Pacific Funds Correlations

PLFDX Fund  USD 9.40  0.01  0.11%   
The current 90-days correlation between Pacific Funds Floating and Pacific Funds Strategic is 0.16 (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 Floating and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds Floating 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 Floating. 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

  0.97PLBCX Pacific Funds FloatingPairCorr
  0.68PLAHX Pacific Funds HighPairCorr
  0.67PLADX Pacific Funds ShortPairCorr
  0.65PLDSX Pacific Funds ShortPairCorr
  0.63PLCSX Pacific Funds ShortPairCorr
  0.98PLFLX Pacific Funds FloatingPairCorr
  0.99PLFRX Pacific Funds FloatingPairCorr
  0.67PLHYX Pacific Funds HighPairCorr
  0.69PLHIX Pacific Funds HighPairCorr
  0.65PLSDX Pacific Funds ShortPairCorr
  0.87PLUIX Pacific Funds UltraPairCorr
  0.87PLUDX Pacific Funds UltraPairCorr
  0.96OOSYX Oppenheimer SeniorPairCorr
  0.95OOSIX Oppenheimer SeniorPairCorr
  0.99LFRIX Floating RatePairCorr

Moving against Pacific Mutual Fund

  0.57PQTAX Pimco Trends ManagedPairCorr

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.