Pacific Funds Correlations

PLFDX Fund

USD 9.43 0.06 0.64%

The current 90-days correlation between Pacific Funds Floating and Ab Municipal Bond is 0.1 (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

Weak diversification

The correlation between Pacific Funds Floating and DJI is 0.31 (i.e., Weak 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

0.88	OOSYX	Oppenheimer Senior	Pair Corr
0.87	OOSIX	Oppenheimer Senior	Pair Corr
0.88	LFRIX	Floating Rate	Pair Corr
0.98	LARCX	Floating Rate	Pair Corr
0.98	LFRRX	Lord Abbett Inv	Pair Corr
0.89	LFRFX	Floating Rate	Pair Corr
0.89	LRRRX	Floating Rate	Pair Corr
0.89	LRRTX	Floating Rate	Pair Corr
0.98	LRRVX	Floating Rate	Pair Corr
0.89	LRRKX	Floating Rate	Pair Corr
0.84	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.78	RYVLX	Nasdaq 100 2x	Pair Corr
0.85	RYVYX	Nasdaq 100 2x	Pair Corr
0.85	UOPIX	Ultra Nasdaq 100	Pair Corr
0.76	RYCCX	Nasdaq 100 2x	Pair Corr
0.85	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.84	INPIX	Internet Ultrasector	Pair Corr
0.75	INPSX	Internet Ultrasector	Pair Corr
0.73	BIPIX	Biotechnology Ultrasector	Pair Corr
0.85	FKGYGX	Fkgygx	Pair Corr
0.83	VMCPX	Vanguard Mid Cap	Pair Corr
0.76	USTCX	Science Technology	Pair Corr
0.97	EMXCX	Ashmore Emerging Markets	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.87	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.77	AXP	American Express	Pair Corr
0.79	DIS	Walt Disney	Pair Corr
0.65	MSFT	Microsoft Sell-off Trend	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr

Moving against Pacific Mutual Fund

0.31

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	AUNCX	FCSCX	OWMBX	JHSFX	USGFX	EQCDX	AUNTX
AUNCX		0.21	0.84	0.68	0.3	0.0	0.99	AUNCX
FCSCX	0.21		0.61	0.69	0.65	0.69	0.28	FCSCX
OWMBX	0.84	0.61		0.88	0.45	0.33	0.88	OWMBX
JHSFX	0.68	0.69	0.88		0.49	0.41	0.72	JHSFX
USGFX	0.3	0.65	0.45	0.49		0.11	0.27	USGFX
EQCDX	0.0	0.69	0.33	0.41	0.11		0.1	EQCDX
AUNTX	0.99	0.28	0.88	0.72	0.27	0.1		AUNTX
	AUNCX	FCSCX	OWMBX	JHSFX	USGFX	EQCDX	AUNTX

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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

AUNTX	+ 0.99	AUNCX
JHSFX	+ 0.88	OWMBX
AUNTX	+ 0.88	OWMBX
OWMBX	+ 0.84	AUNCX
AUNTX	+ 0.72	JHSFX
JHSFX	+ 0.69	FCSCX

High negative correlations

EQCDX

- 0.0

AUNCX

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
AUNCX	0.21	(0.01)	(0.25)	0.35	0.38	(0.21)	0.48	(0.76)	1.72
FCSCX	0.07	0.00	(0.71)	0.00	0.00	(0.19)	0.13	(0.13)	0.53
OWMBX	0.17	0.02	(0.18)	(0.15)	0.31	(0.18)	0.27	(0.72)	1.80
JHSFX	0.18	0.01	(0.18)	(0.44)	0.32	(0.20)	0.40	(0.81)	1.93
USGFX	0.31	0.03	(0.19)	(0.69)	0.34	(0.34)	0.59	(0.59)	1.83
EQCDX	0.07	0.01	0.00	(0.89)	0.00	0.00	0.32	(0.11)	1.16
AUNTX	0.21	0.00	(0.25)	0.18	0.36	(0.22)	0.48	(0.76)	1.70

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