Pacific Funds Correlations

PLADX Fund

USD 10.24 0.01 0.1%

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

Good diversification

The correlation between Pacific Funds Short and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds Short 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 Short. 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

0.98	PLDSX	Pacific Funds Short	Pair Corr
0.63	PLFDX	Pacific Funds Floating	Pair Corr
0.89	PLIDX	Pacific Funds E	Pair Corr
0.87	PLSFX	Pacific Funds Strategic	Pair Corr
0.78	VBIRX	Vanguard Short Term	Pair Corr
0.96	VFSUX	Vanguard Short Term	Pair Corr
0.77	VFSIX	Vanguard Short Term	Pair Corr
0.77	VFSTX	Vanguard Short Term	Pair Corr
0.75	VBITX	Vanguard Short Term	Pair Corr
0.98	VBISX	Vanguard Short Term	Pair Corr
0.73	LALDX	Lord Abbett Short	Pair Corr
0.74	VSCSX	Vanguard Short Term	Pair Corr
0.8	LDLAX	Lord Abbett Short	Pair Corr
0.96	LDLRX	Lord Abbett Short	Pair Corr
0.95	PDI	Pimco Dynamic Income	Pair Corr
0.73	FTCAX	Templeton Strained Bond	Pair Corr
0.75	NWJJX	Nationwide Highmark Bond	Pair Corr
0.73	FXIDX	Fixed Income Shares	Pair Corr
0.96	SNGYX	Sit Government Securities	Pair Corr
0.77	FLRRX	Franklin Low Duration	Pair Corr

Moving against Pacific Mutual Fund

0.32	POCEX	Pacific Funds Portfolio	Pair Corr
0.34	TCTGX	Transamerica Cleartrack	Pair Corr
0.34	TCTJX	Transamerica Cleartrack	Pair Corr
0.33	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	POACX	POCEX	POCAX	POBAX	POBCX	POEAX	POEDX	PODAX	PODCX
POACX		0.61	0.72	0.93	0.91	0.62	0.63	0.67	0.66	POACX
POCEX	0.61		0.99	0.84	0.87	1.0	1.0	1.0	1.0	POCEX
POCAX	0.72	0.99		0.91	0.93	0.99	0.99	1.0	1.0	POCAX
POBAX	0.93	0.84	0.91		1.0	0.85	0.86	0.89	0.88	POBAX
POBCX	0.91	0.87	0.93	1.0		0.88	0.89	0.91	0.9	POBCX
POEAX	0.62	1.0	0.99	0.85	0.88		1.0	1.0	1.0	POEAX
POEDX	0.63	1.0	0.99	0.86	0.89	1.0		1.0	1.0	POEDX
PODAX	0.67	1.0	1.0	0.89	0.91	1.0	1.0		1.0	PODAX
PODCX	0.66	1.0	1.0	0.88	0.9	1.0	1.0	1.0		PODCX
	POACX	POCEX	POCAX	POBAX	POBCX	POEAX	POEDX	PODAX	PODCX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
POACX	0.26	0.00	(0.09)	0.53	(0.52)	1.39
POCEX	0.71	(0.03)	(0.11)	1.29	(1.67)	3.87
POCAX	0.50	(0.02)	(0.11)	0.86	(1.03)	2.68
POBAX	0.36	(0.01)	(0.09)	0.76	(0.76)	1.94
POBCX	0.36	(0.01)	(0.09)	0.71	(0.80)	1.94
POEAX	0.71	(0.02)	(0.11)	1.33	(1.62)	3.92
POEDX	0.71	(0.02)	(0.11)	1.31	(1.65)	3.92
PODAX	0.61	(0.02)	(0.10)	1.13	(1.36)	3.38
PODCX	0.62	(0.02)	(0.11)	1.11	(1.34)	3.34

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