Pacific Funds Correlations

PLFDX Fund

USD 9.49 0.01 0.11%

The current 90-days correlation between Pacific Funds Floating and Pacific Funds Strategic is 0.11 (i.e., Average 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 Floating and DJI is -0.16 (i.e., Good 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

0.9	OOSYX	Oppenheimer Senior	Pair Corr
0.91	OOSIX	Oppenheimer Senior	Pair Corr
0.92	LFRIX	Floating Rate	Pair Corr
0.88	LARCX	Floating Rate	Pair Corr
0.92	LFRRX	Lord Abbett Inv	Pair Corr
0.93	LFRFX	Floating Rate	Pair Corr
0.9	LRRRX	Floating Rate	Pair Corr
0.93	LRRTX	Floating Rate	Pair Corr
0.92	LRRVX	Floating Rate	Pair Corr
0.93	LRRKX	Floating Rate	Pair Corr

Moving against Pacific Mutual Fund

0.52	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.45	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.43	LSHAX	Horizon Spin Off	Pair Corr
0.42	LSHUX	Horizon Spin Off	Pair Corr
0.42	LSHEX	Kinetics Spin Off	Pair Corr
0.4	KNPCX	Kinetics Paradigm	Pair Corr
0.38	KNPYX	Kinetics Paradigm	Pair Corr
0.38	KNPAX	Kinetics Paradigm	Pair Corr
0.37	WWNPX	Kinetics Paradigm	Pair Corr
0.57	TRV	The Travelers Companies	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.54	PG	Procter Gamble Sell-off Trend	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.47	VZ	Verizon Communications Aggressive Push	Pair Corr
0.45	LSHCX	Horizon Spin Off	Pair Corr
0.45	INTC	Intel	Pair Corr
0.44	XOM	Exxon Mobil Corp	Pair Corr
0.39	DD	Dupont De Nemours	Pair Corr
0.32	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	PLSFX	PLDSX	PLIDX	LDLFX	CPXIX
PLSFX		0.85	0.68	0.73	0.87	PLSFX
PLDSX	0.85		0.24	0.93	0.65	PLDSX
PLIDX	0.68	0.24		0.12	0.7	PLIDX
LDLFX	0.73	0.93	0.12		0.52	LDLFX
CPXIX	0.87	0.65	0.7	0.52		CPXIX
	PLSFX	PLDSX	PLIDX	LDLFX	CPXIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
PLSFX	0.12	0.00	(0.44)	0.08	0.06	(0.16)	0.19	(0.29)	0.77
PLDSX	0.08	0.01	(0.67)	0.71	0.00	(0.13)	0.20	(0.10)	0.49
PLIDX	0.20	(0.01)	(0.33)	(0.05)	0.22	(0.25)	0.42	(0.52)	1.36
LDLFX	0.12	0.02	(0.24)	5.15	0.00	(0.33)	0.26	(0.26)	0.79
CPXIX	0.13	0.00	(0.40)	0.04	0.11	(0.17)	0.25	(0.33)	0.82

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