Pacific Funds Correlations

PLAHX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Pacific Funds High and Mfs Diversified Income 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 0.45 (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 rate.

Moving together with Pacific Mutual Fund

0.68	PLBCX	Pacific Funds Floating	Pair Corr
0.82	PLCDX	Pacific Funds Portfolio	Pair Corr
0.82	PLCNX	Pacific Funds Strategic	Pair Corr
0.91	PLCHX	Pacific Funds High	Pair Corr
0.69	PLFLX	Pacific Funds Floating	Pair Corr
0.71	PLFRX	Pacific Funds Floating	Pair Corr
0.69	PLFDX	Pacific Funds Floating	Pair Corr
0.99	PLHYX	Pacific Funds High	Pair Corr
0.99	PLHIX	Pacific Funds High	Pair Corr
0.79	PLSFX	Pacific Funds Strategic	Pair Corr
0.8	PLSTX	Pacific Funds Strategic	Pair Corr
0.77	PLSRX	Pacific Funds Strategic	Pair Corr
0.81	PMCDX	Pacific Funds Portfolio	Pair Corr
0.83	POAAX	Pacific Funds Portfolio	Pair Corr
0.89	POACX	Pacific Funds Portfolio	Pair Corr
0.81	POBAX	Pacific Funds Portfolio	Pair Corr
0.79	POBCX	Pacific Funds Portfolio	Pair Corr
0.73	VWEAX	Vanguard High Yield	Pair Corr
0.76	VWEHX	Vanguard High Yield	Pair Corr
0.91	BHYCX	Blackrock Hi Yld	Pair Corr

Related Correlations Analysis

	DIFIX	HIIDX	PGDIX	MBLAX	ACDOX	LIGFX	PGBAX	SRDAX
DIFIX		0.93	0.95	0.77	0.91	0.7	0.95	-0.35	DIFIX
HIIDX	0.93		0.9	0.68	0.87	0.66	0.9	-0.34	HIIDX
PGDIX	0.95	0.9		0.67	0.96	0.62	1.0	-0.36	PGDIX
MBLAX	0.77	0.68	0.67		0.51	0.91	0.67	0.0	MBLAX
ACDOX	0.91	0.87	0.96	0.51		0.45	0.96	-0.48	ACDOX
LIGFX	0.7	0.66	0.62	0.91	0.45		0.64	0.08	LIGFX
PGBAX	0.95	0.9	1.0	0.67	0.96	0.64		-0.36	PGBAX
SRDAX	-0.35	-0.34	-0.36	0.0	-0.48	0.08	-0.36		SRDAX
	DIFIX	HIIDX	PGDIX	MBLAX	ACDOX	LIGFX	PGBAX	SRDAX

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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

PGBAX	+ 1.0	PGDIX
ACDOX	+ 0.96	PGDIX
PGBAX	+ 0.96	ACDOX
PGDIX	+ 0.95	DIFIX
PGBAX	+ 0.95	DIFIX
HIIDX	+ 0.93	DIFIX

High negative correlations

SRDAX	- 0.48	ACDOX
SRDAX	- 0.36	PGBAX
SRDAX	- 0.36	PGDIX
SRDAX	- 0.35	DIFIX
SRDAX	- 0.34	HIIDX
SRDAX	- 0.0	MBLAX

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
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
HIIDX	0.63	0.08	0.12	0.08	0.82	(0.65)	1.27	(0.97)	5.23
PGDIX	0.14	0.01	0.36	(0.23)	0.11	(0.16)	0.34	(0.34)	0.94
MBLAX	0.27	0.00	0.00	(0.05)	0.00	0.00	0.62	(0.54)	1.51
ACDOX	0.25	0.01	0.25	(0.17)	0.23	(0.30)	0.55	(0.44)	1.46
LIGFX	0.32	0.01	0.00	(0.03)	0.00	0.00	0.55	(0.67)	1.75
PGBAX	0.14	0.00	0.39	(0.17)	0.08	(0.18)	0.34	(0.25)	0.85
SRDAX	0.16	0.00	0.25	0.00	0.17	(0.20)	0.29	(0.37)	0.76

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