Pacific Funds Correlations

Mutual Funds . USA . 
Fund . Pacific Funds E
PLIIX Fund  USD 9.62  0.02  0.21%   
The current 90-days correlation between Pacific Funds E and Pacific Funds Floating is 0.25 (i.e., Modest 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

Modest diversification

The correlation between Pacific Funds E and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds E 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 E. 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 gross domestic product.

Moving together with Pacific Mutual Fund

  0.85PLBCX Pacific Funds FloatingPairCorr
  0.88PLAHX Pacific Funds HighPairCorr
  0.94PLADX Pacific Funds ShortPairCorr
  0.95PLDSX Pacific Funds ShortPairCorr
  0.91PLCDX Pacific Funds PortfolioPairCorr
  0.93PLCNX Pacific Funds StrategicPairCorr
  0.87PLCHX Pacific Funds HighPairCorr
  0.95PLCSX Pacific Funds ShortPairCorr
  0.85PLFLX Pacific Funds FloatingPairCorr
  0.85PLFRX Pacific Funds FloatingPairCorr
  0.85PLFDX Pacific Funds FloatingPairCorr
  0.88PLHYX Pacific Funds HighPairCorr
  1.0PLIAX Pacific Funds EPairCorr
  1.0PLIDX Pacific Funds EPairCorr
  0.88PLHIX Pacific Funds HighPairCorr
  1.0PLNCX Pacific Funds EPairCorr
  0.95PLSDX Pacific Funds ShortPairCorr
  0.94PLSFX Pacific Funds StrategicPairCorr
  0.93PLSTX Pacific Funds StrategicPairCorr
  0.93PLSRX Pacific Funds StrategicPairCorr
  0.89PLUIX Pacific Funds UltraPairCorr
  0.88PLUDX Pacific Funds UltraPairCorr
  0.83PMADX Pacific Funds PortfolioPairCorr
  0.87PMCDX Pacific Funds PortfolioPairCorr
  0.91POAAX Pacific Funds PortfolioPairCorr
  0.91POACX Pacific Funds PortfolioPairCorr
  0.82POCEX Pacific Funds PortfolioPairCorr
  0.84POCAX Pacific Funds PortfolioPairCorr
  0.87POBAX Pacific Funds PortfolioPairCorr
  0.87POBCX Pacific Funds PortfolioPairCorr
  0.82POEAX Pacific Funds PortfolioPairCorr
  0.82POEDX Pacific Funds PortfolioPairCorr
  0.83PODAX Pacific Funds PortfolioPairCorr
  0.83PODCX Pacific Funds PortfolioPairCorr
  0.84POMCX Pacific Funds PortfolioPairCorr
  0.84POMDX Pacific Funds PortfolioPairCorr
  0.93MWTNX Metropolitan West TotalPairCorr
  0.94MWTSX Metropolitan West TotalPairCorr
  0.96PTTPX Pimco Total ReturnPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PLBCX  0.09  0.04 (0.74) 0.96  0.00 
(0.17)
 0.33 
(0.11)
 0.65 
PLAHX  0.14  0.06 (0.33) 0.62  0.00 
(0.22)
 0.33 
(0.21)
 0.87 
PLADX  0.08  0.02 (0.99) 14.17  0.00 
(0.11)
 0.20 
(0.10)
 0.39 
PLDSX  0.07  0.02 (1.09) 7.08  0.00 
(0.12)
 0.20 
(0.10)
 0.30 
PLCDX  0.22  0.05 (0.13) 0.31  0.00 
(0.30)
 0.60 
(0.38)
 1.51 
PLCNX  0.12  0.04 (0.42) 0.75  0.00 
(0.16)
 0.29 
(0.19)
 0.78 
PLCHX  0.14  0.05 (0.29) 0.56  0.00 
(0.21)
 0.33 
(0.22)
 0.98 
PLCSX  0.08  0.02 (0.84)(3.02) 0.00 
(0.12)
 0.20 
(0.10)
 0.40 
PLFLX  0.09  0.04 (0.72) 0.89  0.00 
(0.18)
 0.33 
(0.11)
 0.75 
PLFRX  0.09  0.04  0.00  0.82  0.00 
 0.00 
 0.33 
(0.11)
 0.76 

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