Pacific Funds Correlations

POEDX Fund

USD 14.64 0.01 0.07%

The current 90-days correlation between Pacific Funds Portfolio and Saat Moderate Strategy is 0.11 (i.e., Average 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 poor diversification

The correlation between Pacific Funds Portfolio and DJI is 0.88 (i.e., Very poor 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

0.8	PLBCX	Pacific Funds Floating	Pair Corr
0.8	PLAHX	Pacific Funds High	Pair Corr
0.77	PLCHX	Pacific Funds High	Pair Corr
0.8	PLFLX	Pacific Funds Floating	Pair Corr
0.8	PLFRX	Pacific Funds Floating	Pair Corr
0.81	PLFDX	Pacific Funds Floating	Pair Corr
0.83	PLHYX	Pacific Funds High	Pair Corr
0.83	PLHIX	Pacific Funds High	Pair Corr
0.77	PLUIX	Pacific Funds Ultra	Pair Corr
0.77	PLUDX	Pacific Funds Ultra	Pair Corr
1.0	PMADX	Pacific Funds Portfolio	Pair Corr
0.81	PMCDX	Pacific Funds Portfolio	Pair Corr
1.0	POCEX	Pacific Funds Portfolio	Pair Corr
0.99	POCAX	Pacific Funds Portfolio	Pair Corr
0.86	POBAX	Pacific Funds Portfolio	Pair Corr
0.83	POBCX	Pacific Funds Portfolio	Pair Corr
1.0	POEAX	Pacific Funds Portfolio	Pair Corr
1.0	PODAX	Pacific Funds Portfolio	Pair Corr
1.0	PODCX	Pacific Funds Portfolio	Pair Corr
0.99	POMCX	Pacific Funds Portfolio	Pair Corr
0.99	POMDX	Pacific Funds Portfolio	Pair Corr
0.93	CGRGX	American Funds Growth	Pair Corr
0.93	FPGGX	American Funds Growth	Pair Corr
0.93	FGPGX	American Funds Growth	Pair Corr

Moving against Pacific Mutual Fund

0.62	PLNCX	Pacific Funds E	Pair Corr
0.6	PLIAX	Pacific Funds E	Pair Corr
0.59	PLIDX	Pacific Funds E	Pair Corr
0.58	PLIIX	Pacific Funds E	Pair Corr
0.69	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	SMOAX	FRTCX	JTSQX	TCTZX	BIMPX	SAMAX	JLMOX
SMOAX		0.78	0.46	0.78	0.88	0.23	0.91	SMOAX
FRTCX	0.78		0.78	0.98	0.85	0.57	0.87	FRTCX
JTSQX	0.46	0.78		0.79	0.69	0.86	0.71	JTSQX
TCTZX	0.78	0.98	0.79		0.84	0.56	0.86	TCTZX
BIMPX	0.88	0.85	0.69	0.84		0.57	0.96	BIMPX
SAMAX	0.23	0.57	0.86	0.56	0.57		0.59	SAMAX
JLMOX	0.91	0.87	0.71	0.86	0.96	0.59		JLMOX
	SMOAX	FRTCX	JTSQX	TCTZX	BIMPX	SAMAX	JLMOX

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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
SMOAX	0.20	0.00	(0.44)	0.09	0.19	(0.24)	0.34	(0.42)	1.10
FRTCX	0.22	(0.01)	(0.33)	0.06	0.22	(0.24)	0.39	(0.48)	1.14
JTSQX	0.50	(0.04)	(0.12)	0.06	0.63	(0.52)	1.12	(0.93)	3.11
TCTZX	0.25	(0.02)	(0.29)	0.04	0.28	(0.27)	0.60	(0.60)	1.33
BIMPX	0.25	0.00	(0.31)	0.11	0.25	(0.35)	0.68	(0.60)	1.58
SAMAX	0.42	0.06	(0.10)	0.75	0.44	(0.47)	0.85	(0.83)	2.62
JLMOX	0.25	0.00	(0.34)	0.12	0.28	(0.27)	0.55	(0.63)	1.35

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