Real Estate Correlations

REPIX Fund

USD 44.68 1.13 2.47%

The current 90-days correlation between Real Estate Ultrasector and Qs Moderate Growth is 0.03 (i.e., Significant diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Modest diversification

The correlation between Real Estate Ultrasector and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Estate Ultrasector 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 Real Estate Ultrasector. 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 Real Mutual Fund

0.68	GVPIX	Us Government Plus	Pair Corr
0.66	GVPSX	Us Government Plus	Pair Corr

Moving against Real Mutual Fund

0.83	SRPIX	Short Real Estate	Pair Corr
0.76	SRPSX	Short Real Estate	Pair Corr
0.52	UJPIX	Ultrajapan Profund	Pair Corr
0.47	UJPSX	Ultrajapan Profund	Pair Corr
0.47	ENPSX	Oil Gas Ultrasector	Pair Corr
0.45	TEPIX	Technology Ultrasector	Pair Corr
0.45	LGPIX	Large Cap Growth	Pair Corr
0.39	OTPIX	Nasdaq 100 Profund	Pair Corr
0.39	OTPSX	Nasdaq 100 Profund	Pair Corr
0.36	TEPSX	Technology Ultrasector	Pair Corr
0.33	LGPSX	Profunds Large Cap	Pair Corr
0.66	RRPSX	Rising Rates Opportunity	Pair Corr
0.47	ENPIX	Oil Gas Ultrasector	Pair Corr
0.47	WCPSX	Mobile Telecommunicatio	Pair Corr
0.46	INPIX	Internet Ultrasector	Pair Corr
0.46	INPSX	Internet Ultrasector	Pair Corr
0.36	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.35	CYPSX	Consumer Services Steady Growth	Pair Corr
0.35	CYPIX	Consumer Services Steady Growth	Pair Corr
0.32	ULPIX	Ultrabull Profund	Pair Corr
0.66	RRPIX	Rising Rates Opportunity	Pair Corr
0.65	RTPSX	Rising Rates Opportunity	Pair Corr
0.46	UOPIX	Ultra Nasdaq 100	Pair Corr
0.45	UOPSX	Ultranasdaq 100 Profund	Pair Corr

Related Correlations Analysis

	SCGCX	EXBAX	SRJIX	TDIFX	SIRZX	LLMRX	CMATX
SCGCX		0.17	0.91	0.54	0.49	0.95	0.96	SCGCX
EXBAX	0.17		0.43	0.8	0.81	0.2	0.36	EXBAX
SRJIX	0.91	0.43		0.79	0.62	0.86	0.94	SRJIX
TDIFX	0.54	0.8	0.79		0.82	0.5	0.7	TDIFX
SIRZX	0.49	0.81	0.62	0.82		0.52	0.66	SIRZX
LLMRX	0.95	0.2	0.86	0.5	0.52		0.91	LLMRX
CMATX	0.96	0.36	0.94	0.7	0.66	0.91		CMATX
	SCGCX	EXBAX	SRJIX	TDIFX	SIRZX	LLMRX	CMATX

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Estate 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 Real Estate'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
SCGCX	0.39	0.03	(0.04)	0.18	0.23	(0.48)	0.87	(0.71)	2.67
EXBAX	0.25	0.00	(0.30)	0.18	0.28	(0.27)	0.41	(0.60)	1.49
SRJIX	0.35	0.01	(0.12)	0.14	0.29	(0.39)	0.86	(0.66)	2.35
TDIFX	0.15	(0.01)	(0.46)	0.07	0.10	(0.18)	0.35	(0.26)	0.95
SIRZX	0.19	0.00	(0.38)	0.15	0.18	(0.24)	0.43	(0.47)	1.22
LLMRX	0.38	0.08	(0.04)	0.98	0.21	(0.48)	0.86	(0.69)	2.65
CMATX	0.33	0.01	(0.13)	0.14	0.16	(0.48)	0.97	(0.62)	2.20

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