Pacific Funds Correlations

PLFDX Fund

USD 9.33 0.01 0.11%

The current 90-days correlation between Pacific Funds Floating and The Hartford Strategic is 0.04 (i.e., Significant 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

Very poor diversification

The correlation between Pacific Funds Floating and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds Floating 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 Floating. 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

0.95	PLBCX	Pacific Funds Floating	Pair Corr
0.82	PLAHX	Pacific Funds High	Pair Corr
0.79	PLADX	Pacific Funds Short	Pair Corr
0.78	PLDSX	Pacific Funds Short	Pair Corr
0.78	PLCDX	Pacific Funds Portfolio	Pair Corr
0.81	PLCNX	Pacific Funds Strategic	Pair Corr
0.82	PLCHX	Pacific Funds High	Pair Corr
0.79	PLCSX	Pacific Funds Short	Pair Corr
0.99	PLFLX	Pacific Funds Floating	Pair Corr
1.0	PLFRX	Pacific Funds Floating	Pair Corr
0.83	PLHYX	Pacific Funds High	Pair Corr
0.63	PLIAX	Pacific Funds E	Pair Corr
0.65	PLIIX	Pacific Funds E	Pair Corr
0.83	PLHIX	Pacific Funds High	Pair Corr
0.8	PLSDX	Pacific Funds Short	Pair Corr
0.79	PLSFX	Pacific Funds Strategic	Pair Corr
0.82	PLSTX	Pacific Funds Strategic	Pair Corr
0.79	PLSRX	Pacific Funds Strategic	Pair Corr
0.83	PLUIX	Pacific Funds Ultra	Pair Corr
0.83	PLUDX	Pacific Funds Ultra	Pair Corr
0.86	PMADX	Pacific Funds Portfolio	Pair Corr
0.79	PMCDX	Pacific Funds Portfolio	Pair Corr
0.79	POAAX	Pacific Funds Portfolio	Pair Corr
0.77	POACX	Pacific Funds Portfolio	Pair Corr
0.86	POCEX	Pacific Funds Portfolio	Pair Corr
0.87	POCAX	Pacific Funds Portfolio	Pair Corr
0.8	POBAX	Pacific Funds Portfolio	Pair Corr
0.79	POBCX	Pacific Funds Portfolio	Pair Corr
0.85	POEAX	Pacific Funds Portfolio	Pair Corr
0.86	POEDX	Pacific Funds Portfolio	Pair Corr
0.85	PODAX	Pacific Funds Portfolio	Pair Corr
0.86	PODCX	Pacific Funds Portfolio	Pair Corr
0.87	POMCX	Pacific Funds Portfolio	Pair Corr
0.87	POMDX	Pacific Funds Portfolio	Pair Corr
0.8	OOSYX	Oppenheimer Senior	Pair Corr
0.81	OOSIX	Oppenheimer Senior	Pair Corr
0.94	LFRIX	Floating Rate	Pair Corr

Moving against Pacific Mutual Fund

0.78	TCTGX	Transamerica Cleartrack	Pair Corr
0.78	TCTJX	Transamerica Cleartrack	Pair Corr
0.77	TDKTX	Cleartrack 2015 Class	Pair Corr
0.77	TCSUX	Cleartrack 2020 Class	Pair Corr
0.5	USPSX	Profunds Ultrashort	Pair Corr
0.48	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	PLFLX	PLFRX	EIBLX	PLIDX	PLIIX	WCPNX	PRFRX	VASIX	DNP	HSNAX
PLFLX		0.99	0.81	0.59	0.65	0.63	0.97	0.7	-0.03	0.72	PLFLX
PLFRX	0.99		0.82	0.58	0.65	0.62	0.97	0.71	-0.01	0.72	PLFRX
EIBLX	0.81	0.82		0.32	0.42	0.35	0.81	0.39	-0.29	0.37	EIBLX
PLIDX	0.59	0.58	0.32		0.86	0.92	0.58	0.88	0.53	0.83	PLIDX
PLIIX	0.65	0.65	0.42	0.86		0.84	0.65	0.85	0.48	0.88	PLIIX
WCPNX	0.63	0.62	0.35	0.92	0.84		0.59	0.92	0.61	0.89	WCPNX
PRFRX	0.97	0.97	0.81	0.58	0.65	0.59		0.7	-0.03	0.7	PRFRX
VASIX	0.7	0.71	0.39	0.88	0.85	0.92	0.7		0.58	0.96	VASIX
DNP	-0.03	-0.01	-0.29	0.53	0.48	0.61	-0.03	0.58		0.56	DNP
HSNAX	0.72	0.72	0.37	0.83	0.88	0.89	0.7	0.96	0.56		HSNAX
	PLFLX	PLFRX	EIBLX	PLIDX	PLIIX	WCPNX	PRFRX	VASIX	DNP	HSNAX

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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

PLFRX	+ 0.99	PLFLX
PRFRX	+ 0.97	PLFLX
PRFRX	+ 0.97	PLFRX
HSNAX	+ 0.96	VASIX
WCPNX	+ 0.92	PLIDX
VASIX	+ 0.92	WCPNX

High negative correlations

DNP	- 0.29	EIBLX
DNP	- 0.03	PRFRX
DNP	- 0.03	PLFLX
DNP	- 0.01	PLFRX

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
PLFLX	0.06	0.00	(0.45)	(0.11)	0.00	(0.31)	0.11	(0.21)	0.86
PLFRX	0.09	0.00	(0.45)	0.00	0.00	(0.19)	0.11	(0.21)	0.97
EIBLX	0.07	(0.01)	(0.53)	(0.29)	0.08	(0.20)	0.13	(0.12)	0.87
PLIDX	0.15	0.01	(0.33)	0.28	0.00	(0.20)	0.31	(0.21)	0.72
PLIIX	0.13	0.00	(0.35)	0.11	0.05	(0.19)	0.31	(0.21)	0.72
WCPNX	0.14	0.01	(0.29)	0.46	0.00	(0.18)	0.31	(0.31)	0.62
PRFRX	0.07	0.00	(0.49)	0.00	0.00	(0.21)	0.11	(0.11)	0.87
VASIX	0.16	0.01	(0.17)	0.13	0.06	(0.20)	0.38	(0.25)	1.08
DNP	0.43	0.04	(0.04)	0.48	0.45	(0.49)	1.02	(0.91)	2.31
HSNAX	0.10	0.01	(0.24)	0.34	0.00	(0.17)	0.25	(0.25)	0.63

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