Europac Gold Correlations

Mutual Funds . USA . 
Fund . Europac Gold Fund
EPGFX Fund  USD 11.58  0.07  0.60%   
The current 90-days correlation between Europac Gold and Europac International Value is 0.8 (i.e., Very poor diversification). The correlation of Europac Gold 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.

Europac Gold Correlation With Market

Modest diversification

The correlation between Europac Gold Fund 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 Europac Gold Fund 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 Europac Gold 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 census.

Moving together with Europac Mutual Fund

  0.83EPASX Ep Emerging MarketsPairCorr
  0.89EPBIX Europac InternationalPairCorr
  0.97EPDIX Europac InternationalPairCorr
  0.83EPEIX Ep Emerging MarketsPairCorr
  0.97EPDPX Europac InternationalPairCorr
  1.0EPGIX Investment ManagersPairCorr
  0.88EPIBX Europac InternationalPairCorr
  0.97EPIVX Europac InternationalPairCorr
  0.96EPVIX Europac InternationalPairCorr
  0.99SGGDX First Eagle GoldPairCorr
  0.99FEGIX First Eagle GoldPairCorr
  0.99FEGOX First Eagle GoldPairCorr
  0.99OPGSX Oppenheimer Gold SpecPairCorr
  0.98OGMCX Oppenheimer Gold SpecialPairCorr
  0.99FSAGX Gold Portfolio GoldPairCorr
  0.99FIJDX Gold Portfolio FidelityPairCorr
  0.68MFSIX Mfs Series TrustPairCorr
  0.75HRBDX Harbor Bond FundPairCorr
  0.81VMLTX Vanguard Limited TermPairCorr
  0.8FFLQX Franklin Federal LimPairCorr
  0.69EBSFX Eubel Brady SuttmanPairCorr
  0.88EMBAX Unconstrained EmergingPairCorr
  0.99FGDIX Fidelity Advisor GoldPairCorr
  0.76MFAAX American Funds MortgagePairCorr
  0.62ALVGX Large Pany ValuePairCorr
  0.71DABLX Dreyfus Yield EnhancementPairCorr
  0.93VWICX Vanguard InternationalPairCorr
  0.7EVUYX Wells Fargo AdvantagePairCorr
  0.82PUCAX Prudential UnconstrainedPairCorr

Moving against Europac Mutual Fund

  0.67SMPSX Semiconductor UltrasectorPairCorr
  0.66SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Europac Mutual Fund performing well and Europac Gold 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 Europac Gold'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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