Pacific Funds Correlations

Mutual Funds . USA . 
Fund . Pacific Funds High
PLHYX Fund  USD 9.48  0.01  0.11%   
The current 90-days correlation between Pacific Funds High and Vanguard High Yield Corporate is 0.52 (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 High and DJI is 0.44 (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 High 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 High. 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 manufacturing.

Moving together with Pacific Mutual Fund

  0.68PLBCX Pacific Funds FloatingPairCorr
  0.99PLAHX Pacific Funds HighPairCorr
  0.98PLCHX Pacific Funds HighPairCorr
  0.69PLFLX Pacific Funds FloatingPairCorr
  0.68PLFRX Pacific Funds FloatingPairCorr
  0.69PLFDX Pacific Funds FloatingPairCorr
  1.0PLHIX Pacific Funds HighPairCorr
  0.73PLUIX Pacific Funds UltraPairCorr
  0.73PLUDX Pacific Funds UltraPairCorr
  0.84PMADX Pacific Funds PortfolioPairCorr
  0.86PMCDX Pacific Funds PortfolioPairCorr
  0.63POAAX Pacific Funds PortfolioPairCorr
  0.82POCEX Pacific Funds PortfolioPairCorr
  0.85POCAX Pacific Funds PortfolioPairCorr
  0.84POBCX Pacific Funds PortfolioPairCorr
  0.82POEAX Pacific Funds PortfolioPairCorr
  0.82POEDX Pacific Funds PortfolioPairCorr
  0.83PODAX Pacific Funds PortfolioPairCorr
  0.85POMDX Pacific Funds PortfolioPairCorr
  0.83VWEAX Vanguard High YieldPairCorr
  0.83VWEHX Vanguard High YieldPairCorr
  0.92BHYCX Blackrock Hi YldPairCorr
  0.92BHYIX Blackrock High YieldPairCorr
  0.92BHYSX Blackrock Hi YldPairCorr
  0.91BHYAX Blackrock High YieldPairCorr
  0.93FAHHX American Funds AmericanPairCorr
  0.93FTAHX American Funds AmericanPairCorr
  0.93AHTFX American High IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
VWEAX  0.10  0.01 (0.52) 0.39  0.00 
(0.23)
 0.37 
(0.18)
 0.74 
VWEHX  0.10  0.01 (0.53) 0.33  0.00 
(0.22)
 0.19 
(0.18)
 0.73 
BHYCX  0.11  0.01 (0.56) 0.27  0.00 
(0.20)
 0.28 
(0.28)
 0.85 
BHYIX  0.12  0.01 (0.48) 0.25  0.00 
(0.21)
 0.28 
(0.28)
 0.85 
BHYSX  0.14  0.01 (0.53) 0.24  0.00 
(0.20)
 0.28 
(0.28)
 0.85 
BHYAX  0.13  0.01 (0.52) 0.25  0.00 
(0.21)
 0.28 
(0.28)
 0.85 
FAHHX  0.13  0.01 (0.62) 0.31  0.00 
(0.20)
 0.31 
(0.20)
 0.92 
FTAHX  0.13  0.01 (0.66) 0.32  0.00 
(0.20)
 0.31 
(0.20)
 0.83 
AHTFX  0.13  0.01 (0.62) 0.31  0.00 
(0.20)
 0.31 
(0.20)
 0.93 
AHTCX  0.13  0.01 (0.64) 0.27  0.00 
(0.19)
 0.31 
(0.20)
 0.83 

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