Pacific Funds Correlations

PLSFX Fund

USD 10.59 0.03 0.28%

The current 90-days correlation between Pacific Funds Strategic and Pacific Funds Floating 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

Average diversification

The correlation between Pacific Funds Strategic and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds Strategic 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 Strategic. 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 census.

Moving together with Pacific Mutual Fund

0.86	PLADX	Pacific Funds Short	Pair Corr
0.87	PLDSX	Pacific Funds Short	Pair Corr
0.77	PLCDX	Pacific Funds Portfolio	Pair Corr
0.97	PLCNX	Pacific Funds Strategic	Pair Corr
0.84	PLCSX	Pacific Funds Short	Pair Corr
0.71	PLIAX	Pacific Funds E	Pair Corr
0.73	PLIIX	Pacific Funds E	Pair Corr
0.69	PLIDX	Pacific Funds E	Pair Corr
0.7	PLNCX	Pacific Funds E	Pair Corr
0.84	PLSDX	Pacific Funds Short	Pair Corr
0.89	PLSTX	Pacific Funds Strategic	Pair Corr
0.99	PLSRX	Pacific Funds Strategic	Pair Corr
0.83	POAAX	Pacific Funds Portfolio	Pair Corr
0.8	POACX	Pacific Funds Portfolio	Pair Corr
0.83	PONAX	Pimco Income	Pair Corr
0.83	PONCX	Pimco Income	Pair Corr
0.86	PIPNX	Pimco Income	Pair Corr

Related Correlations Analysis

	PLBCX	PLAHX	PLADX	PLDSX	PLCDX	PLCNX	PLCHX	PLCSX	PLFLX	PLFRX
PLBCX		0.62	-0.25	-0.21	0.12	-0.35	0.57	-0.43	1.0	1.0	PLBCX
PLAHX	0.62		0.43	0.44	0.67	0.37	0.99	0.27	0.62	0.61	PLAHX
PLADX	-0.25	0.43		0.98	0.72	0.86	0.46	0.96	-0.25	-0.27	PLADX
PLDSX	-0.21	0.44	0.98		0.7	0.85	0.47	0.95	-0.21	-0.23	PLDSX
PLCDX	0.12	0.67	0.72	0.7		0.73	0.7	0.65	0.12	0.1	PLCDX
PLCNX	-0.35	0.37	0.86	0.85	0.73		0.42	0.88	-0.36	-0.36	PLCNX
PLCHX	0.57	0.99	0.46	0.47	0.7	0.42		0.3	0.56	0.56	PLCHX
PLCSX	-0.43	0.27	0.96	0.95	0.65	0.88	0.3		-0.42	-0.44	PLCSX
PLFLX	1.0	0.62	-0.25	-0.21	0.12	-0.36	0.56	-0.42		1.0	PLFLX
PLFRX	1.0	0.61	-0.27	-0.23	0.1	-0.36	0.56	-0.44	1.0		PLFRX
	PLBCX	PLAHX	PLADX	PLDSX	PLCDX	PLCNX	PLCHX	PLCSX	PLFLX	PLFRX

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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

PLFLX	+ 1.0	PLBCX
PLFRX	+ 1.0	PLBCX
PLFRX	+ 1.0	PLFLX
PLCHX	+ 0.99	PLAHX
PLDSX	+ 0.98	PLADX
PLCSX	+ 0.96	PLADX

High negative correlations

PLFRX	- 0.44	PLCSX
PLCSX	- 0.43	PLBCX
PLFLX	- 0.42	PLCSX
PLFRX	- 0.36	PLCNX
PLFLX	- 0.36	PLCNX
PLCNX	- 0.35	PLBCX

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
PLBCX	0.06	0.02	0.00	(0.88)	0.00	0.00	0.11	0.00	0.75
PLAHX	0.11	0.00	(0.58)	0.12	0.00	(0.14)	0.21	(0.21)	0.64
PLADX	0.09	0.00	(0.80)	(0.20)	0.05	(0.13)	0.20	(0.20)	0.59
PLDSX	0.08	0.00	(0.87)	(0.14)	0.00	(0.13)	0.20	(0.10)	0.49
PLCDX	0.20	0.01	(0.36)	0.37	0.15	(0.24)	0.48	(0.38)	1.05
PLCNX	0.11	0.00	(0.68)	(0.13)	0.08	(0.15)	0.19	(0.19)	0.67
PLCHX	0.10	0.00	(0.61)	0.08	0.00	(0.14)	0.21	(0.21)	0.53
PLCSX	0.07	(0.01)	(0.85)	(0.19)	0.06	(0.12)	0.20	(0.20)	0.49
PLFLX	0.07	0.02	(0.79)	(1.54)	0.00	(0.25)	0.11	(0.11)	0.75
PLFRX	0.07	0.03	0.00	(1.05)	0.00	0.00	0.21	(0.11)	0.75

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