Europacific Growth Correlations

RERAX Fund

USD 53.13 0.74 1.37%

The current 90-days correlation between Europacific Growth and Prudential Emerging Markets is 0.14 (i.e., Average 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

Very weak diversification

The correlation between Europacific Growth Fund and DJI is 0.43 (i.e., Very weak 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 Your Equity Center 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 nation.

Moving together with Europacific Mutual Fund

0.66	FPPPX	American Funds Prese	Pair Corr
0.92	FPTPX	American Funds Conse	Pair Corr
0.65	AMUSX	Us Government Securities	Pair Corr
0.65	CGTCX	Us Government Securities	Pair Corr
0.65	CGTAX	Us Government Securities	Pair Corr
0.92	RRPPX	American Funds Retirement	Pair Corr
0.64	RAMFX	Short Term Bond	Pair Corr
0.77	RCEBX	Capital World Bond	Pair Corr
1.0	RERGX	Europacific Growth Potential Growth	Pair Corr
1.0	RERFX	Europacific Growth	Pair Corr
1.0	RERHX	Europacific Growth	Pair Corr
1.0	RERCX	Europacific Growth	Pair Corr
1.0	RERBX	Europacific Growth	Pair Corr
1.0	REREX	Europacific Growth	Pair Corr
0.78	CMLAX	American Mutual	Pair Corr
0.91	AEGFX	Europacific Growth	Pair Corr
0.91	AEPGX	Europacific Growth	Pair Corr
0.65	USGFX	Us Government Securities	Pair Corr
0.65	FIFBX	American Funds Inter	Pair Corr
0.75	CNLEX	American Funds Inflation	Pair Corr
0.65	RGVAX	Us Government Securities	Pair Corr
0.65	RGVCX	Us Government Securities	Pair Corr
0.65	RGVBX	Us Government Securities	Pair Corr
0.65	RGVJX	Us Government Securities	Pair Corr
0.84	AGVHX	American Funds Global	Pair Corr
0.75	FLIBX	American Funds Inflation	Pair Corr
0.87	IGICX	International Growth And Potential Growth	Pair Corr
0.75	LTXFX	Limited Term Tax	Pair Corr
0.65	UGSFX	Us Government Securities	Pair Corr
0.64	CBOEX	Intermediate Bond	Pair Corr
1.0	AEPFX	Europacific Growth	Pair Corr
1.0	CEUAX	Europacific Growth	Pair Corr
1.0	CEUCX	Europacific Growth	Pair Corr

Moving against Europacific Mutual Fund

0.78	PQTAX	Pimco Trends Managed	Pair Corr
0.77	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	EMDQX	SEDIX	TEOJX	APDOX	FEMDX	PIEFX
EMDQX		0.94	0.91	0.85	0.89	0.89	EMDQX
SEDIX	0.94		0.86	0.92	0.96	0.86	SEDIX
TEOJX	0.91	0.86		0.76	0.81	0.94	TEOJX
APDOX	0.85	0.92	0.76		0.97	0.79	APDOX
FEMDX	0.89	0.96	0.81	0.97		0.83	FEMDX
PIEFX	0.89	0.86	0.94	0.79	0.83		PIEFX
	EMDQX	SEDIX	TEOJX	APDOX	FEMDX	PIEFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
EMDQX	0.30	0.02	0.05	(1.12)	0.24	(0.43)	0.68	(0.46)	1.75
SEDIX	0.09	0.01	0.03	(0.28)	0.00	(0.16)	0.21	(0.21)	0.53
TEOJX	0.78	0.09	0.08	5.99	0.93	(0.83)	1.54	(1.53)	5.83
APDOX	0.16	0.03	0.09	1.15	0.08	(0.18)	0.30	(0.29)	1.07
FEMDX	0.15	0.02	0.08	5.39	0.00	(0.20)	0.42	(0.26)	1.11
PIEFX	0.99	0.08	0.06	0.15	1.25	(0.99)	2.06	(2.04)	6.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC