Europacific Growth Correlations

AEPGX Fund

USD 54.23 0.33 0.61%

The current 90-days correlation between Europacific Growth and Dws Emerging Markets is 0.63 (i.e., Poor diversification). The correlation of Europacific Growth 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.

Europacific Growth Correlation With Market

Good diversification

The correlation between Europacific Growth Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europacific Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Europacific Growth Fund. 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 price.

Moving together with Europacific Mutual Fund

0.94	RNEBX	New World Fund	Pair Corr
0.63	FPPPX	American Funds Prese	Pair Corr
0.68	FPTPX	American Funds Conse	Pair Corr
0.67	RNRPX	American Funds Retirement	Pair Corr
0.76	AMUSX	Us Government Securities	Pair Corr
0.7	TEPCX	American Funds Tax	Pair Corr
0.63	TEPAX	American Funds Tax	Pair Corr
0.64	TEPFX	American Funds Tax	Pair Corr
0.95	RNWFX	New World Fund	Pair Corr

Related Correlations Analysis

	SEKRX	APDOX	EMSLX	REMVX	RYAHX
SEKRX		-0.07	0.89	0.93	-0.43	SEKRX
APDOX	-0.07		0.08	0.04	0.55	APDOX
EMSLX	0.89	0.08		0.9	-0.51	EMSLX
REMVX	0.93	0.04	0.9		-0.4	REMVX
RYAHX	-0.43	0.55	-0.51	-0.4		RYAHX
	SEKRX	APDOX	EMSLX	REMVX	RYAHX

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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

REMVX	+ 0.93	SEKRX
REMVX	+ 0.9	EMSLX
EMSLX	+ 0.89	SEKRX
RYAHX	+ 0.55	APDOX
EMSLX	+ 0.08	APDOX
REMVX	+ 0.04	APDOX

High negative correlations

RYAHX	- 0.51	EMSLX
RYAHX	- 0.43	SEKRX
RYAHX	- 0.4	REMVX
APDOX	- 0.07	SEKRX

Risk-Adjusted Indicators

There is a big difference between Europacific Mutual Fund performing well and Europacific Growth 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 Europacific Growth'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
SEKRX	0.70	(0.02)	0.00	(1.78)	0.00	0.00	1.64	(1.47)	5.33
APDOX	0.15	(0.02)	0.00	(1.36)	0.00	0.00	0.29	(0.29)	1.54
EMSLX	0.75	(0.06)	0.00	(0.60)	0.00	0.00	1.76	(1.44)	6.36
REMVX	0.93	(0.10)	0.00	1.03	0.00	0.00	1.40	(2.04)	9.14
RYAHX	1.02	(0.05)	(0.02)	0.00	1.40	(1.07)	2.41	(1.76)	12.00

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