Central Europe Correlations

CEE Fund

USD 14.94 0.03 0.20%

The current 90-days correlation between Central Europe Russia and Mexico Closed is 0.37 (i.e., Weak diversification). The correlation of Central Europe 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.

Central Europe Correlation With Market

Average diversification

The correlation between Central Europe Russia and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Central Europe Russia 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 Central Europe Russia. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Central Fund

0.75	BRUFX	Bruce Fund Bruce	Pair Corr
0.91	KF	Korea Closed	Pair Corr
0.89	DLDFX	Destinations Low Duration	Pair Corr
0.89	EMBAX	Unconstrained Emerging	Pair Corr
0.76	RXRPX	American Funds Retirement	Pair Corr
0.86	DBIWX	Dws Global Macro	Pair Corr
0.78	HRBDX	Harbor Bond Fund	Pair Corr
0.92	HTD	John Hancock Tax	Pair Corr
0.88	ABNOX	Ab Bond Inflation	Pair Corr
0.83	UTF	Cohen And Steers	Pair Corr
0.93	ARBOX	Absolute Convertible	Pair Corr
0.79	VICSX	Vanguard Intermediate-ter	Pair Corr
0.69	HWACX	Hotchkis Wiley Value	Pair Corr
0.62	PGLSX	Global Multi Strategy	Pair Corr
0.82	GF	New Germany Closed	Pair Corr
0.71	USGDX	Morgan Stanley Government	Pair Corr
0.87	GIOIX	Guggenheim Macro Opp	Pair Corr
0.87	SGDLX	Sprott Gold Equity	Pair Corr
0.74	SAEMX	Sa Emerging Markets	Pair Corr
0.8	EBSIX	Campbell Systematic Macro	Pair Corr
0.9	BISMX	Brandes International	Pair Corr

Moving against Central Fund

0.6

SPGSX

State Street Premier

Pair Corr

Related Correlations Analysis

	MXF	NXG	TWN	JOF	MCR	EEA	JEQ	HYI	FRRPF	KF
MXF		0.37	-0.51	0.8	0.56	0.91	0.68	0.73	-0.76	0.86	MXF
NXG	0.37		-0.25	0.35	0.64	0.38	0.26	0.49	-0.43	0.56	NXG
TWN	-0.51	-0.25		-0.8	-0.12	-0.69	-0.79	-0.21	0.86	-0.48	TWN
JOF	0.8	0.35	-0.8		0.33	0.86	0.88	0.43	-0.89	0.74	JOF
MCR	0.56	0.64	-0.12	0.33		0.55	0.1	0.89	-0.45	0.58	MCR
EEA	0.91	0.38	-0.69	0.86	0.55		0.7	0.73	-0.89	0.86	EEA
JEQ	0.68	0.26	-0.79	0.88	0.1	0.7		0.2	-0.76	0.62	JEQ
HYI	0.73	0.49	-0.21	0.43	0.89	0.73	0.2		-0.55	0.72	HYI
FRRPF	-0.76	-0.43	0.86	-0.89	-0.45	-0.89	-0.76	-0.55		-0.76	FRRPF
KF	0.86	0.56	-0.48	0.74	0.58	0.86	0.62	0.72	-0.76		KF
	MXF	NXG	TWN	JOF	MCR	EEA	JEQ	HYI	FRRPF	KF

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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

EEA	+ 0.91	MXF
HYI	+ 0.89	MCR
JEQ	+ 0.88	JOF
KF	+ 0.86	MXF
FRRPF	+ 0.86	TWN
EEA	+ 0.86	JOF

High negative correlations

FRRPF	- 0.89	EEA
FRRPF	- 0.89	JOF
JOF	- 0.8	TWN
JEQ	- 0.79	TWN
KF	- 0.76	FRRPF
FRRPF	- 0.76	JEQ

Risk-Adjusted Indicators

There is a big difference between Central Fund performing well and Central Europe 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 Central Europe'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
MXF	1.05	0.08	0.09	0.15	1.35	(1.03)	2.49	(2.03)	5.85
NXG	1.56	0.14	0.06	0.21	2.69	(1.47)	3.26	(4.66)	13.35
TWN	1.06	(0.10)	0.00	(0.29)	0.00	0.00	1.93	(2.69)	7.31
JOF	0.76	0.16	0.24	0.45	0.67	(0.86)	1.83	(1.29)	3.72
MCR	0.40	0.02	0.11	0.04	0.50	(0.48)	0.66	(0.94)	3.88
EEA	0.67	0.14	0.18	0.28	0.81	(0.74)	1.47	(1.32)	5.11
JEQ	0.80	0.26	0.29	0.75	0.75	(0.96)	1.36	(1.22)	8.02
HYI	0.38	0.02	0.13	(0.01)	0.46	(0.38)	0.67	(0.77)	1.61
FRRPF	1.35	(0.63)	0.00	(1.65)	0.00	0.00	1.81	(5.59)	12.36
KF	0.94	0.15	0.15	0.19	1.01	(1.03)	2.36	(1.84)	5.73

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