Pacific Funds Correlations

POACX Fund

USD 9.81 0.01 0.10%

The current 90-days correlation between Pacific Funds Portfolio and Pacific Funds Floating is 0.01 (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 0.56 (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 main economic indicators.

Moving together with Pacific Mutual Fund

0.61	PLAHX	Pacific Funds High	Pair Corr
0.8	PLADX	Pacific Funds Short	Pair Corr
0.78	PLDSX	Pacific Funds Short	Pair Corr
0.99	PLCDX	Pacific Funds Portfolio	Pair Corr
0.9	PLCNX	Pacific Funds Strategic	Pair Corr
0.64	PLCHX	Pacific Funds High	Pair Corr
0.79	PLCSX	Pacific Funds Short	Pair Corr
0.81	PLSDX	Pacific Funds Short	Pair Corr
0.91	PLSFX	Pacific Funds Strategic	Pair Corr
0.91	PLSTX	Pacific Funds Strategic	Pair Corr
0.91	PLSRX	Pacific Funds Strategic	Pair Corr
0.75	PMCDX	Pacific Funds Portfolio	Pair Corr
0.87	POAAX	Pacific Funds Portfolio	Pair Corr
0.76	POBAX	Pacific Funds Portfolio	Pair Corr
0.79	POBCX	Pacific Funds Portfolio	Pair Corr
0.98	FASIX	Fidelity Asset Manager	Pair Corr
0.98	FTIWX	Fidelity Asset Manager	Pair Corr
0.97	FTDWX	Fidelity Asset Manager	Pair Corr

Related Correlations Analysis

	PLBCX	PLAHX	PLDSX	PLCNX	PLCSX	PLFLX	PLFRX	PLFDX	PLHYX
PLBCX		0.71	0.08	-0.13	-0.16	1.0	1.0	1.0	0.75	PLBCX
PLAHX	0.71		0.59	0.49	0.42	0.71	0.7	0.7	0.99	PLAHX
PLDSX	0.08	0.59		0.91	0.95	0.08	0.06	0.04	0.55	PLDSX
PLCNX	-0.13	0.49	0.91		0.95	-0.12	-0.15	-0.15	0.45	PLCNX
PLCSX	-0.16	0.42	0.95	0.95		-0.15	-0.18	-0.19	0.37	PLCSX
PLFLX	1.0	0.71	0.08	-0.12	-0.15		1.0	1.0	0.75	PLFLX
PLFRX	1.0	0.7	0.06	-0.15	-0.18	1.0		1.0	0.74	PLFRX
PLFDX	1.0	0.7	0.04	-0.15	-0.19	1.0	1.0		0.74	PLFDX
PLHYX	0.75	0.99	0.55	0.45	0.37	0.75	0.74	0.74		PLHYX
	PLBCX	PLAHX	PLDSX	PLCNX	PLCSX	PLFLX	PLFRX	PLFDX	PLHYX

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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
PLFDX	+ 1.0	PLBCX
PLFRX	+ 1.0	PLFLX
PLFDX	+ 1.0	PLFLX
PLFDX	+ 1.0	PLFRX

High negative correlations

PLFDX	- 0.19	PLCSX
PLFRX	- 0.18	PLCSX
PLCSX	- 0.16	PLBCX
PLFLX	- 0.15	PLCSX
PLFDX	- 0.15	PLCNX
PLFRX	- 0.15	PLCNX

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
PLAHX	0.10	0.01	(0.61)	0.19	0.00	(0.15)	0.21	(0.21)	0.64
PLDSX	0.07	0.00	(0.93)	0.20	0.00	(0.12)	0.20	(0.10)	0.49
PLCNX	0.10	0.00	(0.71)	(0.28)	0.08	(0.14)	0.19	(0.19)	0.67
PLCSX	0.07	0.00	(0.88)	0.42	0.05	(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
PLFDX	0.08	0.02	(0.85)	0.97	0.00	(0.23)	0.11	(0.11)	0.85
PLHYX	0.10	0.01	(0.59)	0.23	0.00	(0.14)	0.21	(0.21)	0.64

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