Pacific Funds Correlations

PLHYX Fund

USD 9.26 0.02 0.22%

The current 90-days correlation between Pacific Funds High and Qs Growth Fund is 0.71 (i.e., Poor 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

Modest diversification

The correlation between Pacific Funds High and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Funds High 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 High. 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 manufacturing.

Moving together with Pacific Mutual Fund

0.9	VWEAX	Vanguard High Yield	Pair Corr
0.93	VWEHX	Vanguard High Yield	Pair Corr
0.99	BHYCX	Blackrock Hi Yld	Pair Corr
0.99	BHYIX	Blackrock High Yield	Pair Corr
0.99	BHYSX	Blackrock Hi Yld	Pair Corr
0.99	BHYAX	Blackrock High Yield	Pair Corr
0.97	FAHHX	American Funds American	Pair Corr
0.97	FTAHX	American Funds American	Pair Corr
0.96	AHTFX	American High Income	Pair Corr
0.96	AHTCX	American High Income	Pair Corr
0.87	PFN	Pimco Income Strategy	Pair Corr
0.76	XDSMX	Dreyfus Strategic	Pair Corr
0.94	CIF	Mfs Intermediate High	Pair Corr
0.75	XNXJX	Nuveen New Jersey	Pair Corr
0.8	NXJ	Nuveen New Jersey	Pair Corr
0.92	XPPRX	Voya Prime Rate	Pair Corr
0.85	PCF	Putnam High Income	Pair Corr
0.78	XNBHX	Neuberger Berman Int	Pair Corr
0.65	CEE	Central Europe Russia	Pair Corr
0.68	XEDDX	Morgan Stanley Emerging	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.64	MRK	Merck Company	Pair Corr
0.8	PFE	Pfizer Inc	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.7	BA	Boeing	Pair Corr
0.74	IBM	International Business	Pair Corr
0.85	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	LANIX	JPDVX	VWSTX	BDVFX	PGBAX	MBLAX	ARTQX
LANIX		0.98	-0.03	-0.17	0.58	0.89	0.96	LANIX
JPDVX	0.98		0.13	0.02	0.73	0.96	0.96	JPDVX
VWSTX	-0.03	0.13		0.8	0.63	0.32	0.14	VWSTX
BDVFX	-0.17	0.02	0.8		0.54	0.21	-0.08	BDVFX
PGBAX	0.58	0.73	0.63	0.54		0.86	0.71	PGBAX
MBLAX	0.89	0.96	0.32	0.21	0.86		0.95	MBLAX
ARTQX	0.96	0.96	0.14	-0.08	0.71	0.95		ARTQX
	LANIX	JPDVX	VWSTX	BDVFX	PGBAX	MBLAX	ARTQX

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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

JPDVX	+ 0.98	LANIX
ARTQX	+ 0.96	LANIX
MBLAX	+ 0.96	JPDVX
ARTQX	+ 0.96	JPDVX
ARTQX	+ 0.95	MBLAX
MBLAX	+ 0.89	LANIX

High negative correlations

BDVFX	- 0.17	LANIX
ARTQX	- 0.08	BDVFX
VWSTX	- 0.03	LANIX

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
LANIX	1.06	(0.08)	0.00	1.20	0.00	0.00	1.95	(2.42)	10.95
JPDVX	0.73	(0.02)	0.00	(0.84)	0.00	0.00	1.24	(1.46)	6.70
VWSTX	0.06	0.00	0.58	(0.20)	0.08	(0.11)	0.13	(0.19)	0.70
BDVFX	0.28	0.03	0.33	0.33	0.31	(0.32)	0.54	(0.43)	2.13
PGBAX	0.17	0.00	0.37	(0.17)	0.25	(0.20)	0.34	(0.34)	1.44
MBLAX	0.44	(0.02)	0.00	1.15	0.00	0.00	0.74	(1.24)	4.87
ARTQX	1.07	(0.09)	0.00	1.22	0.00	0.00	1.48	(2.23)	11.72

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