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 -0.02 (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

Average diversification

The correlation between Pacific Funds Floating and DJI is 0.18 (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

  0.96PLBCX Pacific Funds FloatingPairCorr
  0.74PLAHX Pacific Funds HighPairCorr
  0.63PLADX Pacific Funds ShortPairCorr
  0.61PLDSX Pacific Funds ShortPairCorr
  0.62PLCNX Pacific Funds StrategicPairCorr
  0.7PLCHX Pacific Funds HighPairCorr
  0.61PLCSX Pacific Funds ShortPairCorr
  0.98PLFLX Pacific Funds FloatingPairCorr
  0.88PLFRX Pacific Funds FloatingPairCorr
  0.72PLHYX Pacific Funds HighPairCorr
  0.74PLHIX Pacific Funds HighPairCorr
  0.61PLSDX Pacific Funds ShortPairCorr
  0.63PLSFX Pacific Funds StrategicPairCorr
  0.65PLSRX Pacific Funds StrategicPairCorr
  0.74PLUIX Pacific Funds UltraPairCorr
  0.75PLUDX Pacific Funds UltraPairCorr
  0.62POAAX Pacific Funds PortfolioPairCorr
  0.94OOSYX Oppenheimer SeniorPairCorr
  0.83OOSIX Oppenheimer SeniorPairCorr
  0.98LFRIX Floating RatePairCorr

Moving against Pacific Mutual Fund

  0.55PQTAX 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.