Pacific Funds Correlations

Mutual Funds . USA . 
Fund . Pacific Funds Portfolio
POCEX Fund  USD 13.29  0.06  0.45%   
The current 90-days correlation between Pacific Funds Portfolio and American Funds Growth is 0.96 (i.e., Almost no 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 poor diversification

The correlation between Pacific Funds Portfolio and DJI is 0.86 (i.e., Very poor 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 income.

Moving together with Pacific Mutual Fund

  0.82PLBCX Pacific Funds FloatingPairCorr
  0.79PLAHX Pacific Funds HighPairCorr
  0.76PLCHX Pacific Funds HighPairCorr
  0.82PLFLX Pacific Funds FloatingPairCorr
  0.82PLFRX Pacific Funds FloatingPairCorr
  0.83PLFDX Pacific Funds FloatingPairCorr
  0.82PLHYX Pacific Funds HighPairCorr
  0.83PLHIX Pacific Funds HighPairCorr
  0.79PLUIX Pacific Funds UltraPairCorr
  0.79PLUDX Pacific Funds UltraPairCorr
  1.0PMADX Pacific Funds PortfolioPairCorr
  0.89PMCDX Pacific Funds PortfolioPairCorr
  0.99POCAX Pacific Funds PortfolioPairCorr
  0.87POBAX Pacific Funds PortfolioPairCorr
  0.85POBCX Pacific Funds PortfolioPairCorr
  1.0POEAX Pacific Funds PortfolioPairCorr
  1.0POEDX Pacific Funds PortfolioPairCorr
  1.0PODAX Pacific Funds PortfolioPairCorr
  0.99POMDX Pacific Funds PortfolioPairCorr
  0.98CGRGX American Funds GrowthPairCorr
  0.98FPGGX American Funds GrowthPairCorr
  0.98FGPGX American Funds GrowthPairCorr
  0.94MUTHX Franklin Mutual SharesPairCorr
  0.94TESRX Franklin Mutual SharesPairCorr

Moving against Pacific Mutual Fund

  0.59PLNCX Pacific Funds EPairCorr
  0.58PLIAX Pacific Funds EPairCorr
  0.57PLIDX Pacific Funds EPairCorr
  0.56PLIIX Pacific Funds EPairCorr

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.

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