Pacific Funds Correlations

Mutual Funds . USA . 
Fund . Pacific Funds Floating
PLFRX Fund  USD 9.42  0.00  0.00%   
The current 90-days correlation between Pacific Funds Floating and Pacific Funds Floating is 0.95 (i.e., Almost no 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 Floating 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 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 real.

Moving together with Pacific Mutual Fund

  1.0PLBCX Pacific Funds FloatingPairCorr
  0.96PLAHX Pacific Funds HighPairCorr
  0.94PLADX Pacific Funds ShortPairCorr
  0.94PLDSX Pacific Funds ShortPairCorr
  0.96PLCDX Pacific Funds PortfolioPairCorr
  0.95PLCNX Pacific Funds StrategicPairCorr
  0.95PLCHX Pacific Funds HighPairCorr
  0.94PLCSX Pacific Funds ShortPairCorr
  1.0PLFLX Pacific Funds FloatingPairCorr
  1.0PLFDX Pacific Funds FloatingPairCorr
  0.96PLHYX Pacific Funds HighPairCorr
  0.91PLIAX Pacific Funds EPairCorr
  0.91PLIIX Pacific Funds EPairCorr
  0.91PLIDX Pacific Funds EPairCorr
  0.96PLHIX Pacific Funds HighPairCorr
  0.9PLNCX Pacific Funds EPairCorr
  0.94PLSDX Pacific Funds ShortPairCorr
  0.95PLSFX Pacific Funds StrategicPairCorr
  0.96PLSRX Pacific Funds StrategicPairCorr
  0.97PLUIX Pacific Funds UltraPairCorr
  0.97PLUDX Pacific Funds UltraPairCorr
  0.95PMADX Pacific Funds PortfolioPairCorr
  0.96PMCDX Pacific Funds PortfolioPairCorr
  0.96POAAX Pacific Funds PortfolioPairCorr
  0.96POACX Pacific Funds PortfolioPairCorr
  0.96POCAX Pacific Funds PortfolioPairCorr
  0.96POBAX Pacific Funds PortfolioPairCorr
  0.96POBCX Pacific Funds PortfolioPairCorr
  0.95POEAX Pacific Funds PortfolioPairCorr
  0.95POEDX Pacific Funds PortfolioPairCorr
  0.95PODAX Pacific Funds PortfolioPairCorr
  0.96POMDX Pacific Funds PortfolioPairCorr
  0.98OOSYX Oppenheimer SeniorPairCorr
  0.98OOSIX Oppenheimer SeniorPairCorr
  0.99LFRIX Floating RatePairCorr
  0.99LARCX Floating RatePairCorr
  0.99LFRRX Lord Abbett InvPairCorr
  0.99LFRFX Floating RatePairCorr
  0.99LRRRX Floating RatePairCorr

Related Correlations Analysis

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