corr
0.99	FFBOX	American Funds	Pair Corr

Moving against Pacific Mutual Fund

0.76	ARAGX	Aristotle Funds Series	Pair Corr
0.76	AIGGX	Aristotle Growth Equity	Pair Corr
0.74	ARILX	Aristotle Funds Series	Pair Corr
0.72	ARALX	Aristotle Funds Series	Pair Corr
0.72	AILLX	Aristotle Funds Series	Pair Corr
0.6	ARIHX	Aristotle Funds Series	Pair Corr
0.6	PLUAX	Aristotle Funds Series	Pair Corr
0.6	AIHHX	Aristotle Funds Series	Pair Corr
0.59	ARAHX	Aristotle Funds Series	Pair Corr
0.49	ARIBX	Aristotle Funds Series	Pair Corr
0.49	ARRBX	Aristotle Funds Series	Pair Corr
0.49	AIBBX	Aristotle Funds Series	Pair Corr
0.48	ARABX	Aristotle Funds Series	Pair Corr
0.47	ARRQX	Aristotle Value Equity	Pair Corr
0.46	ARAQX	Aristotle Value Eq	Pair Corr
0.46	ARIQX	Aristotle Value Eq	Pair Corr
0.46	AIQQX	Aristotle Funds Series	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VFINX	Vanguard 500 Index	Pair Corr
0.71	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VSTSX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.71	FLCNX	Fidelity Contrafund	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.6	AISHX	Aristotle Funds Series	Pair Corr
0.48	AISBX	Ing Series Fund	Pair Corr

Related Correlations Analysis

	TEOJX	EPEIX	REMVX	QLMETX	ANGCX	RYMBX	MFTFX
TEOJX		0.94	0.93	0.26	0.01	0.74	-0.33	TEOJX
EPEIX	0.94		0.98	0.22	0.12	0.7	-0.31	EPEIX
REMVX	0.93	0.98		0.17	0.15	0.7	-0.2	REMVX
QLMETX	0.26	0.22	0.17		-0.61	0.38	-0.47	QLMETX
ANGCX	0.01	0.12	0.15	-0.61		-0.25	0.61	ANGCX
RYMBX	0.74	0.7	0.7	0.38	-0.25		-0.4	RYMBX
MFTFX	-0.33	-0.31	-0.2	-0.47	0.61	-0.4		MFTFX
	TEOJX	EPEIX	REMVX	QLMETX	ANGCX	RYMBX	MFTFX

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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

REMVX	+ 0.98	EPEIX
EPEIX	+ 0.94	TEOJX
REMVX	+ 0.93	TEOJX
RYMBX	+ 0.74	TEOJX
RYMBX	+ 0.7	EPEIX
RYMBX	+ 0.7	REMVX

High negative correlations

ANGCX	- 0.61	QLMETX
MFTFX	- 0.47	QLMETX
MFTFX	- 0.4	RYMBX
MFTFX	- 0.33	TEOJX
MFTFX	- 0.31	EPEIX
RYMBX	- 0.25	ANGCX

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
TEOJX	0.66	(0.02)	0.00	0.40	0.00	0.00	1.76	(1.83)	4.91
EPEIX	0.74	(0.02)	(0.12)	(0.05)	1.00	(0.76)	1.57	(1.61)	6.52
REMVX	0.85	(0.08)	0.00	(0.08)	0.00	0.00	1.74	(2.04)	6.85
QLMETX	0.47	0.02	(0.02)	0.15	0.33	(0.56)	0.88	(0.87)	3.24
ANGCX	0.10	(0.01)	(0.78)	0.44	0.11	(0.16)	0.23	(0.23)	0.70
RYMBX	0.94	(0.02)	0.00	0.40	0.00	0.00	1.84	(2.13)	4.53
MFTFX	0.97	(0.15)	0.00	(0.08)	0.00	0.00	1.70	(1.95)	5.42

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