Pacific Funds Correlations
| POMDX Fund | USD 11.64 0.05 0.43% |
The current 90-days correlation between Pacific Funds Portfolio and Oil Gas Ultrasector is 0.14 (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 Portfolio 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 Portfolio and DJI in the same portfolio, assuming nothing else is changed.
Pacific |
Moving together with Pacific Mutual Fund
| 0.69 | PLCDX | Pacific Funds Portfolio | PairCorr |
| 0.91 | PMADX | Pacific Funds Portfolio | PairCorr |
| 0.92 | PMCDX | Pacific Funds Portfolio | PairCorr |
| 0.61 | POACX | Pacific Funds Portfolio | PairCorr |
| 0.9 | POCEX | Pacific Funds Portfolio | PairCorr |
| 1.0 | POCAX | Pacific Funds Portfolio | PairCorr |
| 0.8 | POBAX | Pacific Funds Portfolio | PairCorr |
| 0.82 | POBCX | Pacific Funds Portfolio | PairCorr |
| 0.91 | POEAX | Pacific Funds Portfolio | PairCorr |
| 0.91 | POEDX | Pacific Funds Portfolio | PairCorr |
| 1.0 | PODAX | Pacific Funds Portfolio | PairCorr |
| 0.91 | PODCX | Pacific Funds Portfolio | PairCorr |
| 0.9 | POMCX | Pacific Funds Portfolio | PairCorr |
| 0.78 | FBONX | American Funds American | PairCorr |
| 0.78 | FBAFX | American Funds American | PairCorr |
| 0.79 | ABALX | American Balanced | PairCorr |
Related Correlations Analysis
| 0.93 | 0.97 | 0.95 | 0.86 | 0.23 | 0.94 | ENPSX | ||
| 0.93 | 0.88 | 0.92 | 0.88 | 0.02 | 0.89 | FAGNX | ||
| 0.97 | 0.88 | 0.95 | 0.85 | 0.38 | 0.9 | PEO | ||
| 0.95 | 0.92 | 0.95 | 0.96 | 0.37 | 0.9 | SACEX | ||
| 0.86 | 0.88 | 0.85 | 0.96 | 0.31 | 0.77 | SMAPX | ||
| 0.23 | 0.02 | 0.38 | 0.37 | 0.31 | 0.19 | TREIX | ||
| 0.94 | 0.89 | 0.9 | 0.9 | 0.77 | 0.19 | SEPIX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENPSX | 1.53 | 0.08 | 0.04 | 0.01 | 2.22 | 3.17 | 8.59 | |||
| FAGNX | 1.04 | 0.04 | 0.00 | (0.03) | 0.00 | 1.72 | 6.62 | |||
| PEO | 0.90 | 0.04 | 0.07 | 0.00 | 1.27 | 1.65 | 5.71 | |||
| SACEX | 1.00 | 0.09 | 0.09 | 0.05 | 1.36 | 1.83 | 4.58 | |||
| SMAPX | 1.11 | 0.11 | 0.10 | 0.10 | 1.48 | 2.13 | 7.93 | |||
| TREIX | 0.06 | 0.02 | 0.81 | 5.43 | 0.00 | 0.10 | 0.40 | |||
| SEPIX | 0.76 | 0.03 | 0.00 | (0.04) | 0.00 | 1.44 | 4.34 |