Pacific Capital Correlations

PTXFX Fund

USD 9.60 0.01 0.10%

The current 90-days correlation between Pacific Capital Tax and Global Real Estate is 0.33 (i.e., Weak 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 0.1 (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 census.

Moving together with Pacific Mutual Fund

0.99	PTFSX	Pacific Capital Tax	Pair Corr
0.8	HICOX	Colorado Bondshares	Pair Corr
0.97	KYTFX	Kentucky Tax Free	Pair Corr
0.95	UVABX	Virginia Bond	Pair Corr
0.92	HULYX	Hawaiian Tax Free	Pair Corr
0.99	HULFX	Hawaiian Tax Free	Pair Corr
0.99	ORTYX	Aquila Tax Free	Pair Corr
0.94	UVAIX	Usaa Virginia Bond	Pair Corr
0.94	USVAX	Virginia Bond	Pair Corr
0.99	HULAX	Hawaiian Tax Free	Pair Corr

Moving against Pacific Mutual Fund

0.37	SMPIX	Semiconductor Ultrasector	Pair Corr
0.63	RPEIX	T Rowe Price	Pair Corr
0.5	UXPIX	Ultrashort International	Pair Corr
0.5	MWATX	Metropolitan West Alpha	Pair Corr

Related Correlations Analysis

	PGRSX	PTFSX	PTXFX	BPTUX	BFTIX	UXPIX	ETV	AAGOX	TSNAX	PNDIX
PGRSX		0.58	0.51	-0.8	-0.64	-0.81	-0.7	-0.67	-0.59	-0.63	PGRSX
PTFSX	0.58		0.99	-0.22	-0.12	-0.59	-0.17	-0.17	-0.08	-0.46	PTFSX
PTXFX	0.51	0.99		-0.13	-0.02	-0.5	-0.06	-0.06	0.03	-0.39	PTXFX
BPTUX	-0.8	-0.22	-0.13		0.88	0.72	0.89	0.89	0.84	0.67	BPTUX
BFTIX	-0.64	-0.12	-0.02	0.88		0.72	0.96	0.99	0.99	0.77	BFTIX
UXPIX	-0.81	-0.59	-0.5	0.72	0.72		0.76	0.74	0.7	0.87	UXPIX
ETV	-0.7	-0.17	-0.06	0.89	0.96	0.76		0.97	0.95	0.73	ETV
AAGOX	-0.67	-0.17	-0.06	0.89	0.99	0.74	0.97		0.98	0.78	AAGOX
TSNAX	-0.59	-0.08	0.03	0.84	0.99	0.7	0.95	0.98		0.76	TSNAX
PNDIX	-0.63	-0.46	-0.39	0.67	0.77	0.87	0.73	0.78	0.76		PNDIX
	PGRSX	PTFSX	PTXFX	BPTUX	BFTIX	UXPIX	ETV	AAGOX	TSNAX	PNDIX

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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

PTXFX	+ 0.99	PTFSX
AAGOX	+ 0.99	BFTIX
TSNAX	+ 0.99	BFTIX
TSNAX	+ 0.98	AAGOX
AAGOX	+ 0.97	ETV
ETV	+ 0.96	BFTIX

High negative correlations

UXPIX	- 0.81	PGRSX
BPTUX	- 0.8	PGRSX
ETV	- 0.7	PGRSX
AAGOX	- 0.67	PGRSX
BFTIX	- 0.64	PGRSX
PNDIX	- 0.63	PGRSX

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	0.64	(0.20)	0.00	(0.97)	0.00	0.00	1.02	(1.69)	4.83
PTFSX	0.12	(0.03)	0.00	(1.10)	0.00	0.00	0.21	(0.31)	0.93
PTXFX	0.13	(0.02)	0.00	(0.91)	0.00	0.00	0.21	(0.31)	1.04
BPTUX	1.70	0.37	0.20	(2.16)	1.52	(2.03)	4.19	(2.81)	15.67
BFTIX	0.98	0.16	0.11	1.40	1.29	(1.02)	1.99	(1.74)	7.02
UXPIX	1.11	0.27	0.21	(3.09)	1.02	(1.35)	3.04	(2.06)	6.82
ETV	0.51	0.10	0.15	1.58	0.45	(0.56)	1.18	(0.96)	3.41
AAGOX	0.95	0.16	0.10	0.54	1.25	(0.90)	2.21	(2.11)	6.67
TSNAX	0.96	0.13	0.08	2.01	1.28	(0.97)	1.99	(2.04)	7.03
PNDIX	0.05	0.00	0.00	(0.08)	0.00	0.00	0.10	0.00	0.89

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