Pacific Funds Correlations

POEAX Fund

USD 14.15 0.03 0.21%

The current 90-days correlation between Pacific Funds Portfolio and Deutsche Health And is 0.5 (i.e., Very weak 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 nation.

Moving together with Pacific Mutual Fund

0.71	CGRGX	American Funds Growth	Pair Corr
0.71	FPGGX	American Funds Growth	Pair Corr
0.71	FGPGX	American Funds Growth	Pair Corr
0.61	MUTHX	Franklin Mutual Shares	Pair Corr
0.61	TESRX	Franklin Mutual Shares	Pair Corr
0.61	FMSHX	Franklin Mutual Shares	Pair Corr
0.7	GWPCX	American Funds Growth	Pair Corr
0.71	GWPFX	American Funds Growth	Pair Corr
0.71	GWPAX	American Funds Growth	Pair Corr
0.71	CGQGX	American Funds Growth	Pair Corr
0.71	BRUFX	Bruce Fund Bruce	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	SUHAX	XBMZX	RYHIX	JEHSX	HHCZX	HBGHX	SCHLX
SUHAX		0.81	0.94	0.97	0.79	0.98	0.95	SUHAX
XBMZX	0.81		0.85	0.88	0.52	0.84	0.89	XBMZX
RYHIX	0.94	0.85		0.89	0.8	0.91	0.97	RYHIX
JEHSX	0.97	0.88	0.89		0.72	0.98	0.92	JEHSX
HHCZX	0.79	0.52	0.8	0.72		0.75	0.71	HHCZX
HBGHX	0.98	0.84	0.91	0.98	0.75		0.93	HBGHX
SCHLX	0.95	0.89	0.97	0.92	0.71	0.93		SCHLX
	SUHAX	XBMZX	RYHIX	JEHSX	HHCZX	HBGHX	SCHLX

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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
SUHAX	0.66	(0.03)	(0.09)	0.01	0.86	(0.67)	1.26	(1.61)	3.10
XBMZX	0.72	(0.02)	(0.07)	(0.06)	1.24	(0.66)	1.26	(1.44)	6.13
RYHIX	0.66	0.02	(0.07)	0.39	0.89	(0.66)	1.26	(1.30)	3.55
JEHSX	0.80	(0.05)	(0.08)	(0.02)	1.18	(0.78)	1.26	(1.89)	4.62
HHCZX	0.14	0.00	(0.39)	0.08	0.09	(0.20)	0.30	(0.24)	1.15
HBGHX	0.70	(0.06)	0.00	(0.04)	0.00	0.00	1.39	(1.60)	3.63
SCHLX	0.65	0.00	(0.09)	0.44	0.86	(0.66)	1.27	(1.60)	3.10

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Pacific Funds Correlations

Pacific Funds Correlation With Market

Very weak diversification

Moving together with Pacific Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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