Pacific Funds Correlations

Mutual Funds . USA . 
Fund . Pacific Funds Portfolio
PODCX Fund  USD 12.56  0.01  0.08%   
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

Almost no diversification

The correlation between Pacific Funds Portfolio and DJI is 0.91 (i.e., Almost no 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

  0.98PLBCX Pacific Funds FloatingPairCorr
  0.98PLAHX Pacific Funds HighPairCorr
  0.94PLADX Pacific Funds ShortPairCorr
  0.92PLDSX Pacific Funds ShortPairCorr
  0.98PLCDX Pacific Funds PortfolioPairCorr
  0.96PLCNX Pacific Funds StrategicPairCorr
  0.98PLCHX Pacific Funds HighPairCorr
  0.92PLCSX Pacific Funds ShortPairCorr
  0.97PLFLX Pacific Funds FloatingPairCorr
  0.97PLFRX Pacific Funds FloatingPairCorr
  0.97PLFDX Pacific Funds FloatingPairCorr
  0.99PLHYX Pacific Funds HighPairCorr
  0.82PLIAX Pacific Funds EPairCorr
  0.83PLIIX Pacific Funds EPairCorr
  0.81PLIDX Pacific Funds EPairCorr
  0.98PLHIX Pacific Funds HighPairCorr
  0.8PLNCX Pacific Funds EPairCorr
  0.93PLSDX Pacific Funds ShortPairCorr
  0.96PLSFX Pacific Funds StrategicPairCorr
  0.96PLSTX Pacific Funds StrategicPairCorr
  0.96PLSRX Pacific Funds StrategicPairCorr
  0.95PLUIX Pacific Funds UltraPairCorr
  0.95PLUDX Pacific Funds UltraPairCorr
  0.99PMADX Pacific Funds PortfolioPairCorr
  1.0PMCDX Pacific Funds PortfolioPairCorr
  0.98POAAX Pacific Funds PortfolioPairCorr
  0.99POACX Pacific Funds PortfolioPairCorr
  0.99POCEX Pacific Funds PortfolioPairCorr
  1.0POCAX Pacific Funds PortfolioPairCorr
  1.0POBAX Pacific Funds PortfolioPairCorr
  0.99POBCX Pacific Funds PortfolioPairCorr
  1.0POEDX Pacific Funds PortfolioPairCorr
  0.99PODAX Pacific Funds PortfolioPairCorr
  0.99POMCX Pacific Funds PortfolioPairCorr
  1.0POMDX Pacific Funds PortfolioPairCorr
  0.99FFIFX American FundsPairCorr
  0.99FAIFX American FundsPairCorr
  0.99IFACX Income FundPairCorr
  0.98IFAFX Income FundPairCorr

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 (0.79) 17.72  0.00 
(0.17)
 0.33 
(0.11)
 0.65 
PLAHX  0.14  0.08 (0.36)(2.26) 0.00 
(0.22)
 0.33 
(0.21)
 0.87 
PLADX  0.08  0.02 (1.03) 5.09  0.00 
(0.11)
 0.20 
(0.10)
 0.39 
PLDSX  0.07  0.00 (1.14) 0.00  0.00 
(0.12)
 0.20 
(0.10)
 0.30 
PLCDX  0.22  0.09 (0.14)(2.31) 0.00 
(0.30)
 0.60 
(0.38)
 1.51 
PLCNX  0.12  0.05 (0.44)(2.70) 0.00 
(0.16)
 0.29 
(0.19)
 0.78 
PLCHX  0.14  0.07 (0.31)(1.99) 0.00 
(0.21)
 0.33 
(0.22)
 0.98 
PLCSX  0.08  0.02 (0.88) 6.04  0.00 
(0.12)
 0.20 
(0.10)
 0.40 
PLFLX  0.09  0.05 (0.76)(2.61) 0.00 
(0.18)
 0.33 
(0.11)
 0.75 
PLFRX  0.09  0.05  0.00 (27.86) 0.00 
 0.00 
 0.33 
(0.11)
 0.76 

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