Pacific Funds Correlations

PLHIX Fund

USD 9.33 0.01 0.11%

The current 90-days correlation between Pacific Funds High and Pacific Funds Floating is -0.05 (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

Very weak diversification

The correlation between Pacific Funds High and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds High 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 High. 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 gross domestic product.

Moving together with Pacific Mutual Fund

0.75	PLBCX	Pacific Funds Floating	Pair Corr
0.99	PLAHX	Pacific Funds High	Pair Corr
0.84	PLCHX	Pacific Funds High	Pair Corr
0.75	PLFLX	Pacific Funds Floating	Pair Corr
0.74	PLFRX	Pacific Funds Floating	Pair Corr
0.75	PLFDX	Pacific Funds Floating	Pair Corr
1.0	PLHYX	Pacific Funds High	Pair Corr
0.68	PLUIX	Pacific Funds Ultra	Pair Corr
0.79	PLUDX	Pacific Funds Ultra	Pair Corr
0.72	PMADX	Pacific Funds Portfolio	Pair Corr
0.85	PMCDX	Pacific Funds Portfolio	Pair Corr
0.65	POAAX	Pacific Funds Portfolio	Pair Corr
0.81	POCEX	Pacific Funds Portfolio	Pair Corr
0.86	POCAX	Pacific Funds Portfolio	Pair Corr
0.72	POBAX	Pacific Funds Portfolio	Pair Corr
0.85	POBCX	Pacific Funds Portfolio	Pair Corr
0.82	POEAX	Pacific Funds Portfolio	Pair Corr
0.82	POEDX	Pacific Funds Portfolio	Pair Corr
0.8	PODAX	Pacific Funds Portfolio	Pair Corr
0.83	PODCX	Pacific Funds Portfolio	Pair Corr
0.85	POMCX	Pacific Funds Portfolio	Pair Corr
0.74	POMDX	Pacific Funds Portfolio	Pair Corr
0.87	VWEAX	Vanguard High Yield	Pair Corr
0.87	VWEHX	Vanguard High Yield	Pair Corr
0.81	BHYCX	Blackrock Hi Yld	Pair Corr

Moving against Pacific Mutual Fund

0.9

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	PLBCX	PLADX	PLDSX	PLCDX	PLCNX	PLCHX	PLCSX	PLFLX	PLFRX
PLBCX		-0.1	-0.04	0.04	-0.13	0.56	-0.11	1.0	1.0	PLBCX
PLADX	-0.1		0.98	0.77	0.82	0.49	0.84	-0.1	-0.11	PLADX
PLDSX	-0.04	0.98		0.76	0.82	0.51	0.84	-0.03	-0.05	PLDSX
PLCDX	0.04	0.77	0.76		0.78	0.71	0.68	0.04	0.04	PLCDX
PLCNX	-0.13	0.82	0.82	0.78		0.44	0.9	-0.12	-0.15	PLCNX
PLCHX	0.56	0.49	0.51	0.71	0.44		0.41	0.56	0.56	PLCHX
PLCSX	-0.11	0.84	0.84	0.68	0.9	0.41		-0.09	-0.12	PLCSX
PLFLX	1.0	-0.1	-0.03	0.04	-0.12	0.56	-0.09		1.0	PLFLX
PLFRX	1.0	-0.11	-0.05	0.04	-0.15	0.56	-0.12	1.0		PLFRX
	PLBCX	PLADX	PLDSX	PLCDX	PLCNX	PLCHX	PLCSX	PLFLX	PLFRX

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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

PLFLX	+ 1.0	PLBCX
PLFRX	+ 1.0	PLBCX
PLFRX	+ 1.0	PLFLX
PLDSX	+ 0.98	PLADX
PLCSX	+ 0.9	PLCNX
PLCSX	+ 0.84	PLADX

High negative correlations

PLFRX	- 0.15	PLCNX
PLCNX	- 0.13	PLBCX
PLFRX	- 0.12	PLCSX
PLFLX	- 0.12	PLCNX
PLFRX	- 0.11	PLADX
PLCSX	- 0.11	PLBCX

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
PLBCX	0.06	0.02	0.00	1.35	0.00	0.00	0.11	0.00	0.75
PLADX	0.08	(0.01)	(0.95)	(3.01)	0.05	(0.12)	0.20	(0.10)	0.49
PLDSX	0.07	(0.01)	(0.95)	(0.24)	0.00	(0.12)	0.20	(0.10)	0.49
PLCDX	0.19	(0.01)	(0.46)	(0.09)	0.21	(0.22)	0.29	(0.38)	1.05
PLCNX	0.10	0.00	(0.71)	(0.28)	0.08	(0.14)	0.19	(0.19)	0.67
PLCHX	0.09	0.00	(0.70)	0.37	0.00	(0.14)	0.21	(0.21)	0.53
PLCSX	0.07	(0.01)	(0.91)	(0.27)	0.07	(0.11)	0.10	(0.20)	0.49
PLFLX	0.07	0.02	(0.85)	4.30	0.00	(0.25)	0.11	(0.11)	0.75
PLFRX	0.08	0.02	0.00	4.00	0.00	0.00	0.21	(0.11)	0.75

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