Pacific Funds Correlations

POEDX Fund

USD 14.71 0.00 0.00%

The current 90-days correlation between Pacific Funds Portfolio and T Rowe Price is -0.17 (i.e., Good 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 0.81 (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 unemployment.

Moving together with Pacific Mutual Fund

0.61	PLFDX	Pacific Funds Floating	Pair Corr
0.64	PMCDX	Pacific Funds Portfolio	Pair Corr
0.8	POCEX	Pacific Funds Portfolio	Pair Corr
0.77	POCAX	Pacific Funds Portfolio	Pair Corr
0.63	POBAX	Pacific Funds Portfolio	Pair Corr
0.62	POBCX	Pacific Funds Portfolio	Pair Corr
0.79	PODAX	Pacific Funds Portfolio	Pair Corr
0.77	CGRGX	American Funds Growth	Pair Corr
0.77	FPGGX	American Funds Growth	Pair Corr
0.77	FGPGX	American Funds Growth	Pair Corr
0.8	MUTHX	Franklin Mutual Shares	Pair Corr
0.8	TESRX	Franklin Mutual Shares	Pair Corr
0.8	FMSHX	Franklin Mutual Shares	Pair Corr
0.78	GWPCX	American Funds Growth	Pair Corr
0.77	GWPFX	American Funds Growth	Pair Corr
0.77	GWPAX	American Funds Growth	Pair Corr
0.77	CGQGX	American Funds Growth	Pair Corr

Moving against Pacific Mutual Fund

0.56	PLIDX	Pacific Funds E	Pair Corr
0.56	PLNCX	Pacific Funds E	Pair Corr
0.55	PLIAX	Pacific Funds E	Pair Corr
0.55	PLIIX	Pacific Funds E	Pair Corr
0.4	PLCSX	Pacific Funds Short	Pair Corr
0.34	PLDSX	Pacific Funds Short	Pair Corr
0.31	PLADX	Pacific Funds Short	Pair Corr

Related Correlations Analysis

	PATFX	CFNLX	TTRBX	TFBIX	MBSAX
PATFX		0.93	0.74	0.88	0.79	PATFX
CFNLX	0.93		0.86	0.86	0.82	CFNLX
TTRBX	0.74	0.86		0.69	0.75	TTRBX
TFBIX	0.88	0.86	0.69		0.75	TFBIX
MBSAX	0.79	0.82	0.75	0.75		MBSAX
	PATFX	CFNLX	TTRBX	TFBIX	MBSAX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PATFX	0.15	0.02	(0.23)	(0.07)	0.22	(0.23)	0.44	(0.35)	1.69
CFNLX	0.12	0.01	(0.38)	(0.05)	0.17	(0.16)	0.22	(0.32)	1.13
TTRBX	0.13	(0.01)	(0.55)	(0.13)	0.14	(0.17)	0.30	(0.30)	0.70
TFBIX	0.16	0.01	(0.25)	0.33	0.19	(0.23)	0.40	(0.39)	1.58
MBSAX	0.21	0.00	(0.32)	0.13	0.22	(0.23)	0.37	(0.44)	1.25

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