PACIFIC Correlations

694308JQ1

85.10 3.68 4.15%

The current 90-days correlation between PACIFIC GAS ELECTRIC and Mativ Holdings is -0.13 (i.e., Good diversification). The correlation of PACIFIC 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.

PACIFIC Correlation With Market

Good diversification

The correlation between PACIFIC GAS ELECTRIC and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PACIFIC GAS ELECTRIC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PACIFIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PACIFIC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PACIFIC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PACIFIC GAS ELECTRIC to buy it.

Moving against PACIFIC Bond

0.77	DECK	Deckers Outdoor	Pair Corr
0.75	OZK	Bank Ozk Fiscal Year End 16th of January 2025	Pair Corr
0.75	OPFI	OppFi Inc Downward Rally	Pair Corr
0.74	WAVE	Eco Wave Power	Pair Corr
0.73	BR	Broadridge Financial	Pair Corr
0.73	VB	Vanguard Small Cap	Pair Corr
0.71	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.71	EOS	Eaton Vance Enhanced	Pair Corr
0.71	BDJ	Blackrock Enhanced Equity	Pair Corr
0.69	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.69	BTC	Grayscale Bitcoin Mini	Pair Corr
0.69	ETH	Grayscale Ethereum Mini	Pair Corr
0.67	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VFINX	Vanguard 500 Index	Pair Corr
0.64	FTNT	Fortinet	Pair Corr
0.64	CII	Blackrock Enhanced	Pair Corr
0.61	CRNT	Ceragon Networks	Pair Corr
0.59	HA	Hawaiian Holdings	Pair Corr
0.57	SNPS	Synopsys Earnings Call This Week	Pair Corr
0.51	AAPL	Apple Inc Aggressive Push	Pair Corr
0.46	OMIC	Singular Genomics Systems	Pair Corr
0.38	ZI	ZoomInfo Technologies	Pair Corr

Related Correlations Analysis

	MATV	VCTY	FSTR	ORGN	ECVT	TME	TITN	GAP
MATV		0.0	-0.75	0.81	-0.72	-0.29	-0.47	-0.45	MATV
VCTY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	VCTY
FSTR	-0.75	0.0		-0.65	0.77	0.0	0.6	0.63	FSTR
ORGN	0.81	0.0	-0.65		-0.72	-0.16	-0.38	-0.44	ORGN
ECVT	-0.72	0.0	0.77	-0.72		-0.01	0.54	0.52	ECVT
TME	-0.29	0.0	0.0	-0.16	-0.01		0.23	0.17	TME
TITN	-0.47	0.0	0.6	-0.38	0.54	0.23		0.8	TITN
GAP	-0.45	0.0	0.63	-0.44	0.52	0.17	0.8		GAP
	MATV	VCTY	FSTR	ORGN	ECVT	TME	TITN	GAP

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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

ORGN	+ 0.81	MATV
GAP	+ 0.8	TITN
ECVT	+ 0.77	FSTR
GAP	+ 0.63	FSTR
TITN	+ 0.6	FSTR
TITN	+ 0.54	ECVT

High negative correlations

FSTR	- 0.75	MATV
ECVT	- 0.72	ORGN
ECVT	- 0.72	MATV
ORGN	- 0.65	FSTR
TITN	- 0.47	MATV
GAP	- 0.45	MATV

Risk-Adjusted Indicators

There is a big difference between PACIFIC Bond performing well and PACIFIC Corporate Bond 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's 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
MATV	2.28	(0.70)	0.00	(0.22)	0.00	0.00	3.96	(4.87)	29.08
VCTY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSTR	2.10	0.41	0.25	0.35	1.59	(2.46)	6.37	(3.40)	14.55
ORGN	3.03	(0.27)	(0.03)	0.00	3.89	(4.00)	8.70	(6.71)	26.74
ECVT	1.79	0.03	0.05	0.15	1.60	(2.32)	4.55	(3.08)	17.08
TME	2.37	0.14	0.04	0.33	2.27	(3.02)	5.81	(4.81)	21.86
TITN	2.24	(0.18)	0.02	0.06	2.69	(2.43)	5.83	(4.18)	19.53
GAP	1.98	(0.01)	0.01	0.12	2.17	(2.27)	4.19	(3.80)	15.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in PACIFIC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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