Pacific Funds Correlations

PLIIX Fund

USD 9.66 0.01 0.10%

The current 90-days correlation between Pacific Funds E and Lord Abbett Bond is 0.72 (i.e., Poor 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 E and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds E 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 E. 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

0.67	PLADX	Pacific Funds Short	Pair Corr
0.62	PLDSX	Pacific Funds Short	Pair Corr
0.77	PLCNX	Pacific Funds Strategic	Pair Corr
0.78	PLCSX	Pacific Funds Short	Pair Corr
0.96	PLIAX	Pacific Funds E	Pair Corr
1.0	PLIDX	Pacific Funds E	Pair Corr
0.96	PLNCX	Pacific Funds E	Pair Corr
0.68	PLSFX	Pacific Funds Strategic	Pair Corr
0.69	PLSTX	Pacific Funds Strategic	Pair Corr
0.98	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr

Moving against Pacific Mutual Fund

0.69	PLFDX	Pacific Funds Floating	Pair Corr
0.68	PLFRX	Pacific Funds Floating	Pair Corr
0.67	PLBCX	Pacific Funds Floating	Pair Corr
0.67	PLFLX	Pacific Funds Floating	Pair Corr
0.57	PLUIX	Pacific Funds Ultra	Pair Corr
0.57	PLUDX	Pacific Funds Ultra	Pair Corr
0.53	PMADX	Pacific Funds Portfolio	Pair Corr
0.67	VSTSX	Vanguard Total Stock	Pair Corr
0.67	VSMPX	Vanguard Total Stock	Pair Corr
0.67	VITSX	Vanguard Total Stock	Pair Corr
0.66	VFFSX	Vanguard 500 Index	Pair Corr
0.66	VFIAX	Vanguard 500 Index	Pair Corr
0.58	POEDX	Pacific Funds Portfolio	Pair Corr
0.57	POCEX	Pacific Funds Portfolio	Pair Corr
0.57	POEAX	Pacific Funds Portfolio	Pair Corr
0.53	PODAX	Pacific Funds Portfolio	Pair Corr
0.52	PODCX	Pacific Funds Portfolio	Pair Corr
0.46	POCAX	Pacific Funds Portfolio	Pair Corr
0.46	POMDX	Pacific Funds Portfolio	Pair Corr
0.44	POMCX	Pacific Funds Portfolio	Pair Corr

Related Correlations Analysis

	LBNOX	PLSDX	LTROX	HBLFX	CPBFX
LBNOX		0.86	0.32	0.71	0.33	LBNOX
PLSDX	0.86		0.52	0.66	0.52	PLSDX
LTROX	0.32	0.52		0.13	1.0	LTROX
HBLFX	0.71	0.66	0.13		0.16	HBLFX
CPBFX	0.33	0.52	1.0	0.16		CPBFX
	LBNOX	PLSDX	LTROX	HBLFX	CPBFX

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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
LBNOX	0.15	0.01	(0.40)	0.40	0.00	(0.21)	0.28	(0.28)	0.98
PLSDX	0.08	0.00	(0.97)	(0.59)	0.00	(0.12)	0.20	(0.10)	0.49
LTROX	0.20	(0.01)	0.00	0.30	0.00	0.00	0.45	(0.57)	1.48
HBLFX	0.24	0.01	(0.33)	0.41	0.25	(0.26)	0.46	(0.40)	1.52
CPBFX	0.19	(0.02)	0.00	0.61	0.00	0.00	0.33	(0.54)	1.09

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