Ep Emerging Correlations

Mutual Funds . USA . 
Fund . Ep Emerging Markets
EPEIX Fund  USD 10.28  0.04  0.39%   
The current 90-days correlation between Ep Emerging Markets and Metropolitan West High is 0.08 (i.e., Significant diversification). The correlation of Ep Emerging 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.

Ep Emerging Correlation With Market

Weak diversification

The correlation between Ep Emerging Markets and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ep Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ep Emerging Markets. 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 gross domestic product.

Moving together with EPEIX Mutual Fund

  1.0EPASX Ep Emerging MarketsPairCorr
  0.91EPBIX Europac InternationalPairCorr
  0.84EPDIX Europac InternationalPairCorr
  0.84EPDPX Europac InternationalPairCorr
  0.83EPGIX Investment ManagersPairCorr
  0.83EPGFX Europac GoldPairCorr
  0.91EPIBX Europac InternationalPairCorr
  0.87EPIVX Europac InternationalPairCorr
  0.87EPVIX Europac InternationalPairCorr
  0.96VEMAX Vanguard Emerging MarketsPairCorr
  0.96VEIEX Vanguard Emerging MarketsPairCorr
  0.96VEMIX Vanguard Emerging MarketsPairCorr
  0.96VEMRX Vanguard Emerging MarketsPairCorr
  0.77FWWNX American Funds NewPairCorr
  0.77FNFWX American Funds NewPairCorr
  0.77NEWFX New World FundPairCorr
  0.77NWFFX New World FundPairCorr
  0.75NEWCX New World FundPairCorr
  0.93ODVYX Oppenheimer DevelopingPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.76ABNOX Ab Bond InflationPairCorr
  0.68PSDNX Putnam Ultra ShortPairCorr
  0.7UTF Cohen And SteersPairCorr
  0.86BISMX Brandes InternationalPairCorr
  0.8ARBOX Absolute ConvertiblePairCorr
  0.74HTD John Hancock TaxPairCorr
  0.79VICSX Vanguard Intermediate-terPairCorr
  0.7VSGDX Vanguard Short TermPairCorr
  0.69RMDUX American Funds MultiPairCorr
  0.68GIOIX Guggenheim Macro OppPairCorr
  0.77SGDLX Sprott Gold EquityPairCorr
  0.88MEERX Massmutual PremierPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between EPEIX Mutual Fund performing well and Ep Emerging 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 Ep Emerging'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.

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