Pacific Funds Correlations

PMADX Fund

USD 13.09 0.07 0.54%

The current 90-days correlation between Pacific Funds Portfolio and Pacific Funds Floating is 0.09 (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 weak diversification

The correlation between Pacific Funds Portfolio and DJI is 0.41 (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 Portfolio 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 Portfolio. 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

0.68	PLAHX	Pacific Funds High	Pair Corr
0.95	PLCDX	Pacific Funds Portfolio	Pair Corr
0.83	PLCNX	Pacific Funds Strategic	Pair Corr
0.65	PLCHX	Pacific Funds High	Pair Corr
0.68	PLHYX	Pacific Funds High	Pair Corr
0.68	PLIAX	Pacific Funds E	Pair Corr
0.69	PLIIX	Pacific Funds E	Pair Corr
0.68	PLIDX	Pacific Funds E	Pair Corr
0.66	PLHIX	Pacific Funds High	Pair Corr
0.8	PLSFX	Pacific Funds Strategic	Pair Corr
0.8	PLSTX	Pacific Funds Strategic	Pair Corr
0.88	PMCDX	Pacific Funds Portfolio	Pair Corr
0.94	POAAX	Pacific Funds Portfolio	Pair Corr
0.83	POACX	Pacific Funds Portfolio	Pair Corr
0.9	POCEX	Pacific Funds Portfolio	Pair Corr
0.89	POCAX	Pacific Funds Portfolio	Pair Corr
0.88	POBAX	Pacific Funds Portfolio	Pair Corr
0.87	POBCX	Pacific Funds Portfolio	Pair Corr
0.9	POEAX	Pacific Funds Portfolio	Pair Corr
1.0	POEDX	Pacific Funds Portfolio	Pair Corr
1.0	PODAX	Pacific Funds Portfolio	Pair Corr
1.0	PODCX	Pacific Funds Portfolio	Pair Corr
1.0	POMCX	Pacific Funds Portfolio	Pair Corr
1.0	POMDX	Pacific Funds Portfolio	Pair Corr
0.85	FFIFX	American Funds	Pair Corr
0.65	FAIFX	American Funds	Pair Corr
0.62	IFACX	Income Fund	Pair Corr

Moving against Pacific Mutual Fund

0.33	GSMHX	Gmo Sgm Major	Pair Corr
0.33	GSMFX	Gmo Sgm Major	Pair Corr

Related Correlations Analysis

	PLBCX	PLAHX	PLADX	PLDSX	PLCDX	PLCNX	PLCHX	PLCSX	PLFLX	PLFRX
PLBCX		0.81	0.84	0.86	0.14	0.47	0.74	0.76	1.0	0.97	PLBCX
PLAHX	0.81		0.9	0.89	0.6	0.81	0.93	0.9	0.81	0.82	PLAHX
PLADX	0.84	0.9		0.99	0.44	0.74	0.9	0.92	0.84	0.83	PLADX
PLDSX	0.86	0.89	0.99		0.39	0.71	0.89	0.92	0.86	0.85	PLDSX
PLCDX	0.14	0.6	0.44	0.39		0.9	0.59	0.6	0.14	0.14	PLCDX
PLCNX	0.47	0.81	0.74	0.71	0.9		0.8	0.84	0.47	0.46	PLCNX
PLCHX	0.74	0.93	0.9	0.89	0.59	0.8		0.84	0.74	0.75	PLCHX
PLCSX	0.76	0.9	0.92	0.92	0.6	0.84	0.84		0.76	0.74	PLCSX
PLFLX	1.0	0.81	0.84	0.86	0.14	0.47	0.74	0.76		0.97	PLFLX
PLFRX	0.97	0.82	0.83	0.85	0.14	0.46	0.75	0.74	0.97		PLFRX
	PLBCX	PLAHX	PLADX	PLDSX	PLCDX	PLCNX	PLCHX	PLCSX	PLFLX	PLFRX

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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
PLBCX	0.06	0.01	(0.68)	(8.45)	0.00	(0.23)	0.11	(0.11)	0.75
PLAHX	0.12	0.01	(0.39)	0.32	0.00	(0.15)	0.21	(0.21)	0.64
PLADX	0.07	0.00	(0.66)	0.00	0.00	(0.14)	0.20	(0.10)	0.49
PLDSX	0.07	0.01	(0.71)	(1.30)	0.00	(0.14)	0.20	(0.10)	0.49
PLCDX	0.23	(0.01)	(0.24)	0.05	0.28	(0.27)	0.50	(0.50)	1.79
PLCNX	0.11	0.00	(0.50)	0.04	0.06	(0.16)	0.19	(0.19)	0.77
PLCHX	0.12	0.01	(0.34)	0.64	0.00	(0.14)	0.21	(0.32)	0.64
PLCSX	0.07	0.00	(0.63)	0.02	0.00	(0.13)	0.20	(0.10)	0.49
PLFLX	0.07	0.01	(0.66)	1.25	0.00	(0.27)	0.11	(0.11)	0.75
PLFRX	0.08	0.02	(0.63)	(2.08)	0.00	(0.26)	0.21	(0.11)	0.75

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