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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Capital Tax Free. 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 state.

Moving together with Pacific Mutual Fund

  0.99PTXFX Pacific Capital TaxPairCorr
  0.91VMLTX Vanguard Limited TermPairCorr
  0.91VMLUX Vanguard Limited TermPairCorr
  0.71VWSTX Vanguard Short TermPairCorr
  0.71VWSUX Vanguard Short TermPairCorr
  0.91GDUSX Goldman Sachs ShortPairCorr
  0.83GANPX Goldman Sachs ShortPairCorr
  0.98SNDPX Diversified MunicipalPairCorr
  0.96AIDYX Diversified MunicipalPairCorr
  0.98AIDZX Diversified MunicipalPairCorr

Moving against Pacific Mutual Fund

  0.48SMPIX Semiconductor UltrasectorPairCorr
  0.41SMPSX Semiconductor UltrasectorPairCorr
  0.32TQEZX Amg Timessquare EmergingPairCorr

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   
PTXFXPTFSX
NLSAXTFAIX
JPHCXTGCEX
PCBAXTFAIX
PCBAXNLSAX
ICPAXPAGRX
  
High negative correlations   
TFAIXPGRSX
PCBAXPGRSX
NLSAXPGRSX
TGCEXPGRSX
JPHCXPGRSX
PAGRXPGRSX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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