Pacific Funds Correlations

PLFDX Fund

USD 9.45 0.01 0.11%

The current 90-days correlation between Pacific Funds Floating and Pacific Funds Floating is -0.06 (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 Floating and DJI is 0.05 (i.e., Significant 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 small area income & poverty estimates.

Moving together with Pacific Mutual Fund

0.87	PLBCX	Pacific Funds Floating	Pair Corr
0.65	PLADX	Pacific Funds Short	Pair Corr
0.8	PLDSX	Pacific Funds Short	Pair Corr
0.71	PLCSX	Pacific Funds Short	Pair Corr
0.93	PLFLX	Pacific Funds Floating	Pair Corr
0.94	PLFRX	Pacific Funds Floating	Pair Corr
0.64	PLSDX	Pacific Funds Short	Pair Corr
0.79	PLUIX	Pacific Funds Ultra	Pair Corr
0.78	PLUDX	Pacific Funds Ultra	Pair Corr
0.62	PMADX	Pacific Funds Portfolio	Pair Corr
0.62	POCEX	Pacific Funds Portfolio	Pair Corr
0.68	POCAX	Pacific Funds Portfolio	Pair Corr
0.62	POEAX	Pacific Funds Portfolio	Pair Corr
0.67	POEDX	Pacific Funds Portfolio	Pair Corr
0.62	PODAX	Pacific Funds Portfolio	Pair Corr
0.66	POMDX	Pacific Funds Portfolio	Pair Corr
0.81	OOSYX	Oppenheimer Senior	Pair Corr
0.77	OOSIX	Oppenheimer Senior	Pair Corr
0.93	LFRIX	Floating Rate	Pair Corr
0.93	LARCX	Floating Rate	Pair Corr
0.94	LFRRX	Lord Abbett Inv	Pair Corr
0.93	LFRFX	Floating Rate	Pair Corr
0.94	LRRRX	Floating Rate	Pair Corr

Moving against Pacific Mutual Fund

0.6	UIPIX	Ultrashort Mid Cap	Pair Corr
0.59	PDI	Pimco Dynamic Income	Pair Corr
0.4	USPSX	Profunds Ultrashort	Pair Corr
0.39	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	PLFLX	PLFRX	EIBLX	PLIDX	PLIIX	WCPNX	PRFRX	VASIX	DNP	HSNAX
PLFLX		1.0	0.76	0.23	0.24	0.48	0.98	0.35	0.5	0.68	PLFLX
PLFRX	1.0		0.78	0.22	0.23	0.47	0.98	0.33	0.51	0.67	PLFRX
EIBLX	0.76	0.78		0.15	0.1	0.39	0.79	0.22	0.56	0.38	EIBLX
PLIDX	0.23	0.22	0.15		0.81	0.7	0.2	0.82	0.32	0.62	PLIDX
PLIIX	0.24	0.23	0.1	0.81		0.88	0.2	0.78	0.37	0.79	PLIIX
WCPNX	0.48	0.47	0.39	0.7	0.88		0.44	0.71	0.47	0.79	WCPNX
PRFRX	0.98	0.98	0.79	0.2	0.2	0.44		0.33	0.48	0.64	PRFRX
VASIX	0.35	0.33	0.22	0.82	0.78	0.71	0.33		0.37	0.73	VASIX
DNP	0.5	0.51	0.56	0.32	0.37	0.47	0.48	0.37		0.58	DNP
HSNAX	0.68	0.67	0.38	0.62	0.79	0.79	0.64	0.73	0.58		HSNAX
	PLFLX	PLFRX	EIBLX	PLIDX	PLIIX	WCPNX	PRFRX	VASIX	DNP	HSNAX

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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
PLFLX	0.05	0.01	0.00	0.29	0.00	0.00	0.11	(0.11)	0.75
PLFRX	0.07	0.01	(0.50)	0.29	0.00	(0.18)	0.11	(0.11)	0.75
EIBLX	0.05	(0.01)	(0.53)	(0.39)	0.07	(0.22)	0.12	(0.12)	0.74
PLIDX	0.14	0.00	(0.36)	0.09	0.10	(0.17)	0.31	(0.31)	0.72
PLIIX	0.12	0.00	(0.35)	0.11	0.07	(0.19)	0.21	(0.21)	0.72
WCPNX	0.13	0.00	(0.31)	0.07	0.11	(0.16)	0.31	(0.31)	0.82
PRFRX	0.07	0.01	(0.49)	0.27	0.00	(0.20)	0.11	(0.11)	0.77
VASIX	0.17	0.01	(0.26)	0.27	0.11	(0.20)	0.38	(0.26)	0.96
DNP	0.47	(0.01)	(0.10)	0.05	0.49	(0.56)	1.10	(0.90)	2.61
HSNAX	0.11	0.00	(0.28)	0.13	0.00	(0.15)	0.25	(0.25)	0.63

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