Pacific Capital Correlations
PTFSX Fund | USD 9.67 0.01 0.10% |
The current 90-days correlation between Pacific Capital Tax and Global Real Estate is 0.27 (i.e., Modest diversification). The correlation of Pacific Capital 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 Capital Correlation With Market
Average diversification
The correlation between Pacific Capital Tax Free and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Capital Tax Free and DJI in the same portfolio, assuming nothing else is changed.
Pacific |
Moving together with Pacific Mutual Fund
0.99 | PTXFX | Pacific Capital Tax | PairCorr |
0.91 | VMLTX | Vanguard Limited Term | PairCorr |
0.91 | VMLUX | Vanguard Limited Term | PairCorr |
0.71 | VWSTX | Vanguard Short Term | PairCorr |
0.71 | VWSUX | Vanguard Short Term | PairCorr |
0.91 | GDUSX | Goldman Sachs Short | PairCorr |
0.83 | GANPX | Goldman Sachs Short | PairCorr |
0.98 | SNDPX | Diversified Municipal | PairCorr |
0.96 | AIDYX | Diversified Municipal | PairCorr |
0.98 | AIDZX | Diversified Municipal | PairCorr |
Moving against Pacific Mutual Fund
0.48 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.41 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.32 | TQEZX | Amg Timessquare Emerging | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Pacific Mutual Fund performing well and Pacific Capital 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 Capital's 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PGRSX | 0.63 | (0.21) | 0.00 | (0.96) | 0.00 | 1.02 | 4.63 | |||
PTFSX | 0.11 | (0.03) | 0.00 | (1.06) | 0.00 | 0.21 | 0.93 | |||
PTXFX | 0.13 | (0.03) | 0.00 | (0.90) | 0.00 | 0.21 | 1.04 | |||
TFAIX | 0.07 | 0.03 | 0.00 | (2.92) | 0.00 | 0.11 | 0.77 | |||
NLSAX | 0.22 | 0.02 | 0.01 | 0.55 | 0.28 | 0.43 | 1.72 | |||
TGCEX | 1.01 | (0.10) | 0.00 | (0.24) | 0.00 | 1.73 | 5.70 | |||
PAGRX | 0.89 | 0.08 | 0.04 | 0.18 | 1.34 | 1.45 | 8.06 | |||
JPHCX | 0.10 | (0.03) | 0.00 | (0.65) | 0.00 | 0.12 | 0.71 | |||
ICPAX | 0.88 | 0.04 | 0.02 | 0.17 | 1.11 | 1.77 | 6.72 | |||
PCBAX | 0.31 | 0.06 | 0.13 | (2.94) | 0.07 | 0.70 | 1.82 |